Definitive Analysis
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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Visteon Corporation (VC)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$73.95 - $105.02$89.26
Multi-Stage$108.66 - $119.52$113.99
Blended Fair Value$101.62
Current Price$119.86
Upside-15.21%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.000.000.000.000.000.500.0462.610.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%-100.00%1,300.00%-99.94%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%0.00%0.00%0.00%0.71%0.03%63.93%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)309.00
(-) Cash Dividends Paid (M)8.00
(=) Cash Retained (M)301.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)61.8038.6323.18
Cash Retained (M)301.00301.00301.00
(-) Cash Required (M)-61.80-38.63-23.18
(=) Excess Retained (M)239.20262.38277.83
(/) Shares Outstanding (M)27.7327.7327.73
(=) Excess Retained per Share8.639.4610.02
LTM Dividend per Share0.290.290.29
(+) Excess Retained per Share8.639.4610.02
(=) Adjusted Dividend8.929.7510.31
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate-2.00%-1.00%0.00%
Fair Value$73.95$89.26$105.02
Upside / Downside-38.30%-25.53%-12.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)309.00305.91302.85299.82296.82293.86302.67
Payout Ratio2.59%20.07%37.55%55.04%72.52%90.00%92.50%
Projected Dividends (M)8.0061.40113.73165.01215.25264.47279.97

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)55.3555.9156.48
Year 2 PV (M)92.4194.3196.22
Year 3 PV (M)120.86124.60128.41
Year 4 PV (M)142.12148.01154.08
Year 5 PV (M)157.40165.60174.13
PV of Terminal Value (M)2,444.592,571.892,704.43
Equity Value (M)3,012.733,160.313,313.75
Shares Outstanding (M)27.7327.7327.73
Fair Value$108.66$113.99$119.52
Upside / Downside-9.34%-4.90%-0.28%

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