Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Valero Energy Corporation (VLO)

Company Dividend Discount ModelIndustry: Oil & Gas Refining & MarketingSector: Energy

Valuation Snapshot

Stable Growth$46.12 - $71.51$57.88
Multi-Stage$67.49 - $73.67$70.53
Blended Fair Value$64.20
Current Price$170.26
Upside-62.29%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.49%9.59%4.434.644.995.125.124.774.383.973.552.71
YoY Growth---4.68%-7.04%-2.50%0.13%7.24%8.98%10.23%11.79%31.01%53.07%
Dividend Yield--3.35%2.69%3.58%5.04%7.15%10.52%5.06%4.28%5.36%4.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,495.00
(-) Cash Dividends Paid (M)1,400.00
(=) Cash Retained (M)95.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)299.00186.88112.13
Cash Retained (M)95.0095.0095.00
(-) Cash Required (M)-299.00-186.88-112.13
(=) Excess Retained (M)-204.00-91.88-17.13
(/) Shares Outstanding (M)312.75312.75312.75
(=) Excess Retained per Share-0.65-0.29-0.05
LTM Dividend per Share4.484.484.48
(+) Excess Retained per Share-0.65-0.29-0.05
(=) Adjusted Dividend3.824.184.42
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate0.75%1.75%2.75%
Fair Value$46.12$57.88$71.51
Upside / Downside-72.91%-66.01%-58.00%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,495.001,521.091,547.631,574.641,602.121,630.081,678.98
Payout Ratio93.65%92.92%92.19%91.46%90.73%90.00%92.50%
Projected Dividends (M)1,400.001,413.341,426.721,440.141,453.591,467.071,553.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate0.75%1.75%2.75%
Year 1 PV (M)1,282.751,295.481,308.21
Year 2 PV (M)1,175.241,198.691,222.36
Year 3 PV (M)1,076.681,109.061,142.08
Year 4 PV (M)986.321,026.061,067.00
Year 5 PV (M)903.48949.22996.79
PV of Terminal Value (M)15,684.3916,478.4217,304.28
Equity Value (M)21,108.8522,056.9223,040.73
Shares Outstanding (M)312.75312.75312.75
Fair Value$67.49$70.53$73.67
Upside / Downside-60.36%-58.58%-56.73%

High-Yield Dividend Screener

« Prev Page 36 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603317.SSSichuan Teway Food Group Co.,Ltd4.37%$0.5599.52%
ATRUST.ATAlpha Trust Mutual Fund and Alternative Investment Fund Management S.A.4.37%$0.5666.75%
BAM-R.BKBangkok Commercial Asset Management Public Company Limited4.37%$0.3550.66%
BPP-R.BKBanpu Power Public Company Limited4.37%$0.5585.50%
CRR-UN.TOCrombie Real Estate Investment Trust4.37%$0.6776.03%
U14.SIUOL Group Limited4.37%$0.3828.25%
016710.KSDaesung Holdings Co., Ltd.4.36%$368.1823.51%
093050.KSLF Corp.4.36%$772.5624.62%
600285.SSHenan Lingrui Pharmaceutical Co., Ltd.4.36%$0.9064.11%
EMAARDEV.AEEmaar Development PJSC4.36%$0.6827.01%
EN.PABouygues S.A.4.36%$1.9772.18%
HWX.TOHeadwater Exploration Inc.4.36%$0.4257.78%
PIRC.MIPirelli & C. S.p.A.4.36%$0.2651.67%
ZWACK.BDZwack Unicum Nyrt.4.36%$1,500.0088.31%
000531.SZGuangzhou Hengyun Enterprises Holding Ltd4.35%$0.2868.19%
000538.SZYunnan Baiyao Group Co.,Ltd4.35%$2.4784.67%
4792.TYAMADA Consulting Group Co.,Ltd.4.35%$76.8861.51%
603165.SSZhejiang Rongsheng Environmental Protection Paper Joint Stock Co., Ltd.4.35%$0.5573.83%
SBFG3.SAGrupo SBF S.A.4.35%$0.5537.97%
000240.KSHankook & Company Co., Ltd.4.34%$1,090.2033.39%
WCP.TOWhitecap Resources Inc.4.34%$0.5168.17%
8595.TJAFCO Group Co., Ltd.4.33%$104.3181.02%
ADW-A.TOAndrew Peller Limited4.33%$0.2364.87%
ITRNIturan Location and Control Ltd.4.33%$1.8464.72%
MRG-UN.TOMorguard North American Residential Real Estate Investment Trust4.33%$0.7528.03%
SYNEX-R.BKSynnex (Thailand) Public Company Limited4.33%$0.4353.70%
002275.SZGuilin Sanjin Pharmaceutical Co., Ltd.4.32%$0.6168.51%
091700.KQPartron Co., Ltd.4.32%$299.9351.71%
000333.SZMidea Group Co., Ltd.4.31%$3.3757.37%
002460.KSHS Hwasung Co., Ltd.4.31%$499.9314.25%
002833.SZGuangzhou KDT Machinery Co.,Ltd.4.31%$0.7074.51%
1050.HKKarrie International Holdings Limited4.31%$0.1159.43%
2763.TFTGroup Co., Ltd.4.31%$55.3330.88%
SB1NO.OLSpareBank 1 Sørøst-Norge4.31%$8.5049.18%
018250.KSAekyung Industrial Co., Ltd.4.30%$579.5745.50%
300441.SZNingbo BaoSi Energy Equipment Co., Ltd.4.30%$0.3272.05%
4042.TTosoh Corporation4.30%$101.0478.91%
4261.SRTheeb Rent A Car Company4.30%$1.6436.96%
AVIA.JKPT Avia Avian Tbk4.30%$22.3878.99%
PREVA.ASValue8 N.V.4.30%$0.2111.56%
SONYN.MXSony Group Corporation4.30%$20.0110.30%
SYMC.BKSymphony Communication Public Company Limited4.30%$0.1542.26%
TOA.BKTOA Paint (Thailand) Public Company Limited4.30%$0.5846.29%
2546.TWKedge Construction Co., Ltd.4.29%$3.6945.15%
267290.KSKyungdong City Gas Co., Ltd4.29%$875.0617.76%
601168.SSWestern Mining Co.,Ltd.4.29%$1.1989.92%
INH.DEINDUS Holding AG4.29%$1.2259.56%
OSP-R.BKOsotspa Public Company Limited4.29%$0.6959.37%
PE1.AXPengana Private Equity Trust4.29%$0.0632.51%
003540.KSDaishin Securities Co., Ltd.4.28%$1,158.7444.30%