Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Admie Holding S.A. (ADMIE.AT)

Company Dividend Discount ModelIndustry: Independent Power ProducersSector: Utilities

Valuation Snapshot

Stable Growth$3.74 - $5.66$4.64
Multi-Stage$7.41 - $8.16$7.78
Blended Fair Value$6.21
Current Price$3.17
Upside95.94%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS24.55%11.99%0.200.050.050.080.090.070.020.000.060.12
YoY Growth--336.70%-14.56%-34.07%-13.23%40.40%212.27%0.00%-100.00%-49.20%84.07%
Dividend Yield--6.88%2.07%3.05%3.63%3.41%3.52%1.22%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)127.85
(-) Cash Dividends Paid (M)13.50
(=) Cash Retained (M)114.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)25.5715.989.59
Cash Retained (M)114.35114.35114.35
(-) Cash Required (M)-25.57-15.98-9.59
(=) Excess Retained (M)88.7898.37104.76
(/) Shares Outstanding (M)294.57294.57294.57
(=) Excess Retained per Share0.300.330.36
LTM Dividend per Share0.050.050.05
(+) Excess Retained per Share0.300.330.36
(=) Adjusted Dividend0.350.380.40
WACC / Discount Rate7.09%7.09%7.09%
Growth Rate-2.00%-1.00%0.00%
Fair Value$3.74$4.64$5.66
Upside / Downside18.03%46.52%78.51%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)127.85126.57125.30124.05122.81121.58125.23
Payout Ratio10.56%26.45%42.34%58.22%74.11%90.00%92.50%
Projected Dividends (M)13.5033.4753.0572.2391.02109.42115.84

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.09%7.09%7.09%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)30.9431.2631.57
Year 2 PV (M)45.3246.2547.19
Year 3 PV (M)57.0458.8060.60
Year 4 PV (M)66.4469.1972.03
Year 5 PV (M)73.8377.6781.68
PV of Terminal Value (M)1,908.682,008.072,111.56
Equity Value (M)2,182.252,291.252,404.63
Shares Outstanding (M)294.57294.57294.57
Fair Value$7.41$7.78$8.16
Upside / Downside133.70%145.37%157.51%

High-Yield Dividend Screener

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