Definitive Analysis
Definitive Analysis

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Ticker

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Sector

WashTec AG (WSU.DE)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$34.19 - $59.98$45.17
Multi-Stage$61.96 - $67.93$64.89
Blended Fair Value$55.03
Current Price$38.50
Upside42.93%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-2.13%12.69%2.202.202.900.990.002.452.452.101.701.72
YoY Growth--0.00%-24.14%192.95%0.00%-100.00%0.00%16.67%23.53%-1.04%157.80%
Dividend Yield--5.64%5.64%7.11%2.06%0.00%6.78%3.48%2.71%2.99%4.70%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)34.73
(-) Cash Dividends Paid (M)32.12
(=) Cash Retained (M)2.61
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.954.342.60
Cash Retained (M)2.612.612.61
(-) Cash Required (M)-6.95-4.34-2.60
(=) Excess Retained (M)-4.33-1.730.01
(/) Shares Outstanding (M)13.3813.3813.38
(=) Excess Retained per Share-0.32-0.130.00
LTM Dividend per Share2.402.402.40
(+) Excess Retained per Share-0.32-0.130.00
(=) Adjusted Dividend2.082.272.40
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate0.44%1.44%2.44%
Fair Value$34.19$45.17$59.98
Upside / Downside-11.21%17.32%55.79%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)34.7335.2335.7436.2536.7837.3038.42
Payout Ratio92.47%91.98%91.48%90.99%90.49%90.00%92.50%
Projected Dividends (M)32.1232.4132.7032.9933.2833.5735.54

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate0.44%1.44%2.44%
Year 1 PV (M)30.1230.4230.72
Year 2 PV (M)28.2428.8029.38
Year 3 PV (M)26.4827.2828.09
Year 4 PV (M)24.8325.8326.86
Year 5 PV (M)23.2824.4625.69
PV of Terminal Value (M)696.18731.53768.31
Equity Value (M)829.12868.32909.05
Shares Outstanding (M)13.3813.3813.38
Fair Value$61.96$64.89$67.93
Upside / Downside60.93%68.53%76.44%

High-Yield Dividend Screener

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