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Kallebäck Property Invest AB (publ) (KAPIAB.ST)

Company Dividend Discount ModelIndustry: Real Estate - ServicesSector: Real Estate

Valuation Snapshot

Stable Growth$312.54 - $556.60$415.41
Multi-Stage$568.81 - $623.76$595.76
Blended Fair Value$505.58
Current Price$197.50
Upside155.99%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.76%0.00%12.0012.0012.0012.0012.0011.0010.0010.0010.007.50
YoY Growth--0.00%0.00%0.00%0.00%9.09%10.00%0.00%0.00%33.33%0.00%
Dividend Yield--6.82%7.14%6.61%5.82%7.06%5.88%6.54%7.35%8.00%6.58%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)84.00
(-) Cash Dividends Paid (M)76.65
(=) Cash Retained (M)7.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)16.8010.506.30
Cash Retained (M)7.357.357.35
(-) Cash Required (M)-16.80-10.50-6.30
(=) Excess Retained (M)-9.45-3.151.05
(/) Shares Outstanding (M)3.653.653.65
(=) Excess Retained per Share-2.59-0.860.29
LTM Dividend per Share21.0021.0021.00
(+) Excess Retained per Share-2.59-0.860.29
(=) Adjusted Dividend18.4120.1421.29
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate0.51%1.51%2.51%
Fair Value$312.54$415.41$556.60
Upside / Downside58.25%110.33%181.82%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)84.0085.2786.5587.8589.1790.5293.23
Payout Ratio91.25%91.00%90.75%90.50%90.25%90.00%92.50%
Projected Dividends (M)76.6577.5978.5479.5180.4881.4786.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate0.51%1.51%2.51%
Year 1 PV (M)72.1972.9173.62
Year 2 PV (M)67.9969.3570.72
Year 3 PV (M)64.0365.9667.93
Year 4 PV (M)60.3062.7365.24
Year 5 PV (M)56.7959.6762.67
PV of Terminal Value (M)1,754.981,844.041,936.68
Equity Value (M)2,076.262,174.652,276.86
Shares Outstanding (M)3.653.653.65
Fair Value$568.81$595.76$623.76
Upside / Downside188.00%201.65%215.83%

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