Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Munters Group AB (publ) (MTRS.ST)

Company Dividend Discount ModelIndustry: Industrial - Pollution & Treatment ControlsSector: Industrials

Valuation Snapshot

Stable Growth$274.64 - $323.58$303.24
Multi-Stage$56.92 - $62.31$59.57
Blended Fair Value$181.40
Current Price$111.90
Upside62.11%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%1.300.950.840.700.000.000.300.000.000.00
YoY Growth--36.99%12.34%21.26%0.00%0.00%-100.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.28%0.52%0.88%1.20%0.00%0.00%0.72%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)297.00
(-) Cash Dividends Paid (M)160.00
(=) Cash Retained (M)137.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)59.4037.1322.28
Cash Retained (M)137.00137.00137.00
(-) Cash Required (M)-59.40-37.13-22.28
(=) Excess Retained (M)77.6099.88114.73
(/) Shares Outstanding (M)182.54182.54182.54
(=) Excess Retained per Share0.430.550.63
LTM Dividend per Share0.880.880.88
(+) Excess Retained per Share0.430.550.63
(=) Adjusted Dividend1.301.421.51
WACC / Discount Rate5.98%5.98%5.98%
Growth Rate5.50%6.50%7.50%
Fair Value$274.64$303.24$323.58
Upside / Downside145.44%170.99%189.16%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)297.00316.31336.86358.76382.08406.92419.12
Payout Ratio53.87%61.10%68.32%75.55%82.77%90.00%92.50%
Projected Dividends (M)160.00193.25230.16271.04316.26366.22387.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.98%5.98%5.98%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)180.64182.35184.06
Year 2 PV (M)201.09204.92208.79
Year 3 PV (M)221.35227.70234.18
Year 4 PV (M)241.42250.71260.26
Year 5 PV (M)261.31273.93287.04
PV of Terminal Value (M)9,285.019,733.4810,199.11
Equity Value (M)10,390.8210,873.0911,373.43
Shares Outstanding (M)182.54182.54182.54
Fair Value$56.92$59.57$62.31
Upside / Downside-49.13%-46.77%-44.32%

High-Yield Dividend Screener

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