Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Camil Alimentos S.A. (CAML3.SA)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$18.76 - $93.37$39.33
Multi-Stage$10.51 - $11.48$10.99
Blended Fair Value$25.16
Current Price$4.89
Upside414.51%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS7.09%11.39%0.290.290.370.260.610.200.190.470.450.09
YoY Growth--0.00%-23.08%44.44%-58.14%202.82%9.23%-60.61%5.28%422.41%-11.76%
Dividend Yield--6.01%3.10%5.76%3.00%7.09%2.39%3.43%7.50%6.55%1.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)164.42
(-) Cash Dividends Paid (M)100.00
(=) Cash Retained (M)64.42
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)32.8820.5512.33
Cash Retained (M)64.4264.4264.42
(-) Cash Required (M)-32.88-20.55-12.33
(=) Excess Retained (M)31.5343.8652.08
(/) Shares Outstanding (M)350.18350.18350.18
(=) Excess Retained per Share0.090.130.15
LTM Dividend per Share0.290.290.29
(+) Excess Retained per Share0.090.130.15
(=) Adjusted Dividend0.380.410.43
WACC / Discount Rate7.61%7.61%7.61%
Growth Rate5.50%6.50%7.50%
Fair Value$18.76$39.33$93.37
Upside / Downside283.62%704.32%1,809.51%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)164.42175.10186.48198.61211.51225.26232.02
Payout Ratio60.82%66.66%72.49%78.33%84.16%90.00%92.50%
Projected Dividends (M)100.00116.72135.19155.56178.02202.74214.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.61%7.61%7.61%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)107.44108.46109.48
Year 2 PV (M)114.56116.74118.94
Year 3 PV (M)121.35124.83128.38
Year 4 PV (M)127.83132.75137.80
Year 5 PV (M)134.01140.48147.20
PV of Terminal Value (M)3,075.693,224.243,378.48
Equity Value (M)3,680.873,847.504,020.29
Shares Outstanding (M)350.18350.18350.18
Fair Value$10.51$10.99$11.48
Upside / Downside114.96%124.69%134.78%

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