Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Charter Hall Group (CHC.AX)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$34.42 - $122.23$57.08
Multi-Stage$22.96 - $25.07$24.00
Blended Fair Value$40.54
Current Price$19.19
Upside111.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS6.32%10.31%0.460.430.410.380.360.340.320.300.240.22
YoY Growth--5.99%5.99%7.66%5.95%6.00%3.99%6.37%26.43%11.50%25.96%
Dividend Yield--2.38%3.83%3.80%3.49%2.30%3.47%2.95%4.67%4.38%4.27%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)586.70
(-) Cash Dividends Paid (M)315.80
(=) Cash Retained (M)270.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)117.3473.3444.00
Cash Retained (M)270.90270.90270.90
(-) Cash Required (M)-117.34-73.34-44.00
(=) Excess Retained (M)153.56197.56226.89
(/) Shares Outstanding (M)480.17480.17480.17
(=) Excess Retained per Share0.320.410.47
LTM Dividend per Share0.660.660.66
(+) Excess Retained per Share0.320.410.47
(=) Adjusted Dividend0.981.071.13
WACC / Discount Rate8.40%8.40%8.40%
Growth Rate5.41%6.41%7.41%
Fair Value$34.42$57.08$122.23
Upside / Downside79.38%197.43%536.95%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)586.70624.29664.28706.84752.13800.32824.33
Payout Ratio53.83%61.06%68.30%75.53%82.77%90.00%92.50%
Projected Dividends (M)315.80381.20453.68533.88622.50720.29762.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.40%8.40%8.40%
Growth Rate5.41%6.41%7.41%
Year 1 PV (M)348.35351.66354.96
Year 2 PV (M)378.87386.09393.38
Year 3 PV (M)407.43419.14431.07
Year 4 PV (M)434.13450.84468.03
Year 5 PV (M)459.04481.24504.28
PV of Terminal Value (M)8,999.019,434.069,885.77
Equity Value (M)11,026.8411,523.0212,037.49
Shares Outstanding (M)480.17480.17480.17
Fair Value$22.96$24.00$25.07
Upside / Downside19.67%25.05%30.64%

High-Yield Dividend Screener

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