Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Huhtamäki Oyj (0K9W.IL)

Company Dividend Discount ModelIndustry: Packaging & ContainersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$70.77 - $374.53$140.92
Multi-Stage$57.31 - $62.78$59.99
Blended Fair Value$100.46
Current Price$29.48
Upside240.76%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.66%6.43%1.051.000.940.920.890.840.800.730.650.59
YoY Growth--5.26%6.52%2.19%3.34%6.05%4.91%9.87%10.95%10.13%5.42%
Dividend Yield--3.20%2.61%2.74%2.90%2.30%2.87%2.34%2.04%1.96%1.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)200.10
(-) Cash Dividends Paid (M)112.20
(=) Cash Retained (M)87.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)40.0225.0115.01
Cash Retained (M)87.9087.9087.90
(-) Cash Required (M)-40.02-25.01-15.01
(=) Excess Retained (M)47.8862.8972.89
(/) Shares Outstanding (M)104.77104.77104.77
(=) Excess Retained per Share0.460.600.70
LTM Dividend per Share1.071.071.07
(+) Excess Retained per Share0.460.600.70
(=) Adjusted Dividend1.531.671.77
WACC / Discount Rate6.24%6.24%6.24%
Growth Rate3.99%4.99%5.99%
Fair Value$70.77$140.92$374.53
Upside / Downside140.08%378.01%1,170.44%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)200.10210.09220.59231.60243.17255.31262.97
Payout Ratio56.07%62.86%69.64%76.43%83.21%90.00%92.50%
Projected Dividends (M)112.20132.06153.62177.01202.35229.78243.25

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.24%6.24%6.24%
Growth Rate3.99%4.99%5.99%
Year 1 PV (M)123.12124.30125.49
Year 2 PV (M)133.53136.11138.71
Year 3 PV (M)143.44147.62151.88
Year 4 PV (M)152.88158.84164.98
Year 5 PV (M)161.85169.78178.02
PV of Terminal Value (M)5,289.345,548.595,817.91
Equity Value (M)6,004.166,285.256,576.99
Shares Outstanding (M)104.77104.77104.77
Fair Value$57.31$59.99$62.78
Upside / Downside94.40%103.51%112.95%

High-Yield Dividend Screener

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