Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Visteon Corporation (VC)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$73.92 - $104.97$89.22
Multi-Stage$108.58 - $119.43$113.90
Blended Fair Value$101.56
Current Price$119.86
Upside-15.27%
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$73.92$89.22$104.97
Upside / Downside-38.33%-25.56%-12.42%

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)55.3455.9156.47
Year 2 PV (M)92.4094.3096.21
Year 3 PV (M)120.84124.58128.39
Year 4 PV (M)142.09147.98154.05
Year 5 PV (M)157.36165.56174.09
PV of Terminal Value (M)2,442.312,569.492,701.91
Equity Value (M)3,010.363,157.813,311.13
Shares Outstanding (M)27.7327.7327.73
Fair Value$108.58$113.90$119.43
Upside / Downside-9.41%-4.97%-0.36%

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