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Meier Tobler Group AG (0QQK.L)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$187.57 - $704.06$556.48
Multi-Stage$103.90 - $113.60$108.66
Blended Fair Value$332.57
Current Price$39.30
Upside746.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%63.57%1.291.241.070.000.000.002.151.311.311.63
YoY Growth--4.15%15.70%0.00%0.00%0.00%-100.00%64.51%0.00%-20.00%17,268.57%
Dividend Yield--4.57%3.35%2.61%0.00%0.00%0.00%16.82%3.36%3.62%4.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)39.72
(-) Cash Dividends Paid (M)31.87
(=) Cash Retained (M)7.84
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7.944.962.98
Cash Retained (M)7.847.847.84
(-) Cash Required (M)-7.94-4.96-2.98
(=) Excess Retained (M)-0.102.884.86
(/) Shares Outstanding (M)11.1611.1611.16
(=) Excess Retained per Share-0.010.260.44
LTM Dividend per Share2.862.862.86
(+) Excess Retained per Share-0.010.260.44
(=) Adjusted Dividend2.853.113.29
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate4.93%5.93%6.93%
Fair Value$187.57$556.48$704.06
Upside / Downside377.28%1,315.98%1,691.51%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)39.7242.0744.5747.2150.0152.9754.56
Payout Ratio80.26%82.21%84.15%86.10%88.05%90.00%92.50%
Projected Dividends (M)31.8734.5837.5040.6544.0347.6850.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate4.93%5.93%6.93%
Year 1 PV (M)32.1632.4732.77
Year 2 PV (M)32.4333.0533.68
Year 3 PV (M)32.6833.6334.59
Year 4 PV (M)32.9234.2035.51
Year 5 PV (M)33.1534.7636.43
PV of Terminal Value (M)996.071,044.451,094.69
Equity Value (M)1,159.421,212.551,267.67
Shares Outstanding (M)11.1611.1611.16
Fair Value$103.90$108.66$113.60
Upside / Downside164.38%176.50%189.07%

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