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RIAS A/S (RIAS-B.CO)

Company Dividend Discount ModelIndustry: Construction MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$4,304.91 - $19,825.33$9,736.36
Multi-Stage$3,050.35 - $3,338.34$3,191.68
Blended Fair Value$6,464.02
Current Price$625.00
Upside934.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.15%6.34%37.0050.0135.0025.0025.0025.0020.0020.0018.0020.00
YoY Growth---26.01%42.86%39.99%0.00%0.00%24.99%0.00%11.13%-10.02%0.00%
Dividend Yield--5.56%7.46%6.14%3.88%5.56%5.76%4.45%4.65%4.62%4.35%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)23.24
(-) Cash Dividends Paid (M)17.07
(=) Cash Retained (M)6.17
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.652.901.74
Cash Retained (M)6.176.176.17
(-) Cash Required (M)-4.65-2.90-1.74
(=) Excess Retained (M)1.533.274.43
(/) Shares Outstanding (M)0.230.230.23
(=) Excess Retained per Share6.6114.1719.21
LTM Dividend per Share74.0074.0074.00
(+) Excess Retained per Share6.6114.1719.21
(=) Adjusted Dividend80.6288.1793.21
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate4.34%5.34%6.34%
Fair Value$4,304.91$9,736.36$19,825.33
Upside / Downside588.79%1,457.82%3,072.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)23.2424.4825.7927.1728.6230.1531.05
Payout Ratio73.44%76.75%80.06%83.37%86.69%90.00%92.50%
Projected Dividends (M)17.0718.7920.6522.6524.8127.1328.72

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate4.34%5.34%6.34%
Year 1 PV (M)17.5117.6817.84
Year 2 PV (M)17.9318.2718.62
Year 3 PV (M)18.3318.8619.40
Year 4 PV (M)18.7019.4320.18
Year 5 PV (M)19.0619.9920.96
PV of Terminal Value (M)611.92641.81672.85
Equity Value (M)703.45736.04769.86
Shares Outstanding (M)0.230.230.23
Fair Value$3,050.35$3,191.68$3,338.34
Upside / Downside388.06%410.67%434.13%

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