Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ferrovial, S.A. (0P2N.L)

Company Dividend Discount ModelIndustry: Industrial - Infrastructure OperationsSector: Industrials

Valuation Snapshot

Stable Growth$60.17 - $101.78$78.33
Multi-Stage$185.80 - $205.09$195.25
Blended Fair Value$136.79
Current Price$28.88
Upside373.65%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.180.190.180.000.000.000.000.000.310.00
YoY Growth---4.41%3.03%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%0.00%
Dividend Yield--0.62%0.65%0.63%0.00%0.00%0.00%0.00%0.00%1.08%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,669.00
(-) Cash Dividends Paid (M)266.00
(=) Cash Retained (M)3,403.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)733.80458.63275.18
Cash Retained (M)3,403.003,403.003,403.00
(-) Cash Required (M)-733.80-458.63-275.18
(=) Excess Retained (M)2,669.202,944.383,127.83
(/) Shares Outstanding (M)726.22726.22726.22
(=) Excess Retained per Share3.684.054.31
LTM Dividend per Share0.370.370.37
(+) Excess Retained per Share3.684.054.31
(=) Adjusted Dividend4.044.424.67
WACC / Discount Rate4.99%4.99%4.99%
Growth Rate-1.61%-0.61%0.39%
Fair Value$60.17$78.33$101.78
Upside / Downside108.33%171.22%252.43%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,669.003,646.443,624.033,601.753,579.603,557.603,664.32
Payout Ratio7.25%23.80%40.35%56.90%73.45%90.00%92.50%
Projected Dividends (M)266.00867.851,462.292,049.392,629.223,201.843,389.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.99%4.99%4.99%
Growth Rate-1.61%-0.61%0.39%
Year 1 PV (M)818.25826.57834.89
Year 2 PV (M)1,299.931,326.491,353.31
Year 3 PV (M)1,717.721,770.631,824.62
Year 4 PV (M)2,077.762,163.532,251.93
Year 5 PV (M)2,385.672,509.402,638.21
PV of Terminal Value (M)126,633.28133,201.02140,038.49
Equity Value (M)134,932.60141,797.63148,941.45
Shares Outstanding (M)726.22726.22726.22
Fair Value$185.80$195.25$205.09
Upside / Downside543.35%576.09%610.15%

High-Yield Dividend Screener

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