Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Stenhus Fastigheter i Norden AB (publ) (SFAST.ST)

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

Valuation Snapshot

Stable Growth$8.96 - $13.87$11.24
Multi-Stage$19.84 - $21.87$20.83
Blended Fair Value$16.04
Current Price$10.32
Upside55.38%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%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)354.02
(-) Cash Dividends Paid (M)36.40
(=) Cash Retained (M)317.62
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)70.8044.2526.55
Cash Retained (M)317.62317.62317.62
(-) Cash Required (M)-70.80-44.25-26.55
(=) Excess Retained (M)246.82273.37291.07
(/) Shares Outstanding (M)367.56367.56367.56
(=) Excess Retained per Share0.670.740.79
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.670.740.79
(=) Adjusted Dividend0.770.840.89
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate-2.00%-1.00%0.00%
Fair Value$8.96$11.24$13.87
Upside / Downside-13.16%8.88%34.36%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)354.02350.48346.98343.51340.07336.67346.77
Payout Ratio10.28%26.23%42.17%58.11%74.06%90.00%92.50%
Projected Dividends (M)36.4091.92146.32199.62251.84303.00320.76

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)85.4986.3787.24
Year 2 PV (M)126.59129.18131.81
Year 3 PV (M)160.64165.60170.67
Year 4 PV (M)188.50196.31204.37
Year 5 PV (M)210.95221.93233.37
PV of Terminal Value (M)6,519.056,858.517,211.97
Equity Value (M)7,291.217,657.918,039.42
Shares Outstanding (M)367.56367.56367.56
Fair Value$19.84$20.83$21.87
Upside / Downside92.22%101.88%111.94%

High-Yield Dividend Screener

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