Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

MPC Container Ships ASA (MPCC.OL)

Company Dividend Discount ModelIndustry: Marine ShippingSector: Industrials

Valuation Snapshot

Stable Growth$4.17 - $6.05$5.08
Multi-Stage$7.23 - $7.93$7.57
Blended Fair Value$6.33
Current Price$1.65
Upside283.46%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS0.00%0.00%0.460.660.990.000.000.000.000.000.000.00
YoY Growth---30.28%-33.53%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--30.50%57.95%62.51%0.00%0.00%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)252.99
(-) Cash Dividends Paid (M)142.10
(=) Cash Retained (M)110.88
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)50.6031.6218.97
Cash Retained (M)110.88110.88110.88
(-) Cash Required (M)-50.60-31.62-18.97
(=) Excess Retained (M)60.2979.2691.91
(/) Shares Outstanding (M)443.70443.70443.70
(=) Excess Retained per Share0.140.180.21
LTM Dividend per Share0.320.320.32
(+) Excess Retained per Share0.140.180.21
(=) Adjusted Dividend0.460.500.53
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-2.00%-1.00%0.00%
Fair Value$4.17$5.08$6.05
Upside / Downside152.64%207.86%266.42%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)252.99250.46247.95245.47243.02240.59247.81
Payout Ratio56.17%62.94%69.70%76.47%83.23%90.00%92.50%
Projected Dividends (M)142.10157.63172.83187.71202.27216.53229.22

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)143.52144.98146.45
Year 2 PV (M)143.27146.21149.18
Year 3 PV (M)141.67146.05150.53
Year 4 PV (M)139.00144.76150.70
Year 5 PV (M)135.47142.53149.87
PV of Terminal Value (M)2,505.752,636.242,772.10
Equity Value (M)3,208.693,360.773,518.81
Shares Outstanding (M)443.70443.70443.70
Fair Value$7.23$7.57$7.93
Upside / Downside338.28%359.05%380.64%

High-Yield Dividend Screener

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