Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Equifax Inc. (EFX)

Company Dividend Discount ModelIndustry: Consulting ServicesSector: Industrials

Valuation Snapshot

Stable Growth$110.52 - $258.54$162.31
Multi-Stage$79.54 - $86.82$83.12
Blended Fair Value$122.71
Current Price$256.53
Upside-52.16%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.47%4.77%1.551.541.531.521.521.511.511.501.261.10
YoY Growth--0.73%0.37%0.58%0.26%0.42%0.43%0.27%18.91%14.37%13.70%
Dividend Yield--0.64%0.59%0.75%0.64%0.84%1.27%1.26%1.27%0.92%0.97%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)658.60
(-) Cash Dividends Paid (M)220.40
(=) Cash Retained (M)438.20
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)131.7282.3349.40
Cash Retained (M)438.20438.20438.20
(-) Cash Required (M)-131.72-82.33-49.40
(=) Excess Retained (M)306.48355.88388.81
(/) Shares Outstanding (M)124.83124.83124.83
(=) Excess Retained per Share2.462.853.11
LTM Dividend per Share1.771.771.77
(+) Excess Retained per Share2.462.853.11
(=) Adjusted Dividend4.224.624.88
WACC / Discount Rate9.53%9.53%9.53%
Growth Rate5.50%6.50%7.50%
Fair Value$110.52$162.31$258.54
Upside / Downside-56.92%-36.73%0.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)658.60701.41747.00795.56847.27902.34929.41
Payout Ratio33.46%44.77%56.08%67.39%78.69%90.00%92.50%
Projected Dividends (M)220.40314.03418.91536.09666.74812.11859.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.53%9.53%9.53%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)284.02286.71289.40
Year 2 PV (M)342.66349.19355.78
Year 3 PV (M)396.60407.99419.59
Year 4 PV (M)446.11463.27480.92
Year 5 PV (M)491.45515.18539.83
PV of Terminal Value (M)7,967.958,352.818,752.39
Equity Value (M)9,928.8010,375.1510,837.91
Shares Outstanding (M)124.83124.83124.83
Fair Value$79.54$83.12$86.82
Upside / Downside-68.99%-67.60%-66.15%

High-Yield Dividend Screener

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