Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

VIEL & Cie, S.A. (VIL.PA)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$237.19 - $612.63$574.12
Multi-Stage$86.26 - $94.49$90.30
Blended Fair Value$332.21
Current Price$15.30
Upside2,071.31%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.91%19.61%0.380.340.290.280.250.260.220.190.170.16
YoY Growth--13.20%15.18%5.64%11.01%-4.28%18.36%16.24%13.52%5.07%149.55%
Dividend Yield--3.33%3.98%4.98%4.78%4.22%5.57%5.27%3.55%3.86%4.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)202.46
(-) Cash Dividends Paid (M)25.20
(=) Cash Retained (M)177.27
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)40.4925.3115.18
Cash Retained (M)177.27177.27177.27
(-) Cash Required (M)-40.49-25.31-15.18
(=) Excess Retained (M)136.77151.96162.08
(/) Shares Outstanding (M)65.7265.7265.72
(=) Excess Retained per Share2.082.312.47
LTM Dividend per Share0.380.380.38
(+) Excess Retained per Share2.082.312.47
(=) Adjusted Dividend2.462.702.85
WACC / Discount Rate6.60%6.60%6.60%
Growth Rate5.50%6.50%7.50%
Fair Value$237.19$574.12$612.63
Upside / Downside1,450.29%3,652.42%3,904.09%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)202.46215.62229.64244.56260.46277.39285.71
Payout Ratio12.44%27.96%43.47%58.98%74.49%90.00%92.50%
Projected Dividends (M)25.2060.2899.82144.24194.01249.65264.28

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.60%6.60%6.60%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)56.0256.5557.08
Year 2 PV (M)86.2087.8489.50
Year 3 PV (M)115.76119.08122.47
Year 4 PV (M)144.70150.27155.99
Year 5 PV (M)173.04181.40190.07
PV of Terminal Value (M)5,093.845,339.875,595.32
Equity Value (M)5,669.565,935.026,210.44
Shares Outstanding (M)65.7265.7265.72
Fair Value$86.26$90.30$94.49
Upside / Downside463.81%490.20%517.59%

High-Yield Dividend Screener

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