Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Eidesvik Offshore ASA (EIOF.OL)

Company Dividend Discount ModelIndustry: Oil & Gas Equipment & ServicesSector: Energy

Valuation Snapshot

Stable Growth$9.47 - $14.48$11.81
Multi-Stage$20.08 - $22.11$21.08
Blended Fair Value$16.45
Current Price$13.00
Upside26.50%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%-4.90%0.250.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%
Dividend Yield--2.05%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)77.32
(-) Cash Dividends Paid (M)21.90
(=) Cash Retained (M)55.43
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)15.469.675.80
Cash Retained (M)55.4355.4355.43
(-) Cash Required (M)-15.46-9.67-5.80
(=) Excess Retained (M)39.9645.7649.63
(/) Shares Outstanding (M)73.0673.0673.06
(=) Excess Retained per Share0.550.630.68
LTM Dividend per Share0.300.300.30
(+) Excess Retained per Share0.550.630.68
(=) Adjusted Dividend0.850.930.98
WACC / Discount Rate6.76%6.76%6.76%
Growth Rate-2.00%-1.00%0.00%
Fair Value$9.47$11.81$14.48
Upside / Downside-27.15%-9.13%11.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)77.3276.5575.7875.0374.2873.5375.74
Payout Ratio28.32%40.65%52.99%65.33%77.66%90.00%92.50%
Projected Dividends (M)21.9031.1240.1649.0157.6966.1870.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.76%6.76%6.76%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)28.8529.1529.44
Year 2 PV (M)34.5235.2335.95
Year 3 PV (M)39.0740.2841.51
Year 4 PV (M)42.6444.4046.22
Year 5 PV (M)45.3547.7250.18
PV of Terminal Value (M)1,276.651,343.131,412.35
Equity Value (M)1,467.091,539.911,615.65
Shares Outstanding (M)73.0673.0673.06
Fair Value$20.08$21.08$22.11
Upside / Downside54.46%62.13%70.11%

High-Yield Dividend Screener

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