Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

JDE Peet's N.V. (JDE.DE)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$21.03 - $32.26$26.26
Multi-Stage$47.15 - $51.81$49.43
Blended Fair Value$37.85
Current Price$24.24
Upside56.14%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS38.05%0.00%0.690.680.700.360.020.140.181.140.000.00
YoY Growth--0.59%-1.74%96.02%1,500.00%-83.82%-24.44%-84.07%0.00%0.00%0.00%
Dividend Yield--4.17%2.81%2.58%1.31%0.06%0.38%0.51%3.18%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,150.00
(-) Cash Dividends Paid (M)855.00
(=) Cash Retained (M)295.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)230.00143.7586.25
Cash Retained (M)295.00295.00295.00
(-) Cash Required (M)-230.00-143.75-86.25
(=) Excess Retained (M)65.00151.25208.75
(/) Shares Outstanding (M)495.22495.22495.22
(=) Excess Retained per Share0.130.310.42
LTM Dividend per Share1.731.731.73
(+) Excess Retained per Share0.130.310.42
(=) Adjusted Dividend1.862.032.15
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate-2.00%-1.00%0.00%
Fair Value$21.03$26.26$32.26
Upside / Downside-13.26%8.35%33.08%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,150.001,138.501,127.121,115.841,104.691,093.641,126.45
Payout Ratio74.35%77.48%80.61%83.74%86.87%90.00%92.50%
Projected Dividends (M)855.00882.09908.55934.40959.64984.271,041.96

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)818.67827.02835.37
Year 2 PV (M)782.59798.65814.86
Year 3 PV (M)746.99770.09793.66
Year 4 PV (M)712.00741.51771.93
Year 5 PV (M)677.77713.06749.81
PV of Terminal Value (M)19,609.1220,630.2121,693.40
Equity Value (M)23,347.1324,480.5425,659.04
Shares Outstanding (M)495.22495.22495.22
Fair Value$47.15$49.43$51.81
Upside / Downside94.49%103.94%113.75%

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