Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ripley Corp S.A. (RIPLEY.SN)

Company Dividend Discount ModelIndustry: Department StoresSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$517.16 - $915.96$685.87
Multi-Stage$769.21 - $845.15$806.45
Blended Fair Value$746.16
Current Price$468.00
Upside59.44%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.0020.005.0014.0011.3511.6312.1610.9511.6215.88
YoY Growth---100.00%300.00%-64.29%23.31%-2.41%-4.34%11.10%-5.84%-26.80%42.82%
Dividend Yield--0.00%9.35%2.95%9.87%4.37%5.98%2.18%1.77%2.71%5.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)74,093.35
(-) Cash Dividends Paid (M)12,100.56
(=) Cash Retained (M)61,992.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14,818.679,261.675,557.00
Cash Retained (M)61,992.7961,992.7961,992.79
(-) Cash Required (M)-14,818.67-9,261.67-5,557.00
(=) Excess Retained (M)47,174.1252,731.1256,435.79
(/) Shares Outstanding (M)1,936.051,936.051,936.05
(=) Excess Retained per Share24.3727.2429.15
LTM Dividend per Share6.256.256.25
(+) Excess Retained per Share24.3727.2429.15
(=) Adjusted Dividend30.6233.4935.40
WACC / Discount Rate7.06%7.06%7.06%
Growth Rate1.07%2.07%3.07%
Fair Value$517.16$685.87$915.96
Upside / Downside10.50%46.55%95.72%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)74,093.3575,629.5577,197.6178,798.1780,431.9282,099.5584,562.54
Payout Ratio16.33%31.07%45.80%60.53%75.27%90.00%92.50%
Projected Dividends (M)12,100.5623,494.4735,355.6647,698.5860,538.1373,889.5978,220.35

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.06%7.06%7.06%
Growth Rate1.07%2.07%3.07%
Year 1 PV (M)21,730.7721,945.7722,160.77
Year 2 PV (M)30,246.6930,848.1631,455.56
Year 3 PV (M)37,742.7938,874.1740,027.94
Year 4 PV (M)44,306.4646,086.0947,918.80
Year 5 PV (M)50,018.5252,542.3355,167.01
PV of Terminal Value (M)1,305,177.811,371,034.001,439,522.12
Equity Value (M)1,489,223.041,561,330.531,636,252.20
Shares Outstanding (M)1,936.051,936.051,936.05
Fair Value$769.21$806.45$845.15
Upside / Downside64.36%72.32%80.59%

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