Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Aksa Enerji Üretim A.S. (AKSEN.IS)

Company Dividend Discount ModelIndustry: Renewable UtilitiesSector: Utilities

Valuation Snapshot

Stable Growth$45.11 - $155.81$74.28
Multi-Stage$28.35 - $31.02$29.66
Blended Fair Value$51.97
Current Price$37.28
Upside39.40%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%1.511.170.570.000.000.000.000.000.000.00
YoY Growth--29.41%104.24%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%
Dividend Yield--4.39%3.42%2.04%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)1,987.97
(-) Cash Dividends Paid (M)109.01
(=) Cash Retained (M)1,878.96
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)397.59248.50149.10
Cash Retained (M)1,878.961,878.961,878.96
(-) Cash Required (M)-397.59-248.50-149.10
(=) Excess Retained (M)1,481.371,630.461,729.86
(/) Shares Outstanding (M)1,225.391,225.391,225.39
(=) Excess Retained per Share1.211.331.41
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share1.211.331.41
(=) Adjusted Dividend1.301.421.50
WACC / Discount Rate8.54%8.54%8.54%
Growth Rate5.50%6.50%7.50%
Fair Value$45.11$74.28$155.81
Upside / Downside21.00%99.24%317.95%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,987.972,117.192,254.802,401.372,557.452,723.692,805.40
Payout Ratio5.48%22.39%39.29%56.19%73.10%90.00%92.50%
Projected Dividends (M)109.01473.97885.911,349.411,869.412,451.322,594.99

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.54%8.54%8.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)432.59436.70440.80
Year 2 PV (M)738.00752.05766.24
Year 3 PV (M)1,025.981,055.431,085.44
Year 4 PV (M)1,297.281,347.171,398.48
Year 5 PV (M)1,552.601,627.591,705.45
PV of Terminal Value (M)29,692.7931,126.9732,616.03
Equity Value (M)34,739.2436,345.9038,012.44
Shares Outstanding (M)1,225.391,225.391,225.39
Fair Value$28.35$29.66$31.02
Upside / Downside-23.96%-20.44%-16.79%

High-Yield Dividend Screener

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