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Bisalloy Steel Group Limited (BIS.AX)

Company Dividend Discount ModelIndustry: SteelSector: Basic Materials

Valuation Snapshot

Stable Growth$72.36 - $144.87$135.77
Multi-Stage$22.99 - $25.13$24.04
Blended Fair Value$79.90
Current Price$3.69
Upside2,065.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS60.28%47.33%0.320.280.110.100.040.030.030.030.030.04
YoY Growth--16.60%146.53%16.98%171.87%15.69%-7.77%22.86%-1.96%-32.74%509.91%
Dividend Yield--8.70%6.78%6.28%5.65%2.93%3.26%3.29%3.08%6.67%10.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)35.32
(-) Cash Dividends Paid (M)28.92
(=) Cash Retained (M)6.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7.064.422.65
Cash Retained (M)6.406.406.40
(-) Cash Required (M)-7.06-4.42-2.65
(=) Excess Retained (M)-0.661.983.75
(/) Shares Outstanding (M)48.4948.4948.49
(=) Excess Retained per Share-0.010.040.08
LTM Dividend per Share0.600.600.60
(+) Excess Retained per Share-0.010.040.08
(=) Adjusted Dividend0.580.640.67
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate5.50%6.50%7.50%
Fair Value$72.36$135.77$144.87
Upside / Downside1,861.09%3,579.35%3,826.12%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)35.3237.6240.0642.6745.4448.3949.84
Payout Ratio81.88%83.50%85.13%86.75%88.38%90.00%92.50%
Projected Dividends (M)28.9231.4134.1037.0140.1643.5546.11

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)29.2629.5429.81
Year 2 PV (M)29.5930.1530.72
Year 3 PV (M)29.9130.7731.65
Year 4 PV (M)30.2331.3932.59
Year 5 PV (M)30.5432.0133.55
PV of Terminal Value (M)965.161,011.771,060.18
Equity Value (M)1,114.691,165.641,218.49
Shares Outstanding (M)48.4948.4948.49
Fair Value$22.99$24.04$25.13
Upside / Downside523.02%551.50%581.04%

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