Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Allos S.A. (ALOS3.SA)

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

Valuation Snapshot

Stable Growth$110.77 - $292.82$274.42
Multi-Stage$42.90 - $46.88$44.85
Blended Fair Value$159.64
Current Price$25.83
Upside518.02%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS54.85%36.16%1.490.570.200.120.000.170.050.070.070.07
YoY Growth--160.10%187.21%69.97%0.00%-100.00%262.04%-32.03%0.00%0.00%0.00%
Dividend Yield--7.81%2.43%1.14%0.51%0.00%0.63%0.16%0.28%0.31%0.43%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)750.51
(-) Cash Dividends Paid (M)609.00
(=) Cash Retained (M)141.51
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)150.1093.8156.29
Cash Retained (M)141.51141.51141.51
(-) Cash Required (M)-150.10-93.81-56.29
(=) Excess Retained (M)-8.6047.6985.22
(/) Shares Outstanding (M)509.72509.72509.72
(=) Excess Retained per Share-0.020.090.17
LTM Dividend per Share1.191.191.19
(+) Excess Retained per Share-0.020.090.17
(=) Adjusted Dividend1.181.291.36
WACC / Discount Rate6.62%6.62%6.62%
Growth Rate5.50%6.50%7.50%
Fair Value$110.77$274.42$292.82
Upside / Downside328.84%962.39%1,033.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)750.51799.29851.24906.57965.501,028.261,059.10
Payout Ratio81.15%82.92%84.69%86.46%88.23%90.00%92.50%
Projected Dividends (M)609.00662.74720.89783.81851.85925.43979.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.62%6.62%6.62%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)615.74621.58627.42
Year 2 PV (M)622.28634.13646.09
Year 3 PV (M)628.61646.65665.04
Year 4 PV (M)634.73659.14684.25
Year 5 PV (M)640.66671.60703.73
PV of Terminal Value (M)18,725.3119,629.7520,568.81
Equity Value (M)21,867.3322,862.8623,895.34
Shares Outstanding (M)509.72509.72509.72
Fair Value$42.90$44.85$46.88
Upside / Downside66.09%73.65%81.49%

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