Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Aksa Enerji Üretim A.S. (AKSEN.IS)

Company Dividend Discount ModelIndustry: Renewable UtilitiesSector: Utilities

Valuation Snapshot

Stable Growth$114.46 - $322.64$302.36
Multi-Stage$43.90 - $48.10$45.96
Blended Fair Value$174.16
Current Price$37.28
Upside367.17%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%1.511.170.570.000.000.000.000.000.000.00
YoY Growth--29.41%104.24%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%
Dividend Yield--4.39%3.42%2.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,987.97
(-) Cash Dividends Paid (M)109.01
(=) Cash Retained (M)1,878.96
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)397.59248.50149.10
Cash Retained (M)1,878.961,878.961,878.96
(-) Cash Required (M)-397.59-248.50-149.10
(=) Excess Retained (M)1,481.371,630.461,729.86
(/) Shares Outstanding (M)1,225.391,225.391,225.39
(=) Excess Retained per Share1.211.331.41
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share1.211.331.41
(=) Adjusted Dividend1.301.421.50
WACC / Discount Rate6.70%6.70%6.70%
Growth Rate5.50%6.50%7.50%
Fair Value$114.46$302.36$322.64
Upside / Downside207.04%711.05%765.45%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,987.972,117.192,254.802,401.372,557.452,723.692,805.40
Payout Ratio5.48%22.39%39.29%56.19%73.10%90.00%92.50%
Projected Dividends (M)109.01473.97885.911,349.411,869.412,451.322,594.99

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.70%6.70%6.70%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)440.05444.22448.39
Year 2 PV (M)763.66778.20792.89
Year 3 PV (M)1,079.951,110.951,142.54
Year 4 PV (M)1,389.061,442.481,497.42
Year 5 PV (M)1,691.101,772.781,857.59
PV of Terminal Value (M)48,433.8250,773.1953,202.10
Equity Value (M)53,797.6456,321.8358,940.93
Shares Outstanding (M)1,225.391,225.391,225.39
Fair Value$43.90$45.96$48.10
Upside / Downside17.76%23.29%29.02%

High-Yield Dividend Screener

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