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BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$35.42 - $50.98$43.01
Multi-Stage$59.81 - $65.55$62.63
Blended Fair Value$52.82
Current Price$25.75
Upside105.13%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.99%0.00%1.441.421.381.231.091.031.051.061.091.09
YoY Growth--1.70%2.38%12.11%12.84%6.42%-2.18%-1.28%-2.27%-0.04%0.00%
Dividend Yield--6.15%6.49%6.66%4.64%4.37%4.61%5.32%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)113.07
(-) Cash Dividends Paid (M)66.39
(=) Cash Retained (M)46.68
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)22.6114.138.48
Cash Retained (M)46.6846.6846.68
(-) Cash Required (M)-22.61-14.13-8.48
(=) Excess Retained (M)24.0732.5538.20
(/) Shares Outstanding (M)22.5522.5522.55
(=) Excess Retained per Share1.071.441.69
LTM Dividend per Share2.942.942.94
(+) Excess Retained per Share1.071.441.69
(=) Adjusted Dividend4.014.394.64
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.00%-1.00%0.00%
Fair Value$35.42$43.01$50.98
Upside / Downside37.56%67.04%97.98%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)113.07111.94110.82109.71108.62107.53110.76
Payout Ratio58.72%64.97%71.23%77.49%83.74%90.00%92.50%
Projected Dividends (M)66.3972.7378.9485.0190.9696.78102.45

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)65.9966.6767.34
Year 2 PV (M)64.9966.3267.67
Year 3 PV (M)63.5065.4767.47
Year 4 PV (M)61.6564.2166.84
Year 5 PV (M)59.5262.6265.84
PV of Terminal Value (M)1,033.221,087.021,143.04
Equity Value (M)1,348.871,412.301,478.20
Shares Outstanding (M)22.5522.5522.55
Fair Value$59.81$62.63$65.55
Upside / Downside132.29%143.21%154.56%

High-Yield Dividend Screener

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