Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Israel Corporation Ltd (ILCO.TA)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$163.80 - $241.48$201.06
Multi-Stage$245.93 - $269.96$257.71
Blended Fair Value$229.39
Current Price$312.11
Upside-26.50%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%4.930.0010.400.000.000.0016.000.000.0040.00
YoY Growth--0.00%-100.00%0.00%0.00%0.00%-100.00%0.00%0.00%-100.00%0.00%
Dividend Yield--1.85%0.00%3.18%0.00%0.00%0.00%7.02%0.00%0.00%26.72%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)155.00
(-) Cash Dividends Paid (M)37.00
(=) Cash Retained (M)118.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)31.0019.3811.63
Cash Retained (M)118.00118.00118.00
(-) Cash Required (M)-31.00-19.38-11.63
(=) Excess Retained (M)87.0098.63106.38
(/) Shares Outstanding (M)7.507.507.50
(=) Excess Retained per Share11.6013.1514.18
LTM Dividend per Share4.934.934.93
(+) Excess Retained per Share11.6013.1514.18
(=) Adjusted Dividend16.5318.0819.12
WACC / Discount Rate9.14%9.14%9.14%
Growth Rate-0.87%0.13%1.13%
Fair Value$163.80$201.06$241.48
Upside / Downside-47.52%-35.58%-22.63%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)155.00155.21155.42155.63155.84156.05160.73
Payout Ratio23.87%37.10%50.32%63.55%76.77%90.00%92.50%
Projected Dividends (M)37.0057.5878.2198.90119.64140.44148.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.14%9.14%9.14%
Growth Rate-0.87%0.13%1.13%
Year 1 PV (M)52.2352.7653.28
Year 2 PV (M)64.3565.6666.98
Year 3 PV (M)73.8276.0778.37
Year 4 PV (M)81.0084.3287.74
Year 5 PV (M)86.2590.6995.31
PV of Terminal Value (M)1,486.901,563.421,643.06
Equity Value (M)1,844.551,932.922,024.75
Shares Outstanding (M)7.507.507.50
Fair Value$245.93$257.71$269.96
Upside / Downside-21.20%-17.43%-13.51%

High-Yield Dividend Screener

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