Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Investis Holding S.A. (0RHV.L)

Company Dividend Discount ModelIndustry: Real Estate - GeneralSector: Real Estate

Valuation Snapshot

Stable Growth$1,246.38 - $5,274.48$3,107.36
Multi-Stage$1,253.05 - $1,376.70$1,313.70
Blended Fair Value$2,210.53
Current Price$127.00
Upside1,640.57%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.33%18.12%2.502.502.502.502.342.342.362.361.960.40
YoY Growth--0.16%-0.10%0.11%6.54%0.10%-0.60%-0.06%20.32%390.20%-15.53%
Dividend Yield--2.23%2.56%2.46%2.39%2.56%2.88%3.82%3.76%3.44%0.70%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)345.74
(-) Cash Dividends Paid (M)65.09
(=) Cash Retained (M)280.65
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)69.1543.2225.93
Cash Retained (M)280.65280.65280.65
(-) Cash Required (M)-69.15-43.22-25.93
(=) Excess Retained (M)211.50237.44254.72
(/) Shares Outstanding (M)12.7612.7612.76
(=) Excess Retained per Share16.5818.6119.96
LTM Dividend per Share5.105.105.10
(+) Excess Retained per Share16.5818.6119.96
(=) Adjusted Dividend21.6823.7125.06
WACC / Discount Rate5.02%5.02%5.02%
Growth Rate3.22%4.22%5.22%
Fair Value$1,246.38$3,107.36$5,274.48
Upside / Downside881.40%2,346.74%4,053.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)345.74360.34375.55391.40407.92425.14437.90
Payout Ratio18.83%33.06%47.30%61.53%75.77%90.00%92.50%
Projected Dividends (M)65.09119.13177.62240.83309.06382.63405.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.02%5.02%5.02%
Growth Rate3.22%4.22%5.22%
Year 1 PV (M)112.35113.44114.53
Year 2 PV (M)157.98161.05164.16
Year 3 PV (M)202.01207.94213.98
Year 4 PV (M)244.50254.11264.00
Year 5 PV (M)285.47299.56314.21
PV of Terminal Value (M)14,986.5015,726.6416,495.74
Equity Value (M)15,988.8016,762.7517,566.63
Shares Outstanding (M)12.7612.7612.76
Fair Value$1,253.05$1,313.70$1,376.70
Upside / Downside886.65%934.41%984.02%

High-Yield Dividend Screener

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