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Administradora de Fondos de Pensiones Habitat S.A. (HABITAT.SN)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$1,436.84 - $2,216.02$1,798.95
Multi-Stage$2,872.63 - $3,153.81$3,010.50
Blended Fair Value$2,404.72
Current Price$1,090.50
Upside120.52%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS13.05%0.00%119.97107.97119.97109.9730.5364.980.000.000.000.00
YoY Growth--11.11%-10.00%9.09%260.24%-53.02%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--10.91%12.26%22.64%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)154,999.90
(-) Cash Dividends Paid (M)110,000.00
(=) Cash Retained (M)44,999.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)30,999.9819,374.9911,624.99
Cash Retained (M)44,999.9044,999.9044,999.90
(-) Cash Required (M)-30,999.98-19,374.99-11,624.99
(=) Excess Retained (M)13,999.9225,624.9133,374.91
(/) Shares Outstanding (M)1,000.261,000.261,000.26
(=) Excess Retained per Share14.0025.6233.37
LTM Dividend per Share109.97109.97109.97
(+) Excess Retained per Share14.0025.6233.37
(=) Adjusted Dividend123.97135.59143.34
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate-1.40%-0.40%0.60%
Fair Value$1,436.84$1,798.95$2,216.02
Upside / Downside31.76%64.97%103.21%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)154,999.90154,383.92153,770.40153,159.31152,550.65151,944.41156,502.74
Payout Ratio70.97%74.77%78.58%82.39%86.19%90.00%92.50%
Projected Dividends (M)110,000.00115,439.39120,833.81126,183.54131,488.83136,749.97144,765.04

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate-1.40%-0.40%0.60%
Year 1 PV (M)106,694.60107,776.67108,858.74
Year 2 PV (M)103,220.35105,324.63107,450.15
Year 3 PV (M)99,624.92102,686.87105,810.92
Year 4 PV (M)95,949.4799,901.46103,974.28
Year 5 PV (M)92,229.4097,002.05101,970.27
PV of Terminal Value (M)2,375,656.962,498,591.582,626,563.60
Equity Value (M)2,873,375.713,011,283.273,154,627.96
Shares Outstanding (M)1,000.261,000.261,000.26
Fair Value$2,872.63$3,010.50$3,153.81
Upside / Downside163.42%176.07%189.21%

High-Yield Dividend Screener

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