Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Kreate Group Oyj (KREATE.HE)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$5.02 - $7.78$6.30
Multi-Stage$11.77 - $12.93$12.34
Blended Fair Value$9.32
Current Price$9.00
Upside3.54%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS0.00%0.00%0.470.460.450.440.000.000.000.000.000.00
YoY Growth--3.27%1.85%2.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--5.72%6.02%5.43%4.48%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)4.80
(-) Cash Dividends Paid (M)3.80
(=) Cash Retained (M)1.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.960.600.36
Cash Retained (M)1.001.001.00
(-) Cash Required (M)-0.96-0.60-0.36
(=) Excess Retained (M)0.040.400.64
(/) Shares Outstanding (M)8.908.908.90
(=) Excess Retained per Share0.000.040.07
LTM Dividend per Share0.430.430.43
(+) Excess Retained per Share0.000.040.07
(=) Adjusted Dividend0.430.470.50
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-2.00%-1.00%0.00%
Fair Value$5.02$6.30$7.78
Upside / Downside-44.17%-30.00%-13.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4.804.754.704.664.614.564.70
Payout Ratio79.17%81.33%83.50%85.67%87.83%90.00%92.50%
Projected Dividends (M)3.803.863.933.994.054.114.35

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)3.603.633.67
Year 2 PV (M)3.403.473.54
Year 3 PV (M)3.213.313.41
Year 4 PV (M)3.033.163.29
Year 5 PV (M)2.863.013.16
PV of Terminal Value (M)88.5693.1797.97
Equity Value (M)104.65109.74115.04
Shares Outstanding (M)8.908.908.90
Fair Value$11.77$12.34$12.93
Upside / Downside30.73%37.09%43.70%

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