Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Minasmaquinas S.A. (MMAQ3.SA)

Company Dividend Discount ModelIndustry: Auto - DealershipsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$60,696.51 - $231,649.67$175,161.68
Multi-Stage$28,208.91 - $30,888.30$29,523.97
Blended Fair Value$102,342.82
Current Price$2,550.01
Upside3,913.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.95%14.07%221.13231.17275.56322.90140.54173.6484.6839.3742.0330.70
YoY Growth---4.34%-16.11%-14.66%129.75%-19.06%105.04%115.12%-6.33%36.90%-48.23%
Dividend Yield--8.67%7,705.56%9,185.47%10,763.17%4,684.69%5,787.92%2,822.79%1,312.22%1,400.92%1,023.30%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)42.28
(-) Cash Dividends Paid (M)5.09
(=) Cash Retained (M)37.19
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8.465.293.17
Cash Retained (M)37.1937.1937.19
(-) Cash Required (M)-8.46-5.29-3.17
(=) Excess Retained (M)28.7331.9134.02
(/) Shares Outstanding (M)0.040.040.04
(=) Excess Retained per Share791.59878.95937.19
LTM Dividend per Share140.25140.25140.25
(+) Excess Retained per Share791.59878.95937.19
(=) Adjusted Dividend931.841,019.201,077.44
WACC / Discount Rate7.12%7.12%7.12%
Growth Rate5.50%6.50%7.50%
Fair Value$60,696.51$175,161.68$231,649.67
Upside / Downside2,280.25%6,769.06%8,984.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)42.2845.0347.9651.0754.3957.9359.67
Payout Ratio12.04%27.63%43.22%58.82%74.41%90.00%92.50%
Projected Dividends (M)5.0912.4420.7330.0440.4752.1455.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.12%7.12%7.12%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)11.5111.6211.72
Year 2 PV (M)17.7318.0718.41
Year 3 PV (M)23.7624.4425.13
Year 4 PV (M)29.6030.7431.91
Year 5 PV (M)35.2636.9738.73
PV of Terminal Value (M)906.12949.89995.33
Equity Value (M)1,023.981,071.711,121.24
Shares Outstanding (M)0.040.040.04
Fair Value$28,208.91$29,523.97$30,888.30
Upside / Downside1,006.23%1,057.80%1,111.30%

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