Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Svedbergs i Dalstorp AB (publ) (SVED-B.ST)

Company Dividend Discount ModelIndustry: ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$259.86 - $758.01$710.36
Multi-Stage$103.95 - $113.76$108.77
Blended Fair Value$409.56
Current Price$55.00
Upside644.66%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS14.93%9.60%1.001.000.000.500.000.500.900.900.900.80
YoY Growth--0.07%0.00%-100.00%0.00%-100.00%-44.38%0.14%-0.11%12.34%99.48%
Dividend Yield--2.05%2.52%0.00%1.10%0.00%3.65%5.31%3.41%2.59%2.94%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)202.00
(-) Cash Dividends Paid (M)66.20
(=) Cash Retained (M)135.80
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)40.4025.2515.15
Cash Retained (M)135.80135.80135.80
(-) Cash Required (M)-40.40-25.25-15.15
(=) Excess Retained (M)95.40110.55120.65
(/) Shares Outstanding (M)53.0053.0053.00
(=) Excess Retained per Share1.802.092.28
LTM Dividend per Share1.251.251.25
(+) Excess Retained per Share1.802.092.28
(=) Adjusted Dividend3.053.343.53
WACC / Discount Rate6.74%6.74%6.74%
Growth Rate5.50%6.50%7.50%
Fair Value$259.86$710.36$758.01
Upside / Downside372.46%1,191.57%1,278.19%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)202.00215.13229.11244.01259.87276.76285.06
Payout Ratio32.77%44.22%55.66%67.11%78.55%90.00%92.50%
Projected Dividends (M)66.2095.13127.53163.75204.14249.08263.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.74%6.74%6.74%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)88.2889.1289.96
Year 2 PV (M)109.85111.94114.05
Year 3 PV (M)130.90134.66138.48
Year 4 PV (M)151.45157.27163.26
Year 5 PV (M)171.50179.78188.38
PV of Terminal Value (M)4,856.975,091.565,335.13
Equity Value (M)5,508.945,764.336,029.27
Shares Outstanding (M)53.0053.0053.00
Fair Value$103.95$108.77$113.76
Upside / Downside88.99%97.75%106.84%

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