Definitive Analysis
Definitive Analysis

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Sector

Björn Borg AB (publ) (BORG.ST)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$139.28 - $678.03$298.16
Multi-Stage$100.86 - $110.49$105.59
Blended Fair Value$201.87
Current Price$60.50
Upside233.67%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.45%7.18%3.002.002.501.500.002.002.002.002.001.50
YoY Growth--50.00%-20.00%66.66%0.00%-100.00%0.00%0.00%0.00%33.33%0.00%
Dividend Yield--5.75%3.85%6.68%3.09%0.00%18.55%7.94%8.18%5.42%4.72%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)86.73
(-) Cash Dividends Paid (M)37.72
(=) Cash Retained (M)49.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17.3510.846.50
Cash Retained (M)49.0149.0149.01
(-) Cash Required (M)-17.35-10.84-6.50
(=) Excess Retained (M)31.6638.1742.50
(/) Shares Outstanding (M)25.1525.1525.15
(=) Excess Retained per Share1.261.521.69
LTM Dividend per Share1.501.501.50
(+) Excess Retained per Share1.261.521.69
(=) Adjusted Dividend2.763.023.19
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate4.27%5.27%6.27%
Fair Value$139.28$298.16$678.03
Upside / Downside130.22%392.82%1,020.71%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)86.7391.3096.11101.18106.51112.12115.49
Payout Ratio43.49%52.80%62.10%71.40%80.70%90.00%92.50%
Projected Dividends (M)37.7248.2059.6872.2485.95100.91106.83

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate4.27%5.27%6.27%
Year 1 PV (M)44.9045.3345.76
Year 2 PV (M)51.7952.7853.79
Year 3 PV (M)58.3960.0861.81
Year 4 PV (M)64.7167.2369.82
Year 5 PV (M)70.7774.2277.82
PV of Terminal Value (M)2,245.882,355.662,469.70
Equity Value (M)2,536.432,655.312,778.69
Shares Outstanding (M)25.1525.1525.15
Fair Value$100.86$105.59$110.49
Upside / Downside66.71%74.52%82.63%

High-Yield Dividend Screener

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