Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Wärtsilä Oyj Abp (WRT1V.HE)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$8.67 - $13.22$10.80
Multi-Stage$11.18 - $12.23$11.69
Blended Fair Value$11.25
Current Price$20.04
Upside-43.88%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-7.34%-0.84%0.330.260.240.200.480.480.460.450.420.41
YoY Growth--26.80%6.99%20.17%-58.25%0.35%3.65%3.79%5.60%3.31%14.69%
Dividend Yield--2.00%1.82%2.78%2.42%5.39%7.17%3.14%2.48%2.52%3.08%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)561.00
(-) Cash Dividends Paid (M)227.00
(=) Cash Retained (M)334.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)112.2070.1342.08
Cash Retained (M)334.00334.00334.00
(-) Cash Required (M)-112.20-70.13-42.08
(=) Excess Retained (M)221.80263.88291.93
(/) Shares Outstanding (M)592.41592.41592.41
(=) Excess Retained per Share0.370.450.49
LTM Dividend per Share0.380.380.38
(+) Excess Retained per Share0.370.450.49
(=) Adjusted Dividend0.760.830.88
WACC / Discount Rate9.87%9.87%9.87%
Growth Rate1.04%2.04%3.04%
Fair Value$8.67$10.80$13.22
Upside / Downside-56.74%-46.11%-34.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)561.00572.46584.15596.08608.25620.67639.29
Payout Ratio40.46%50.37%60.28%70.19%80.09%90.00%92.50%
Projected Dividends (M)227.00288.35352.11418.36487.17558.61591.35

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.87%9.87%9.87%
Growth Rate1.04%2.04%3.04%
Year 1 PV (M)259.87262.44265.02
Year 2 PV (M)285.99291.68297.43
Year 3 PV (M)306.24315.42324.79
Year 4 PV (M)321.38334.30347.59
Year 5 PV (M)332.12348.88366.31
PV of Terminal Value (M)5,116.285,374.525,643.08
Equity Value (M)6,621.896,927.247,244.21
Shares Outstanding (M)592.41592.41592.41
Fair Value$11.18$11.69$12.23
Upside / Downside-44.22%-41.65%-38.98%

High-Yield Dividend Screener

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