Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Electro Aço Altona S.A. (EALT3.SA)

Company Dividend Discount ModelIndustry: Manufacturing - Metal FabricationSector: Industrials

Valuation Snapshot

Stable Growth$785.01 - $924.87$866.74
Multi-Stage$259.83 - $285.01$272.19
Blended Fair Value$569.46
Current Price$11.55
Upside4,830.42%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.000.000.400.110.290.260.080.040.09
YoY Growth--0.00%0.00%-100.00%271.02%-62.51%13.13%212.82%113.45%-58.98%-23.48%
Dividend Yield--0.00%0.00%0.00%6.35%2.99%10.46%7.40%2.20%2.29%12.27%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)105.87
(-) Cash Dividends Paid (M)10.16
(=) Cash Retained (M)95.71
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)21.1713.237.94
Cash Retained (M)95.7195.7195.71
(-) Cash Required (M)-21.17-13.23-7.94
(=) Excess Retained (M)74.5482.4887.77
(/) Shares Outstanding (M)22.7722.7722.77
(=) Excess Retained per Share3.273.623.86
LTM Dividend per Share0.450.450.45
(+) Excess Retained per Share3.273.623.86
(=) Adjusted Dividend3.724.074.30
WACC / Discount Rate4.86%4.86%4.86%
Growth Rate5.50%6.50%7.50%
Fair Value$785.01$866.74$924.87
Upside / Downside6,696.62%7,404.26%7,907.56%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)105.87112.76120.08127.89136.20145.06149.41
Payout Ratio9.60%25.68%41.76%57.84%73.92%90.00%92.50%
Projected Dividends (M)10.1628.9550.1573.97100.68130.55138.20

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.86%4.86%4.86%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)27.3527.6127.87
Year 2 PV (M)44.7645.6146.47
Year 3 PV (M)62.3764.1665.99
Year 4 PV (M)80.2083.2986.46
Year 5 PV (M)98.25102.99107.92
PV of Terminal Value (M)5,602.325,872.916,153.86
Equity Value (M)5,915.256,196.586,488.57
Shares Outstanding (M)22.7722.7722.77
Fair Value$259.83$272.19$285.01
Upside / Downside2,149.59%2,256.58%2,367.63%

High-Yield Dividend Screener

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