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Poujoulat S.A. (ALPJT.PA)

Company Dividend Discount ModelIndustry: ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$98.97 - $284.27$266.40
Multi-Stage$39.29 - $42.99$41.10
Blended Fair Value$153.75
Current Price$10.30
Upside1,392.76%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS14.40%1.01%0.200.320.230.150.100.100.130.100.100.15
YoY Growth---38.03%41.18%50.69%48.59%0.00%-21.17%25.73%0.13%-32.94%-15.22%
Dividend Yield--1.92%1.88%0.90%0.74%1.16%1.89%1.47%0.99%1.04%1.90%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)11.07
(-) Cash Dividends Paid (M)4.00
(=) Cash Retained (M)7.07
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.211.380.83
Cash Retained (M)7.077.077.07
(-) Cash Required (M)-2.21-1.38-0.83
(=) Excess Retained (M)4.855.686.24
(/) Shares Outstanding (M)7.757.757.75
(=) Excess Retained per Share0.630.730.81
LTM Dividend per Share0.520.520.52
(+) Excess Retained per Share0.630.730.81
(=) Adjusted Dividend1.141.251.32
WACC / Discount Rate6.72%6.72%6.72%
Growth Rate5.50%6.50%7.50%
Fair Value$98.97$266.40$284.27
Upside / Downside860.86%2,486.44%2,659.91%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)11.0711.7912.5613.3814.2515.1715.63
Payout Ratio36.16%46.93%57.70%68.46%79.23%90.00%92.50%
Projected Dividends (M)4.005.537.259.1611.2913.6514.45

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.72%6.72%6.72%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)5.145.195.23
Year 2 PV (M)6.246.366.48
Year 3 PV (M)7.327.537.75
Year 4 PV (M)8.388.709.03
Year 5 PV (M)9.419.8610.34
PV of Terminal Value (M)267.84280.78294.21
Equity Value (M)304.33318.42333.04
Shares Outstanding (M)7.757.757.75
Fair Value$39.29$41.10$42.99
Upside / Downside281.41%299.08%317.40%

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