Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Elos Medtech AB (publ) (ELOS-B.ST)

Company Dividend Discount ModelIndustry: Medical - Instruments & SuppliesSector: Healthcare

Valuation Snapshot

Stable Growth$131.43 - $275.55$185.81
Multi-Stage$96.72 - $105.67$101.12
Blended Fair Value$143.46
Current Price$213.00
Upside-32.65%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2022202120202019201820172016201520142013
DPS0.00%0.00%0.001.570.001.040.001.020.782.351.570.78
YoY Growth---100.00%0.00%-100.00%0.00%-100.00%30.00%-66.67%50.00%100.00%-33.33%
Dividend Yield--0.00%0.53%0.00%1.50%0.00%1.48%0.93%2.47%1.78%1.20%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)54.95
(-) Cash Dividends Paid (M)8.10
(=) Cash Retained (M)46.85
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)10.996.874.12
Cash Retained (M)46.8546.8546.85
(-) Cash Required (M)-10.99-6.87-4.12
(=) Excess Retained (M)35.8639.9842.73
(/) Shares Outstanding (M)7.727.727.72
(=) Excess Retained per Share4.645.185.53
LTM Dividend per Share1.051.051.05
(+) Excess Retained per Share4.645.185.53
(=) Adjusted Dividend5.696.226.58
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate5.43%6.43%7.43%
Fair Value$131.43$185.81$275.55
Upside / Downside-38.30%-12.77%29.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)54.9558.4962.2566.2570.5275.0577.31
Payout Ratio14.74%29.79%44.84%59.90%74.95%90.00%92.50%
Projected Dividends (M)8.1017.4227.9239.6852.8567.5571.51

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate5.43%6.43%7.43%
Year 1 PV (M)15.6915.8415.99
Year 2 PV (M)22.6423.0723.51
Year 3 PV (M)28.9829.8230.66
Year 4 PV (M)34.7636.1037.47
Year 5 PV (M)40.0141.9443.95
PV of Terminal Value (M)605.06634.30664.67
Equity Value (M)747.14781.07816.25
Shares Outstanding (M)7.727.727.72
Fair Value$96.72$101.12$105.67
Upside / Downside-54.59%-52.53%-50.39%

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