Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Mevaco S.A. (MEVA.AT)

Company Dividend Discount ModelIndustry: SteelSector: Basic Materials

Valuation Snapshot

Stable Growth$108.26 - $216.84$203.21
Multi-Stage$32.94 - $36.09$34.48
Blended Fair Value$118.85
Current Price$6.05
Upside1,864.39%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%74.43%0.150.120.000.000.000.000.000.040.000.00
YoY Growth--22.93%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%-100.00%-99.75%
Dividend Yield--3.59%3.13%0.00%0.00%0.00%0.00%0.00%3.88%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)11.45
(-) Cash Dividends Paid (M)1.55
(=) Cash Retained (M)9.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.291.430.86
Cash Retained (M)9.909.909.90
(-) Cash Required (M)-2.29-1.43-0.86
(=) Excess Retained (M)7.618.479.04
(/) Shares Outstanding (M)10.5010.5010.50
(=) Excess Retained per Share0.730.810.86
LTM Dividend per Share0.150.150.15
(+) Excess Retained per Share0.730.810.86
(=) Adjusted Dividend0.870.951.01
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate5.50%6.50%7.50%
Fair Value$108.26$203.21$216.84
Upside / Downside1,689.38%3,258.83%3,484.11%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)11.4512.1912.9813.8314.7315.6916.16
Payout Ratio13.50%28.80%44.10%59.40%74.70%90.00%92.50%
Projected Dividends (M)1.553.515.738.2111.0014.1214.94

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)3.273.303.33
Year 2 PV (M)4.975.065.16
Year 3 PV (M)6.646.837.02
Year 4 PV (M)8.288.608.93
Year 5 PV (M)9.9010.3810.87
PV of Terminal Value (M)312.78327.89343.58
Equity Value (M)345.84362.06378.89
Shares Outstanding (M)10.5010.5010.50
Fair Value$32.94$34.48$36.09
Upside / Downside444.42%469.96%496.45%

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