Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Metalúrgica Riosulense S.A. (RSUL4.SA)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$875.80 - $2,145.55$2,010.69
Multi-Stage$312.39 - $341.91$326.88
Blended Fair Value$1,168.79
Current Price$64.35
Upside1,716.30%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%1.931.420.590.000.000.000.000.000.000.00
YoY Growth--36.32%140.65%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.74%1.82%0.92%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)65.50
(-) Cash Dividends Paid (M)24.14
(=) Cash Retained (M)41.37
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13.108.194.91
Cash Retained (M)41.3741.3741.37
(-) Cash Required (M)-13.10-8.19-4.91
(=) Excess Retained (M)28.2733.1836.46
(/) Shares Outstanding (M)6.076.076.07
(=) Excess Retained per Share4.665.466.00
LTM Dividend per Share3.983.983.98
(+) Excess Retained per Share4.665.466.00
(=) Adjusted Dividend8.639.449.98
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$875.80$2,010.69$2,145.55
Upside / Downside1,260.99%3,024.62%3,234.19%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)65.5069.7674.3079.1284.2789.7492.44
Payout Ratio36.85%47.48%58.11%68.74%79.37%90.00%92.50%
Projected Dividends (M)24.1433.1243.1754.3966.8880.7785.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)30.8031.0931.38
Year 2 PV (M)37.3238.0338.75
Year 3 PV (M)43.7244.9846.25
Year 4 PV (M)49.9951.9153.89
Year 5 PV (M)56.1358.8461.66
PV of Terminal Value (M)1,678.741,759.821,844.01
Equity Value (M)1,896.701,984.672,075.94
Shares Outstanding (M)6.076.076.07
Fair Value$312.39$326.88$341.91
Upside / Downside385.45%407.97%431.33%

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