Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Logistec Corporation (LGT-B.TO)

Company Dividend Discount ModelIndustry: Marine ShippingSector: Industrials

Valuation Snapshot

Stable Growth$136.90 - $410.35$384.56
Multi-Stage$55.37 - $60.62$57.94
Blended Fair Value$221.25
Current Price$60.56
Upside265.34%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2022202120202019201820172016201520142013
DPS7.26%8.81%0.430.400.390.380.340.300.290.260.990.20
YoY Growth--8.25%2.29%3.25%9.25%13.66%2.70%11.91%-73.27%405.27%5.52%
Dividend Yield--0.97%0.89%0.97%1.49%0.78%0.62%0.82%0.60%2.75%0.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)26.70
(-) Cash Dividends Paid (M)6.30
(=) Cash Retained (M)20.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.343.342.00
Cash Retained (M)20.4020.4020.40
(-) Cash Required (M)-5.34-3.34-2.00
(=) Excess Retained (M)15.0617.0618.40
(/) Shares Outstanding (M)12.9412.9412.94
(=) Excess Retained per Share1.161.321.42
LTM Dividend per Share0.490.490.49
(+) Excess Retained per Share1.161.321.42
(=) Adjusted Dividend1.651.811.91
WACC / Discount Rate6.77%6.77%6.77%
Growth Rate5.50%6.50%7.50%
Fair Value$136.90$384.56$410.35
Upside / Downside126.06%535.00%577.59%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26.7028.4330.2832.2534.3436.5837.67
Payout Ratio23.59%36.87%50.15%63.44%76.72%90.00%92.50%
Projected Dividends (M)6.3010.4815.1920.4626.3532.9234.85

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.77%6.77%6.77%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)9.739.829.91
Year 2 PV (M)13.0713.3213.57
Year 3 PV (M)16.3416.8117.28
Year 4 PV (M)19.5220.2721.04
Year 5 PV (M)22.6323.7224.86
PV of Terminal Value (M)635.07665.75697.60
Equity Value (M)716.36749.69784.26
Shares Outstanding (M)12.9412.9412.94
Fair Value$55.37$57.94$60.62
Upside / Downside-8.57%-4.32%0.09%

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