Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Selectirente (SELER.PA)

Company Dividend Discount ModelIndustry: REIT - RetailSector: Real Estate

Valuation Snapshot

Stable Growth$858.08 - $2,643.75$2,477.58
Multi-Stage$355.67 - $389.23$372.14
Blended Fair Value$1,424.86
Current Price$81.50
Upside1,648.29%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS28.15%17.01%4.404.193.963.583.501.271.161.020.980.97
YoY Growth--5.11%5.57%10.83%2.13%175.16%9.54%14.04%3.55%1.84%5.70%
Dividend Yield--5.24%4.50%3.93%3.77%3.85%1.41%1.35%1.43%1.34%1.49%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)55.37
(-) Cash Dividends Paid (M)18.32
(=) Cash Retained (M)37.05
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11.076.924.15
Cash Retained (M)37.0537.0537.05
(-) Cash Required (M)-11.07-6.92-4.15
(=) Excess Retained (M)25.9730.1332.90
(/) Shares Outstanding (M)4.174.174.17
(=) Excess Retained per Share6.247.237.90
LTM Dividend per Share4.404.404.40
(+) Excess Retained per Share6.247.237.90
(=) Adjusted Dividend10.6311.6312.30
WACC / Discount Rate6.81%6.81%6.81%
Growth Rate5.50%6.50%7.50%
Fair Value$858.08$2,477.58$2,643.75
Upside / Downside952.86%2,939.97%3,143.86%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)55.3758.9762.8066.8971.2375.8678.14
Payout Ratio33.09%44.47%55.86%67.24%78.62%90.00%92.50%
Projected Dividends (M)18.3226.2335.0844.9756.0068.2872.28

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.81%6.81%6.81%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)24.3224.5624.79
Year 2 PV (M)30.1830.7531.33
Year 3 PV (M)35.8836.9137.96
Year 4 PV (M)41.4443.0344.67
Year 5 PV (M)46.8649.1251.47
PV of Terminal Value (M)1,302.801,365.731,431.06
Equity Value (M)1,481.481,550.101,621.28
Shares Outstanding (M)4.174.174.17
Fair Value$355.67$372.14$389.23
Upside / Downside336.40%356.62%377.58%

High-Yield Dividend Screener

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