Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

International Ocean Group (7583.TWO)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$71.66 - $110.89$89.85
Multi-Stage$159.17 - $175.48$167.16
Blended Fair Value$128.51
Current Price$87.79
Upside46.38%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021
DPS0.00%0.00%1.020.430.230.000.000.000.000.000.000.00
YoY Growth--139.15%86.10%50,390.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.42%0.57%0.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)169.86
(-) Cash Dividends Paid (M)22.47
(=) Cash Retained (M)147.38
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)33.9721.2312.74
Cash Retained (M)147.38147.38147.38
(-) Cash Required (M)-33.97-21.23-12.74
(=) Excess Retained (M)113.41126.15134.64
(/) Shares Outstanding (M)22.0722.0722.07
(=) Excess Retained per Share5.145.726.10
LTM Dividend per Share1.021.021.02
(+) Excess Retained per Share5.145.726.10
(=) Adjusted Dividend6.166.737.12
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-2.00%-1.00%0.00%
Fair Value$71.66$89.85$110.89
Upside / Downside-18.37%2.35%26.31%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)169.86168.16166.47164.81163.16161.53166.38
Payout Ratio13.23%28.58%43.94%59.29%74.65%90.00%92.50%
Projected Dividends (M)22.4748.0773.1597.72121.79145.38153.90

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)44.7145.1745.62
Year 2 PV (M)63.2964.5965.90
Year 3 PV (M)78.6581.0883.56
Year 4 PV (M)91.1894.9698.85
Year 5 PV (M)101.24106.51112.00
PV of Terminal Value (M)3,133.663,296.843,466.74
Equity Value (M)3,512.723,689.133,872.67
Shares Outstanding (M)22.0722.0722.07
Fair Value$159.17$167.16$175.48
Upside / Downside81.30%90.41%99.88%

High-Yield Dividend Screener

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