Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hypera S.A. (HYPE3.SA)

Company Dividend Discount ModelIndustry: Drug Manufacturers - Specialty & GenericSector: Healthcare

Valuation Snapshot

Stable Growth$217.93 - $256.76$240.62
Multi-Stage$70.83 - $77.56$74.13
Blended Fair Value$157.38
Current Price$22.73
Upside592.38%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.78%0.00%1.231.191.261.171.070.980.990.640.500.00
YoY Growth--3.61%-5.75%8.08%9.30%9.47%-1.51%54.45%29.65%0.00%0.00%
Dividend Yield--6.37%3.68%3.34%3.00%3.30%3.36%3.67%1.75%1.71%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)823.94
(-) Cash Dividends Paid (M)732.03
(=) Cash Retained (M)91.91
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)164.79102.9961.80
Cash Retained (M)91.9191.9191.91
(-) Cash Required (M)-164.79-102.99-61.80
(=) Excess Retained (M)-72.88-11.0830.11
(/) Shares Outstanding (M)638.18638.18638.18
(=) Excess Retained per Share-0.11-0.020.05
LTM Dividend per Share1.151.151.15
(+) Excess Retained per Share-0.11-0.020.05
(=) Adjusted Dividend1.031.131.19
WACC / Discount Rate4.94%4.94%4.94%
Growth Rate5.50%6.50%7.50%
Fair Value$217.93$240.62$256.76
Upside / Downside858.79%958.61%1,029.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)823.94877.49934.53995.281,059.971,128.871,162.73
Payout Ratio88.85%89.08%89.31%89.54%89.77%90.00%92.50%
Projected Dividends (M)732.03781.64834.60891.15951.521,015.981,075.53

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.94%4.94%4.94%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)737.82744.81751.81
Year 2 PV (M)743.65757.81772.11
Year 3 PV (M)749.52771.03792.96
Year 4 PV (M)755.43784.48814.36
Year 5 PV (M)761.38798.16836.34
PV of Terminal Value (M)41,451.6343,453.7545,532.51
Equity Value (M)45,199.4247,310.0549,500.08
Shares Outstanding (M)638.18638.18638.18
Fair Value$70.83$74.13$77.56
Upside / Downside211.59%226.14%241.24%

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