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Oeneo S.A. (0O33.L)

Company Dividend Discount ModelIndustry: Packaging & ContainersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$32.73 - $178.25$63.73
Multi-Stage$27.16 - $29.73$28.42
Blended Fair Value$46.07
Current Price$9.12
Upside405.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS87.40%13.98%0.350.700.600.200.000.020.020.100.010.01
YoY Growth---50.49%16.45%202.06%0.00%-100.00%-16.23%-82.13%1,122.64%0.38%-91.28%
Dividend Yield--3.81%6.63%4.37%1.48%0.00%0.14%0.18%0.99%0.10%0.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)58.62
(-) Cash Dividends Paid (M)45.06
(=) Cash Retained (M)13.55
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11.727.334.40
Cash Retained (M)13.5513.5513.55
(-) Cash Required (M)-11.72-7.33-4.40
(=) Excess Retained (M)1.836.239.16
(/) Shares Outstanding (M)64.4864.4864.48
(=) Excess Retained per Share0.030.100.14
LTM Dividend per Share0.700.700.70
(+) Excess Retained per Share0.030.100.14
(=) Adjusted Dividend0.730.800.84
WACC / Discount Rate6.29%6.29%6.29%
Growth Rate3.98%4.98%5.98%
Fair Value$32.73$63.73$178.25
Upside / Downside258.91%598.76%1,854.53%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)58.6261.5464.6167.8371.2174.7577.00
Payout Ratio76.88%79.50%82.13%84.75%87.38%90.00%92.50%
Projected Dividends (M)45.0648.9253.0657.4862.2267.2871.22

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.29%6.29%6.29%
Growth Rate3.98%4.98%5.98%
Year 1 PV (M)45.5946.0346.46
Year 2 PV (M)46.0746.9647.86
Year 3 PV (M)46.5147.8649.24
Year 4 PV (M)46.9148.7450.62
Year 5 PV (M)47.2749.5851.99
PV of Terminal Value (M)1,518.751,593.201,670.54
Equity Value (M)1,751.091,832.371,916.72
Shares Outstanding (M)64.4864.4864.48
Fair Value$27.16$28.42$29.73
Upside / Downside197.79%211.62%225.96%

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