Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Bilfinger SE (GBF.DE)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$798.64 - $941.69$882.15
Multi-Stage$513.04 - $565.10$538.56
Blended Fair Value$710.36
Current Price$81.65
Upside770.00%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.87%-6.52%1.791.295.152.090.191.071.121.170.002.35
YoY Growth--38.89%-74.91%146.75%975.34%-81.89%-4.05%-4.98%0.00%-100.00%-33.23%
Dividend Yield--2.71%3.01%13.17%6.04%0.62%6.97%3.53%3.17%0.00%6.34%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)185.80
(-) Cash Dividends Paid (M)107.70
(=) Cash Retained (M)78.10
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)37.1623.2313.94
Cash Retained (M)78.1078.1078.10
(-) Cash Required (M)-37.16-23.23-13.94
(=) Excess Retained (M)40.9454.8864.17
(/) Shares Outstanding (M)37.6337.6337.63
(=) Excess Retained per Share1.091.461.71
LTM Dividend per Share2.862.862.86
(+) Excess Retained per Share1.091.461.71
(=) Adjusted Dividend3.954.324.57
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate1.09%2.09%3.09%
Fair Value$798.64$882.15$941.69
Upside / Downside878.12%980.40%1,053.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)185.80189.68193.64197.68201.81206.02212.20
Payout Ratio57.97%64.37%70.78%77.19%83.59%90.00%92.50%
Projected Dividends (M)107.70122.10137.06152.58168.70185.42196.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate1.09%2.09%3.09%
Year 1 PV (M)120.75121.94123.14
Year 2 PV (M)134.04136.70139.39
Year 3 PV (M)147.57151.99156.50
Year 4 PV (M)161.35167.83174.50
Year 5 PV (M)175.38184.23193.43
PV of Terminal Value (M)18,565.9719,502.6320,476.72
Equity Value (M)19,305.0620,265.3321,263.69
Shares Outstanding (M)37.6337.6337.63
Fair Value$513.04$538.56$565.10
Upside / Downside528.35%559.60%592.10%

High-Yield Dividend Screener

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