Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Oceana Group Limited (OCE.JO)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$431.65 - $1,284.92$682.95
Multi-Stage$421.53 - $461.09$440.95
Blended Fair Value$561.95
Current Price$57.99
Upside869.05%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.04%5.28%5.074.293.374.343.474.371.154.573.793.54
YoY Growth--18.38%27.03%-22.17%24.88%-20.51%281.45%-74.95%20.57%7.00%16.81%
Dividend Yield--7.36%5.68%6.34%6.52%5.60%6.29%1.38%5.55%3.33%3.68%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,078.71
(-) Cash Dividends Paid (M)1,589.43
(=) Cash Retained (M)489.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)415.74259.84155.90
Cash Retained (M)489.28489.28489.28
(-) Cash Required (M)-415.74-259.84-155.90
(=) Excess Retained (M)73.54229.44333.38
(/) Shares Outstanding (M)120.60120.60120.60
(=) Excess Retained per Share0.611.902.76
LTM Dividend per Share13.1813.1813.18
(+) Excess Retained per Share0.611.902.76
(=) Adjusted Dividend13.7915.0815.94
WACC / Discount Rate6.95%6.95%6.95%
Growth Rate3.64%4.64%5.64%
Fair Value$431.65$682.95$1,284.92
Upside / Downside644.36%1,077.71%2,115.77%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,078.712,175.142,276.052,381.652,492.142,607.752,685.99
Payout Ratio76.46%79.17%81.88%84.58%87.29%90.00%92.50%
Projected Dividends (M)1,589.431,722.061,863.572,014.512,175.452,346.982,484.54

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.95%6.95%6.95%
Growth Rate3.64%4.64%5.64%
Year 1 PV (M)1,594.761,610.151,625.54
Year 2 PV (M)1,598.251,629.241,660.53
Year 3 PV (M)1,599.991,646.751,694.41
Year 4 PV (M)1,600.081,662.741,727.22
Year 5 PV (M)1,598.641,677.271,758.96
PV of Terminal Value (M)42,843.2144,950.4247,139.74
Equity Value (M)50,834.9353,176.5755,606.40
Shares Outstanding (M)120.60120.60120.60
Fair Value$421.53$440.95$461.09
Upside / Downside626.90%660.38%695.13%

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