Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

HEXPOL AB (publ) (HPOL-B.ST)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$486.41 - $1,129.96$1,058.93
Multi-Stage$171.32 - $187.29$179.16
Blended Fair Value$619.05
Current Price$84.40
Upside633.47%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS21.74%20.91%6.013.616.002.302.302.251.954.751.701.20
YoY Growth--66.40%-39.82%160.98%0.00%2.33%15.35%-58.96%179.49%41.65%33.23%
Dividend Yield--6.87%2.73%4.67%2.49%2.33%3.77%2.39%6.14%1.85%1.33%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,957.00
(-) Cash Dividends Paid (M)1,449.00
(=) Cash Retained (M)508.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)391.40244.63146.78
Cash Retained (M)508.00508.00508.00
(-) Cash Required (M)-391.40-244.63-146.78
(=) Excess Retained (M)116.60263.38361.23
(/) Shares Outstanding (M)344.44344.44344.44
(=) Excess Retained per Share0.340.761.05
LTM Dividend per Share4.214.214.21
(+) Excess Retained per Share0.340.761.05
(=) Adjusted Dividend4.554.975.26
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate5.50%6.50%7.50%
Fair Value$486.41$1,058.93$1,129.96
Upside / Downside476.32%1,154.66%1,238.81%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,957.002,084.212,219.682,363.962,517.612,681.262,761.70
Payout Ratio74.04%77.23%80.43%83.62%86.81%90.00%92.50%
Projected Dividends (M)1,449.001,609.701,785.181,976.662,185.502,413.132,554.57

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,497.471,511.661,525.85
Year 2 PV (M)1,544.911,574.341,604.04
Year 3 PV (M)1,591.351,637.031,683.58
Year 4 PV (M)1,636.801,699.741,764.49
Year 5 PV (M)1,681.261,762.471,846.78
PV of Terminal Value (M)51,057.7753,523.8856,084.37
Equity Value (M)59,009.5661,709.1264,509.12
Shares Outstanding (M)344.44344.44344.44
Fair Value$171.32$179.16$187.29
Upside / Downside102.99%112.27%121.91%

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