Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Alupar Investimento S.A. (ALUP11.SA)

Company Dividend Discount ModelIndustry: Renewable UtilitiesSector: Utilities

Valuation Snapshot

Stable Growth$82.65 - $224.11$127.24
Multi-Stage$97.15 - $106.32$101.65
Blended Fair Value$114.45
Current Price$31.99
Upside257.75%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS16.69%-0.74%2.913.403.252.682.001.341.551.331.491.45
YoY Growth---14.50%4.67%20.99%34.09%48.99%-13.35%16.68%-11.01%3.23%-53.78%
Dividend Yield--10.40%11.94%13.58%10.94%8.78%6.72%7.52%8.43%8.20%11.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,163.36
(-) Cash Dividends Paid (M)1,118.14
(=) Cash Retained (M)45.22
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)232.67145.4287.25
Cash Retained (M)45.2245.2245.22
(-) Cash Required (M)-232.67-145.42-87.25
(=) Excess Retained (M)-187.45-100.20-42.03
(/) Shares Outstanding (M)327.63327.63327.63
(=) Excess Retained per Share-0.57-0.31-0.13
LTM Dividend per Share3.413.413.41
(+) Excess Retained per Share-0.57-0.31-0.13
(=) Adjusted Dividend2.843.113.28
WACC / Discount Rate6.47%6.47%6.47%
Growth Rate2.93%3.93%4.93%
Fair Value$82.65$127.24$224.11
Upside / Downside158.35%297.75%600.56%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,163.361,209.121,256.691,306.131,357.511,410.921,453.24
Payout Ratio96.11%94.89%93.67%92.45%91.22%90.00%92.50%
Projected Dividends (M)1,118.141,147.341,177.111,207.451,238.361,269.831,344.25

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.47%6.47%6.47%
Growth Rate2.93%3.93%4.93%
Year 1 PV (M)1,067.231,077.601,087.97
Year 2 PV (M)1,018.481,038.361,058.44
Year 3 PV (M)971.781,000.381,029.53
Year 4 PV (M)927.07963.621,001.24
Year 5 PV (M)884.25928.04973.56
PV of Terminal Value (M)26,961.2928,296.6229,684.35
Equity Value (M)31,830.0933,304.6334,835.09
Shares Outstanding (M)327.63327.63327.63
Fair Value$97.15$101.65$106.32
Upside / Downside203.70%217.76%232.37%

High-Yield Dividend Screener

« Prev Page 7 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PLYMPlymouth Industrial REIT, Inc.4.80%$1.0549.94%
SAFTSafety Insurance Group, Inc.4.80%$3.6361.47%
CETCentral Securities Corp.4.79%$2.4313.87%
GBLIGlobal Indemnity Group, LLC4.79%$1.3870.11%
JANIXJanus Henderson Triton Fund Class D4.79%$1.2767.95%
MITNAG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 20294.77%$1.2175.90%
PRUPrudential Financial, Inc.4.77%$5.4373.37%
IFAFXThe Income Fund of America, Class F-1 Shares4.76%$1.2433.91%
AMECXAmerican Funds The Income Fund of America Class A4.74%$1.2433.91%
UMPQUmpqua Holdings Corporation4.74%$0.8454.13%
NFBKNorthfield Bancorp, Inc.4.73%$0.5454.01%
SBSISouthside Bancshares, Inc.4.72%$1.4462.24%
TNLTravel + Leisure Co.4.72%$3.4054.99%
AIRCApartment Income REIT Corp.4.68%$1.8341.27%
SONSonoco Products Company4.68%$2.0832.95%
OFLXOmega Flex, Inc.4.67%$1.3685.30%
FTAIOFTAI Aviation Ltd.4.65%$1.1825.22%
WDWalker & Dunlop, Inc.4.65%$2.7379.29%
0J2Z.LHA Sustainable Infrastructure Capital, Inc.4.63%$1.4766.70%
FLMNFalcon Minerals Corporation4.63%$0.3681.83%
GSRMGSR II Meteora Acquisition Corp.4.62%$0.1532.94%
FBFWXAmerican Funds Retirement Income Portfolio - Moderate Class F-14.61%$0.6379.77%
GPSThe Gap, Inc.4.61%$0.9341.48%
QUADQuad/Graphics, Inc.4.61%$0.2764.56%
BMYBristol-Myers Squibb Company4.59%$2.4582.81%
WTBAWest Bancorporation, Inc.4.56%$0.9952.39%
SCPLSciPlay Corporation4.55%$1.0417.40%
OLPOne Liberty Properties, Inc.4.53%$0.9257.61%
RWAYLRunway Growth Finance Corp. - 74.53%$1.1475.51%
INSWInternational Seaways, Inc.4.52%$2.1248.43%
RWAYZRunway Growth Finance Corp. 8.00% Notes due 20274.52%$1.1475.51%
DDominion Energy, Inc.4.48%$2.6597.13%
TGTTarget Corporation4.48%$4.5054.48%
COLBColumbia Banking System, Inc.4.47%$1.2662.95%
DFPAXBNY Mellon Diversified International Fund Class A4.46%$0.4556.12%
KEYKeyCorp4.46%$0.9495.81%
RPTIXT. Rowe Price Mid-Cap Growth Fund4.46%$4.3859.54%
CGBDCarlyle Secured Lending, Inc.4.45%$0.5655.08%
NEWTPNewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B4.44%$1.0244.14%
PFCPremier Financial Corp.4.43%$1.2468.07%
BFCBank First Corporation4.40%$5.3073.82%
DUKDuke Energy Corporation4.40%$5.1780.55%
0L77.LSkyworks Solutions, Inc.4.37%$2.7990.67%
ESCAEscalade, Incorporated4.35%$0.6065.28%
DINOHF Sinclair Corporation4.34%$2.0396.43%
LBAILakeland Bancorp, Inc.4.34%$0.5844.96%
CVXChevron Corporation4.32%$6.7495.36%
CVBFCVB Financial Corp.4.31%$0.8154.32%
HTBKHeritage Commerce Corp4.30%$0.5273.66%
EQREquity Residential4.28%$2.6689.76%