Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dpmmetals Cdi 1:1 [dpm] (DPM.AX)

Company Dividend Discount ModelIndustry: GoldSector: Basic Materials

Valuation Snapshot

Stable Growth$10.88 - $15.46$13.14
Multi-Stage$12.09 - $13.23$12.65
Blended Fair Value$12.89
Current Price$22.36
Upside-42.33%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.150.160.150.120.070.000.000.000.000.00
YoY Growth---4.13%5.45%29.19%60.15%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.76%0.76%0.70%0.49%0.30%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)303.35
(-) Cash Dividends Paid (M)27.71
(=) Cash Retained (M)275.64
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)60.6737.9222.75
Cash Retained (M)275.64275.64275.64
(-) Cash Required (M)-60.67-37.92-22.75
(=) Excess Retained (M)214.97237.72252.89
(/) Shares Outstanding (M)191.71191.71191.71
(=) Excess Retained per Share1.121.241.32
LTM Dividend per Share0.140.140.14
(+) Excess Retained per Share1.121.241.32
(=) Adjusted Dividend1.271.381.46
WACC / Discount Rate12.68%12.68%12.68%
Growth Rate0.94%1.94%2.94%
Fair Value$10.88$13.14$15.46
Upside / Downside-51.34%-41.25%-30.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)303.35309.24315.24321.36327.60333.96343.97
Payout Ratio9.14%25.31%41.48%57.65%73.83%90.00%92.50%
Projected Dividends (M)27.7178.26130.77185.28241.86300.56318.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate12.68%12.68%12.68%
Growth Rate0.94%1.94%2.94%
Year 1 PV (M)68.7769.4570.13
Year 2 PV (M)100.97102.98105.01
Year 3 PV (M)125.71129.49133.34
Year 4 PV (M)144.20150.00155.97
Year 5 PV (M)157.47165.43173.70
PV of Terminal Value (M)1,721.271,808.231,898.68
Equity Value (M)2,318.402,425.582,536.84
Shares Outstanding (M)191.71191.71191.71
Fair Value$12.09$12.65$13.23
Upside / Downside-45.91%-43.41%-40.82%

High-Yield Dividend Screener

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