Definitive Analysis
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Definitive Analysis

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Ticker

Industry

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Edisun Power Europe AG (0QQT.L)

Company Dividend Discount ModelIndustry: Renewable UtilitiesSector: Utilities

Valuation Snapshot

Stable Growth$1,700.96 - $3,981.92$3,731.64
Multi-Stage$576.58 - $631.73$603.65
Blended Fair Value$2,167.65
Current Price$53.00
Upside3,989.90%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS28.03%0.00%1.681.581.091.091.090.490.290.000.000.00
YoY Growth--6.28%45.48%0.00%0.00%122.46%66.78%0.00%0.00%0.00%0.00%
Dividend Yield--4.13%1.44%0.93%0.85%0.94%0.37%0.42%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)21.02
(-) Cash Dividends Paid (M)1.76
(=) Cash Retained (M)19.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.202.631.58
Cash Retained (M)19.2619.2619.26
(-) Cash Required (M)-4.20-2.63-1.58
(=) Excess Retained (M)15.0516.6317.68
(/) Shares Outstanding (M)1.051.051.05
(=) Excess Retained per Share14.3415.8416.84
LTM Dividend per Share1.681.681.68
(+) Excess Retained per Share14.3415.8416.84
(=) Adjusted Dividend16.0217.5218.52
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate5.50%6.50%7.50%
Fair Value$1,700.96$3,731.64$3,981.92
Upside / Downside3,109.37%6,940.84%7,413.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)21.0222.3823.8425.3927.0428.7929.66
Payout Ratio8.38%24.70%41.03%57.35%73.68%90.00%92.50%
Projected Dividends (M)1.765.539.7814.5619.9225.9127.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)5.145.195.24
Year 2 PV (M)8.468.628.79
Year 3 PV (M)11.7212.0612.40
Year 4 PV (M)14.9115.4916.08
Year 5 PV (M)18.0518.9219.83
PV of Terminal Value (M)546.91573.33600.76
Equity Value (M)605.20633.61663.08
Shares Outstanding (M)1.051.051.05
Fair Value$576.58$603.65$631.73
Upside / Downside987.89%1,038.95%1,091.94%

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