Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Rede D'Or São Luiz S.A. (RDOR3.SA)

Company Dividend Discount ModelIndustry: Medical - Care FacilitiesSector: Healthcare

Valuation Snapshot

Stable Growth$87.33 - $399.63$198.76
Multi-Stage$45.90 - $50.19$48.00
Blended Fair Value$123.38
Current Price$42.08
Upside193.21%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS155.01%19.73%0.620.380.321.390.010.010.570.440.060.00
YoY Growth--62.64%21.94%-77.33%9,406.35%152.27%-98.99%29.60%679.63%1,335.40%-96.18%
Dividend Yield--2.22%1.56%1.55%2.95%0.02%0.01%0.99%0.77%0.10%0.01%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,441.00
(-) Cash Dividends Paid (M)1,694.28
(=) Cash Retained (M)2,746.72
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)888.20555.12333.07
Cash Retained (M)2,746.722,746.722,746.72
(-) Cash Required (M)-888.20-555.12-333.07
(=) Excess Retained (M)1,858.522,191.592,413.64
(/) Shares Outstanding (M)2,210.062,210.062,210.06
(=) Excess Retained per Share0.840.991.09
LTM Dividend per Share0.770.770.77
(+) Excess Retained per Share0.840.991.09
(=) Adjusted Dividend1.611.761.86
WACC / Discount Rate7.44%7.44%7.44%
Growth Rate5.50%6.50%7.50%
Fair Value$87.33$198.76$399.63
Upside / Downside107.52%372.34%849.69%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,441.004,729.665,037.095,364.505,713.206,084.556,267.09
Payout Ratio38.15%48.52%58.89%69.26%79.63%90.00%92.50%
Projected Dividends (M)1,694.282,294.872,966.373,715.474,549.435,476.105,797.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.44%7.44%7.44%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,115.852,135.912,155.96
Year 2 PV (M)2,521.632,569.662,618.15
Year 3 PV (M)2,912.052,995.653,080.82
Year 4 PV (M)3,287.533,413.963,544.00
Year 5 PV (M)3,648.493,824.714,007.68
PV of Terminal Value (M)86,947.7991,147.4095,507.74
Equity Value (M)101,433.34106,087.29110,914.35
Shares Outstanding (M)2,210.062,210.062,210.06
Fair Value$45.90$48.00$50.19
Upside / Downside9.07%14.07%19.26%

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