Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Perenti Limited (PRN.AX)

Company Dividend Discount ModelIndustry: Industrial MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$6.80 - $28.35$11.70
Multi-Stage$4.27 - $4.66$4.46
Blended Fair Value$8.08
Current Price$1.62
Upside398.93%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS24.71%22.70%0.080.020.000.010.070.020.040.020.010.00
YoY Growth--279.12%4,293.56%-96.92%-77.78%164.30%-43.62%114.57%217.88%0.00%-100.00%
Dividend Yield--4.65%1.97%0.04%2.24%9.84%2.15%2.40%1.12%0.35%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)216.09
(-) Cash Dividends Paid (M)84.82
(=) Cash Retained (M)131.27
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)43.2227.0116.21
Cash Retained (M)131.27131.27131.27
(-) Cash Required (M)-43.22-27.01-16.21
(=) Excess Retained (M)88.06104.26115.07
(/) Shares Outstanding (M)962.82962.82962.82
(=) Excess Retained per Share0.090.110.12
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share0.090.110.12
(=) Adjusted Dividend0.180.200.21
WACC / Discount Rate8.29%8.29%8.29%
Growth Rate5.50%6.50%7.50%
Fair Value$6.80$11.70$28.35
Upside / Downside319.53%622.42%1,650.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)216.09230.14245.10261.03277.99296.06304.95
Payout Ratio39.25%49.40%59.55%69.70%79.85%90.00%92.50%
Projected Dividends (M)84.82113.69145.96181.94221.98266.46282.07

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.29%8.29%8.29%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)104.00104.99105.97
Year 2 PV (M)122.14124.47126.82
Year 3 PV (M)139.28143.28147.36
Year 4 PV (M)155.46161.44167.59
Year 5 PV (M)170.71178.96187.52
PV of Terminal Value (M)3,418.053,583.143,754.55
Equity Value (M)4,109.654,296.284,489.81
Shares Outstanding (M)962.82962.82962.82
Fair Value$4.27$4.46$4.66
Upside / Downside163.48%175.44%187.85%

High-Yield Dividend Screener

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