Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

AMSC Asa (0JE5.L)

Company Dividend Discount ModelIndustry: General TransportationSector: Industrials

Valuation Snapshot

Stable Growth$8.34 - $13.73$10.74
Multi-Stage$26.10 - $28.82$27.43
Blended Fair Value$19.09
Current Price$0.15
Upside13,016.40%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-6.16%-2.40%0.202.780.420.350.300.270.270.310.390.35
YoY Growth---92.92%555.24%19.59%16.67%12.50%0.00%-12.08%-20.88%11.55%38.89%
Dividend Yield--7.38%104.76%10.70%9.63%8.63%14.51%6.96%10.27%11.69%10.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)54.02
(-) Cash Dividends Paid (M)0.23
(=) Cash Retained (M)53.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)10.806.754.05
Cash Retained (M)53.7953.7953.79
(-) Cash Required (M)-10.80-6.75-4.05
(=) Excess Retained (M)42.9947.0449.74
(/) Shares Outstanding (M)71.8671.8671.86
(=) Excess Retained per Share0.600.650.69
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share0.600.650.69
(=) Adjusted Dividend0.600.660.70
WACC / Discount Rate5.06%5.06%5.06%
Growth Rate-2.00%-1.00%0.00%
Fair Value$8.34$10.74$13.73
Upside / Downside5,634.45%7,281.06%9,338.30%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)54.0253.4852.9552.4251.8951.3852.92
Payout Ratio0.43%18.35%36.26%54.17%72.09%90.00%92.50%
Projected Dividends (M)0.239.8119.2028.4037.4146.2448.95

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.06%5.06%5.06%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)9.249.349.43
Year 2 PV (M)17.0417.3917.75
Year 3 PV (M)23.7524.4925.24
Year 4 PV (M)29.4830.7031.96
Year 5 PV (M)34.3336.1237.98
PV of Terminal Value (M)1,761.531,853.261,948.77
Equity Value (M)1,875.381,971.302,071.12
Shares Outstanding (M)71.8671.8671.86
Fair Value$26.10$27.43$28.82
Upside / Downside17,834.49%18,751.73%19,706.39%

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