Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Elton International Trading Company S.A. (ELTON.AT)

Company Dividend Discount ModelIndustry: ChemicalsSector: Basic Materials

Valuation Snapshot

Stable Growth$20.62 - $24.33$22.78
Multi-Stage$33.66 - $37.21$35.40
Blended Fair Value$29.09
Current Price$1.75
Upside1,562.28%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.120.100.080.040.060.040.080.000.00
YoY Growth---100.00%20.13%25.02%100.26%-33.50%50.00%-50.00%0.00%0.00%-100.00%
Dividend Yield--0.00%5.61%4.42%4.37%2.87%3.45%3.28%5.88%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3.51
(-) Cash Dividends Paid (M)0.54
(=) Cash Retained (M)2.98
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.700.440.26
Cash Retained (M)2.982.982.98
(-) Cash Required (M)-0.70-0.44-0.26
(=) Excess Retained (M)2.272.542.71
(/) Shares Outstanding (M)26.7326.7326.73
(=) Excess Retained per Share0.090.090.10
LTM Dividend per Share0.020.020.02
(+) Excess Retained per Share0.090.090.10
(=) Adjusted Dividend0.110.120.12
WACC / Discount Rate-19.19%-19.19%-19.19%
Growth Rate-2.00%-1.00%0.00%
Fair Value$20.62$22.78$24.33
Upside / Downside1,078.21%1,201.81%1,290.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3.513.483.443.413.383.343.44
Payout Ratio15.29%30.23%45.18%60.12%75.06%90.00%92.50%
Projected Dividends (M)0.541.051.562.052.533.013.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-19.19%-19.19%-19.19%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)1.291.301.31
Year 2 PV (M)2.332.382.43
Year 3 PV (M)3.773.884.00
Year 4 PV (M)5.705.946.18
Year 5 PV (M)8.298.739.18
PV of Terminal Value (M)878.09923.82971.43
Equity Value (M)899.48946.05994.54
Shares Outstanding (M)26.7326.7326.73
Fair Value$33.66$35.40$37.21
Upside / Downside1,823.17%1,922.74%2,026.40%

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