Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Wihlborgs Fastigheter AB (publ) (WIHL.ST)

Company Dividend Discount ModelIndustry: Real Estate - ServicesSector: Real Estate

Valuation Snapshot

Stable Growth$662.00 - $1,442.59$1,351.92
Multi-Stage$218.44 - $239.05$228.55
Blended Fair Value$790.24
Current Price$92.05
Upside758.49%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.94%11.46%3.153.103.002.632.251.871.561.441.311.19
YoY Growth--1.57%3.36%14.25%16.62%20.14%20.00%8.60%9.68%10.41%11.62%
Dividend Yield--3.19%3.20%3.78%5.32%5.43%5.42%4.85%5.95%6.17%5.51%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,230.00
(-) Cash Dividends Paid (M)984.00
(=) Cash Retained (M)1,246.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)446.00278.75167.25
Cash Retained (M)1,246.001,246.001,246.00
(-) Cash Required (M)-446.00-278.75-167.25
(=) Excess Retained (M)800.00967.251,078.75
(/) Shares Outstanding (M)307.43307.43307.43
(=) Excess Retained per Share2.603.153.51
LTM Dividend per Share3.203.203.20
(+) Excess Retained per Share2.603.153.51
(=) Adjusted Dividend5.806.356.71
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate5.50%6.50%7.50%
Fair Value$662.00$1,351.92$1,442.59
Upside / Downside619.17%1,368.68%1,467.18%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,230.002,374.952,529.322,693.732,868.823,055.293,146.95
Payout Ratio44.13%53.30%62.48%71.65%80.83%90.00%92.50%
Projected Dividends (M)984.001,265.861,580.201,930.062,318.732,749.762,910.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,178.271,189.441,200.61
Year 2 PV (M)1,369.091,395.171,421.49
Year 3 PV (M)1,556.511,601.191,646.72
Year 4 PV (M)1,740.561,807.501,876.35
Year 5 PV (M)1,921.302,014.102,110.45
PV of Terminal Value (M)59,387.7062,256.1565,234.38
Equity Value (M)67,153.4470,263.5573,490.00
Shares Outstanding (M)307.43307.43307.43
Fair Value$218.44$228.55$239.05
Upside / Downside137.30%148.29%159.69%

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