Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

The Clorox Company (0I0J.L)

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

Valuation Snapshot

Stable Growth$90.70 - $165.59$121.75
Multi-Stage$179.32 - $196.93$187.95
Blended Fair Value$154.85
Current Price$123.30
Upside25.59%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS2.46%4.57%4.864.804.714.614.504.303.963.633.333.21
YoY Growth--1.18%2.06%2.10%2.33%4.69%8.78%8.89%9.22%3.52%3.38%
Dividend Yield--3.94%2.95%3.59%3.59%2.72%2.05%2.60%2.41%2.52%2.57%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)791.00
(-) Cash Dividends Paid (M)602.00
(=) Cash Retained (M)189.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)158.2098.8859.33
Cash Retained (M)189.00189.00189.00
(-) Cash Required (M)-158.20-98.88-59.33
(=) Excess Retained (M)30.8090.13129.68
(/) Shares Outstanding (M)123.87123.87123.87
(=) Excess Retained per Share0.250.731.05
LTM Dividend per Share4.864.864.86
(+) Excess Retained per Share0.250.731.05
(=) Adjusted Dividend5.115.595.91
WACC / Discount Rate5.96%5.96%5.96%
Growth Rate0.31%1.31%2.31%
Fair Value$90.70$121.75$165.59
Upside / Downside-26.44%-1.26%34.30%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)791.00801.34811.82822.43833.18844.08869.40
Payout Ratio76.11%78.88%81.66%84.44%87.22%90.00%92.50%
Projected Dividends (M)602.00632.14662.96694.48726.71759.67804.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.96%5.96%5.96%
Growth Rate0.31%1.31%2.31%
Year 1 PV (M)590.71596.60602.49
Year 2 PV (M)578.91590.51602.23
Year 3 PV (M)566.70583.81601.27
Year 4 PV (M)554.14576.57599.67
Year 5 PV (M)541.30568.83597.46
PV of Terminal Value (M)19,380.4920,366.0021,391.20
Equity Value (M)22,212.2623,282.3324,394.33
Shares Outstanding (M)123.87123.87123.87
Fair Value$179.32$187.95$196.93
Upside / Downside45.43%52.44%59.72%

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