Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Aker ASA (AKER.OL)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$14,750.71 - $29,358.08$27,512.82
Multi-Stage$4,637.35 - $5,070.79$4,850.11
Blended Fair Value$16,181.46
Current Price$655.00
Upside2,370.45%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.62%8.41%64.9330.0014.5023.4923.4922.4923.3821.2018.5614.55
YoY Growth--116.42%106.96%-38.28%0.00%4.43%-3.80%10.29%14.21%27.57%-49.74%
Dividend Yield--11.83%4.50%2.01%2.85%4.19%4.14%5.06%5.20%5.75%8.87%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)10,968.00
(-) Cash Dividends Paid (M)7,908.00
(=) Cash Retained (M)3,060.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,193.601,371.00822.60
Cash Retained (M)3,060.003,060.003,060.00
(-) Cash Required (M)-2,193.60-1,371.00-822.60
(=) Excess Retained (M)866.401,689.002,237.40
(/) Shares Outstanding (M)74.3074.3074.30
(=) Excess Retained per Share11.6622.7330.11
LTM Dividend per Share106.44106.44106.44
(+) Excess Retained per Share11.6622.7330.11
(=) Adjusted Dividend118.10129.17136.55
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate5.50%6.50%7.50%
Fair Value$14,750.71$27,512.82$29,358.08
Upside / Downside2,152.02%4,100.43%4,382.15%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)10,968.0011,680.9212,440.1813,248.7914,109.9615,027.1115,477.92
Payout Ratio72.10%75.68%79.26%82.84%86.42%90.00%92.50%
Projected Dividends (M)7,908.008,840.189,860.1410,975.3312,193.8513,524.4014,317.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)8,234.718,312.778,390.82
Year 2 PV (M)8,555.738,718.708,883.20
Year 3 PV (M)8,871.149,125.809,385.28
Year 4 PV (M)9,180.999,534.079,897.23
Year 5 PV (M)9,485.369,943.5110,419.19
PV of Terminal Value (M)300,220.08314,720.82329,776.54
Equity Value (M)344,548.02360,355.66376,752.26
Shares Outstanding (M)74.3074.3074.30
Fair Value$4,637.35$4,850.11$5,070.79
Upside / Downside607.99%640.47%674.17%

High-Yield Dividend Screener

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