Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Bachem Holding AG (0QND.L)

Company Dividend Discount ModelIndustry: Medical - PharmaceuticalsSector: Healthcare

Valuation Snapshot

Stable Growth$115.74 - $656.41$218.61
Multi-Stage$67.77 - $74.07$70.86
Blended Fair Value$144.74
Current Price$58.00
Upside149.55%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS16.99%9.75%0.800.750.690.270.560.360.360.320.270.23
YoY Growth--6.68%8.94%151.93%-51.21%53.41%0.07%14.25%16.90%20.01%-27.83%
Dividend Yield--1.38%1.15%0.86%0.19%0.71%1.18%1.59%1.04%1.51%2.19%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)247.76
(-) Cash Dividends Paid (M)90.72
(=) Cash Retained (M)157.04
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)49.5530.9718.58
Cash Retained (M)157.04157.04157.04
(-) Cash Required (M)-49.55-30.97-18.58
(=) Excess Retained (M)107.49126.07138.46
(/) Shares Outstanding (M)75.0675.0675.06
(=) Excess Retained per Share1.431.681.84
LTM Dividend per Share1.211.211.21
(+) Excess Retained per Share1.431.681.84
(=) Adjusted Dividend2.642.893.05
WACC / Discount Rate7.91%7.91%7.91%
Growth Rate5.50%6.50%7.50%
Fair Value$115.74$218.61$656.41
Upside / Downside99.55%276.92%1,031.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)247.76263.86281.01299.28318.73339.45349.63
Payout Ratio36.62%47.29%57.97%68.65%79.32%90.00%92.50%
Projected Dividends (M)90.72124.79162.90205.45252.83305.51323.41

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.91%7.91%7.91%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)114.56115.65116.73
Year 2 PV (M)137.29139.90142.54
Year 3 PV (M)158.95163.51168.16
Year 4 PV (M)179.57186.48193.58
Year 5 PV (M)199.20208.82218.81
PV of Terminal Value (M)4,297.454,505.024,720.53
Equity Value (M)5,087.025,319.385,560.36
Shares Outstanding (M)75.0675.0675.06
Fair Value$67.77$70.86$74.07
Upside / Downside16.84%22.18%27.72%

High-Yield Dividend Screener

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