Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Patels Airtemp (India) Limited (PATELSAI.BO)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$404.91 - $861.31$575.43
Multi-Stage$291.00 - $318.08$304.29
Blended Fair Value$439.86
Current Price$324.00
Upside35.76%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS1.44%2.03%3.003.002.602.322.322.792.792.792.452.45
YoY Growth--0.00%15.59%12.00%0.00%-17.05%0.16%0.00%13.64%0.00%0.00%
Dividend Yield--0.62%0.42%1.06%1.12%1.29%2.76%2.94%1.99%1.30%1.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)117.66
(-) Cash Dividends Paid (M)8.21
(=) Cash Retained (M)109.45
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)23.5314.718.82
Cash Retained (M)109.45109.45109.45
(-) Cash Required (M)-23.53-14.71-8.82
(=) Excess Retained (M)85.9294.74100.63
(/) Shares Outstanding (M)5.475.475.47
(=) Excess Retained per Share15.7117.3218.39
LTM Dividend per Share1.501.501.50
(+) Excess Retained per Share15.7117.3218.39
(=) Adjusted Dividend17.2118.8219.89
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.50%6.50%7.50%
Fair Value$404.91$575.43$861.31
Upside / Downside24.97%77.60%165.83%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)117.66125.30133.45142.12151.36161.20166.03
Payout Ratio6.97%23.58%40.18%56.79%73.39%90.00%92.50%
Projected Dividends (M)8.2129.5553.6280.71111.09145.08153.58

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)26.6126.8627.12
Year 2 PV (M)43.5044.3345.17
Year 3 PV (M)58.9760.6762.39
Year 4 PV (M)73.1175.9278.81
Year 5 PV (M)86.0090.1594.46
PV of Terminal Value (M)1,303.701,366.671,432.05
Equity Value (M)1,591.901,664.611,740.01
Shares Outstanding (M)5.475.475.47
Fair Value$291.00$304.29$318.08
Upside / Downside-10.18%-6.08%-1.83%

High-Yield Dividend Screener

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