Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Enefit Green AS (EGR1T.TL)

Company Dividend Discount ModelIndustry: Renewable UtilitiesSector: Utilities

Valuation Snapshot

Stable Growth$4.63 - $11.01$6.84
Multi-Stage$4.33 - $4.74$4.53
Blended Fair Value$5.69
Current Price$3.32
Upside71.26%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS13.09%0.00%0.110.210.150.100.070.060.000.000.000.00
YoY Growth---49.52%37.75%47.25%47.28%22.67%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.16%6.48%3.43%2.71%2.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)58.49
(-) Cash Dividends Paid (M)27.75
(=) Cash Retained (M)30.74
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11.707.314.39
Cash Retained (M)30.7430.7430.74
(-) Cash Required (M)-11.70-7.31-4.39
(=) Excess Retained (M)19.0523.4326.36
(/) Shares Outstanding (M)264.28264.28264.28
(=) Excess Retained per Share0.070.090.10
LTM Dividend per Share0.110.110.11
(+) Excess Retained per Share0.070.090.10
(=) Adjusted Dividend0.180.190.20
WACC / Discount Rate7.84%7.84%7.84%
Growth Rate3.87%4.87%5.87%
Fair Value$4.63$6.84$11.01
Upside / Downside39.60%106.09%231.68%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)58.4961.3464.3367.4670.7474.1976.41
Payout Ratio47.44%55.95%64.46%72.98%81.49%90.00%92.50%
Projected Dividends (M)27.7534.3241.4749.2357.6566.7770.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.84%7.84%7.84%
Growth Rate3.87%4.87%5.87%
Year 1 PV (M)31.5231.8332.13
Year 2 PV (M)34.9835.6636.34
Year 3 PV (M)38.1439.2640.39
Year 4 PV (M)41.0342.6344.28
Year 5 PV (M)43.6445.7948.01
PV of Terminal Value (M)955.121,001.991,050.68
Equity Value (M)1,144.441,197.151,251.84
Shares Outstanding (M)264.28264.28264.28
Fair Value$4.33$4.53$4.74
Upside / Downside30.44%36.44%42.68%

High-Yield Dividend Screener

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