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Fugro N.V. (0LNT.L)

Company Dividend Discount ModelIndustry: Oil & Gas Equipment & ServicesSector: Energy

Valuation Snapshot

Stable Growth$133.65 - $743.29$256.09
Multi-Stage$87.74 - $96.00$91.79
Blended Fair Value$173.94
Current Price$12.45
Upside1,297.13%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS70.18%-1.19%0.380.000.000.000.000.030.030.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%-100.00%-16.91%0.00%0.00%0.00%-100.00%
Dividend Yield--2.31%0.00%0.00%0.00%0.00%0.37%0.44%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)438.79
(-) Cash Dividends Paid (M)173.30
(=) Cash Retained (M)265.49
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)87.7654.8532.91
Cash Retained (M)265.49265.49265.49
(-) Cash Required (M)-87.76-54.85-32.91
(=) Excess Retained (M)177.73210.64232.58
(/) Shares Outstanding (M)116.73116.73116.73
(=) Excess Retained per Share1.521.801.99
LTM Dividend per Share1.481.481.48
(+) Excess Retained per Share1.521.801.99
(=) Adjusted Dividend3.013.293.48
WACC / Discount Rate7.24%7.24%7.24%
Growth Rate4.88%5.88%6.88%
Fair Value$133.65$256.09$743.29
Upside / Downside973.51%1,956.97%5,870.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)438.79464.60491.92520.86551.50583.94601.45
Payout Ratio39.50%49.60%59.70%69.80%79.90%90.00%92.50%
Projected Dividends (M)173.30230.42293.66363.55440.64525.54556.34

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.24%7.24%7.24%
Growth Rate4.88%5.88%6.88%
Year 1 PV (M)212.83214.86216.89
Year 2 PV (M)250.54255.34260.19
Year 3 PV (M)286.49294.76303.19
Year 4 PV (M)320.73333.14345.90
Year 5 PV (M)353.33370.50388.33
PV of Terminal Value (M)8,817.639,246.089,691.03
Equity Value (M)10,241.5510,714.6811,205.53
Shares Outstanding (M)116.73116.73116.73
Fair Value$87.74$91.79$96.00
Upside / Downside604.73%637.29%671.06%

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