Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Kimberly-Clark de México, S. A. B. de C. V. (KIMBERA.MX)

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

Valuation Snapshot

Stable Growth$35.76 - $65.52$48.06
Multi-Stage$41.41 - $45.28$43.31
Blended Fair Value$45.69
Current Price$34.40
Upside32.81%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%2.71%1.871.631.651.731.610.000.001.591.540.75
YoY Growth--14.81%-1.22%-4.78%7.30%0.00%0.00%-100.00%3.62%105.11%-47.61%
Dividend Yield--5.58%4.20%4.34%6.19%4.62%0.00%0.00%4.76%3.79%1.80%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)7,459.86
(-) Cash Dividends Paid (M)4,290.45
(=) Cash Retained (M)3,169.41
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,491.97932.48559.49
Cash Retained (M)3,169.413,169.413,169.41
(-) Cash Required (M)-1,491.97-932.48-559.49
(=) Excess Retained (M)1,677.442,236.922,609.92
(/) Shares Outstanding (M)3,057.783,057.783,057.78
(=) Excess Retained per Share0.550.730.85
LTM Dividend per Share1.401.401.40
(+) Excess Retained per Share0.550.730.85
(=) Adjusted Dividend1.952.132.26
WACC / Discount Rate8.33%8.33%8.33%
Growth Rate2.72%3.72%4.72%
Fair Value$35.76$48.06$65.52
Upside / Downside3.94%39.71%90.46%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7,459.867,737.388,025.238,323.788,633.448,954.629,223.26
Payout Ratio57.51%64.01%70.51%77.01%83.50%90.00%92.50%
Projected Dividends (M)4,290.454,952.785,658.456,409.777,209.168,059.168,531.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.33%8.33%8.33%
Growth Rate2.72%3.72%4.72%
Year 1 PV (M)4,527.984,572.064,616.14
Year 2 PV (M)4,729.424,821.954,915.38
Year 3 PV (M)4,897.885,042.325,189.57
Year 4 PV (M)5,036.235,235.225,440.06
Year 5 PV (M)5,147.135,402.605,668.11
PV of Terminal Value (M)102,283.25107,359.87112,636.09
Equity Value (M)126,621.88132,434.02138,465.35
Shares Outstanding (M)3,057.783,057.783,057.78
Fair Value$41.41$43.31$45.28
Upside / Downside20.38%25.90%31.64%

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