Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

E.on Se (EOAN.DE)

Company Dividend Discount ModelIndustry: Diversified UtilitiesSector: Utilities

Valuation Snapshot

Stable Growth$97.22 - $228.43$214.07
Multi-Stage$33.93 - $37.12$35.50
Blended Fair Value$124.78
Current Price$16.02
Upside678.92%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.23%5.12%0.530.510.490.470.460.360.250.130.370.27
YoY Growth--3.98%4.15%4.33%2.17%28.65%43.38%88.41%-64.65%38.24%-15.95%
Dividend Yield--3.79%3.99%4.25%4.45%4.63%3.78%2.53%1.46%5.01%3.68%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,001.00
(-) Cash Dividends Paid (M)1,437.00
(=) Cash Retained (M)1,564.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)600.20375.13225.08
Cash Retained (M)1,564.001,564.001,564.00
(-) Cash Required (M)-600.20-375.13-225.08
(=) Excess Retained (M)963.801,188.881,338.93
(/) Shares Outstanding (M)2,612.752,612.752,612.75
(=) Excess Retained per Share0.370.460.51
LTM Dividend per Share0.550.550.55
(+) Excess Retained per Share0.370.460.51
(=) Adjusted Dividend0.921.011.06
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate5.50%6.50%7.50%
Fair Value$97.22$214.07$228.43
Upside / Downside506.84%1,236.27%1,325.89%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,001.003,196.073,403.813,625.063,860.694,111.634,234.98
Payout Ratio47.88%56.31%64.73%73.15%81.58%90.00%92.50%
Projected Dividends (M)1,437.001,799.622,203.302,651.863,149.423,700.473,917.36

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,673.961,689.821,705.69
Year 2 PV (M)1,906.351,942.661,979.32
Year 3 PV (M)2,134.252,195.512,257.94
Year 4 PV (M)2,357.712,448.382,541.64
Year 5 PV (M)2,576.802,701.262,830.48
PV of Terminal Value (M)78,000.9381,768.4085,680.06
Equity Value (M)88,649.9992,746.0496,995.14
Shares Outstanding (M)2,612.752,612.752,612.75
Fair Value$33.93$35.50$37.12
Upside / Downside111.80%121.58%131.73%

High-Yield Dividend Screener

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