Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Procter & Gamble Hygiene and Health Care Limited (PGHH.BO)

Company Dividend Discount ModelIndustry: Household & Personal ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$4,140.22 - $8,804.17$5,883.10
Multi-Stage$3,150.16 - $3,433.58$3,289.33
Blended Fair Value$4,586.22
Current Price$14,145.00
Upside-67.58%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS28.79%22.25%205.00265.00145.00175.00340.0157.8796.4532.50479.0430.25
YoY Growth---22.64%82.76%-17.14%-48.53%487.56%-40.00%196.81%-93.22%1,483.64%9.99%
Dividend Yield--1.45%1.59%0.81%1.26%2.42%0.58%0.80%0.34%5.66%0.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)7,141.20
(-) Cash Dividends Paid (M)3,570.80
(=) Cash Retained (M)3,570.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,428.24892.65535.59
Cash Retained (M)3,570.403,570.403,570.40
(-) Cash Required (M)-1,428.24-892.65-535.59
(=) Excess Retained (M)2,142.162,677.753,034.81
(/) Shares Outstanding (M)32.4632.4632.46
(=) Excess Retained per Share65.9982.4993.49
LTM Dividend per Share110.00110.00110.00
(+) Excess Retained per Share65.9982.4993.49
(=) Adjusted Dividend176.00192.50203.50
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.50%6.50%7.50%
Fair Value$4,140.22$5,883.10$8,804.17
Upside / Downside-70.73%-58.41%-37.76%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7,141.207,605.388,099.738,626.219,186.919,784.0610,077.58
Payout Ratio50.00%58.00%66.00%74.00%82.00%90.00%92.50%
Projected Dividends (M)3,570.804,411.295,345.966,383.497,533.328,805.669,321.77

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)3,973.164,010.824,048.48
Year 2 PV (M)4,336.774,419.374,502.75
Year 3 PV (M)4,664.124,798.014,934.44
Year 4 PV (M)4,957.565,148.225,344.32
Year 5 PV (M)5,219.325,471.425,733.16
PV of Terminal Value (M)79,104.3982,925.1686,892.16
Equity Value (M)102,255.32106,773.00111,455.31
Shares Outstanding (M)32.4632.4632.46
Fair Value$3,150.16$3,289.33$3,433.58
Upside / Downside-77.73%-76.75%-75.73%

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