Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sollers Public Joint Stock Company (SVAV.ME)

Company Dividend Discount ModelIndustry: Auto - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$13,184.36 - $54,407.83$33,932.53
Multi-Stage$6,556.26 - $7,169.76$6,857.40
Blended Fair Value$20,394.97
Current Price$654.00
Upside3,018.50%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320212020201920182017201620152014
DPS138.40%56.23%44.020.000.000.000.000.570.000.1057.6455.93
YoY Growth--0.00%0.00%0.00%0.00%-100.00%0.00%-100.00%-99.83%3.07%10,906.25%
Dividend Yield--6.21%0.00%0.00%0.00%0.00%0.13%0.00%0.02%13.62%15.18%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8,613.88
(-) Cash Dividends Paid (M)3,483.60
(=) Cash Retained (M)5,130.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,722.781,076.73646.04
Cash Retained (M)5,130.285,130.285,130.28
(-) Cash Required (M)-1,722.78-1,076.73-646.04
(=) Excess Retained (M)3,407.504,053.544,484.23
(/) Shares Outstanding (M)31.4931.4931.49
(=) Excess Retained per Share108.22128.74142.42
LTM Dividend per Share110.64110.64110.64
(+) Excess Retained per Share108.22128.74142.42
(=) Adjusted Dividend218.86239.38253.06
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate5.50%6.50%7.50%
Fair Value$13,184.36$33,932.53$54,407.83
Upside / Downside1,915.96%5,088.46%8,219.24%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,613.889,173.789,770.0710,405.1311,081.4611,801.7612,155.81
Payout Ratio40.44%50.35%60.27%70.18%80.09%90.00%92.50%
Projected Dividends (M)3,483.604,619.315,887.947,301.988,874.9610,621.5811,244.12

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)4,266.554,307.004,347.44
Year 2 PV (M)5,023.015,118.685,215.26
Year 3 PV (M)5,753.625,918.786,087.08
Year 4 PV (M)6,459.036,707.436,962.92
Year 5 PV (M)7,139.877,484.737,842.79
PV of Terminal Value (M)177,788.39186,375.63195,291.53
Equity Value (M)206,430.47215,912.25225,747.01
Shares Outstanding (M)31.4931.4931.49
Fair Value$6,556.26$6,857.40$7,169.76
Upside / Downside902.49%948.53%996.29%

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