Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Uzin Utz AG (UZU.DE)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$706.63 - $2,158.98$2,023.22
Multi-Stage$317.95 - $347.98$332.69
Blended Fair Value$1,177.96
Current Price$60.50
Upside1,847.03%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.69%7.19%1.601.601.801.551.301.331.301.301.000.90
YoY Growth--0.00%-11.11%16.13%19.23%-2.61%2.68%0.00%30.02%11.22%12.50%
Dividend Yield--3.29%3.59%3.56%1.86%2.39%2.24%2.64%2.05%1.85%2.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)54.95
(-) Cash Dividends Paid (M)25.73
(=) Cash Retained (M)29.22
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)10.996.874.12
Cash Retained (M)29.2229.2229.22
(-) Cash Required (M)-10.99-6.87-4.12
(=) Excess Retained (M)18.2322.3625.10
(/) Shares Outstanding (M)5.055.055.05
(=) Excess Retained per Share3.614.434.97
LTM Dividend per Share5.105.105.10
(+) Excess Retained per Share3.614.434.97
(=) Adjusted Dividend8.719.5310.07
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate5.19%6.19%7.19%
Fair Value$706.63$2,023.22$2,158.98
Upside / Downside1,067.99%3,244.17%3,468.56%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)54.9558.3561.9665.8069.8774.1976.42
Payout Ratio46.82%55.45%64.09%72.73%81.36%90.00%92.50%
Projected Dividends (M)25.7332.3639.7147.8556.8566.7870.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate5.19%6.19%7.19%
Year 1 PV (M)30.1030.3930.67
Year 2 PV (M)34.3735.0235.68
Year 3 PV (M)38.5239.6340.76
Year 4 PV (M)42.5744.2145.90
Year 5 PV (M)46.5248.7751.11
PV of Terminal Value (M)1,412.651,481.091,552.15
Equity Value (M)1,604.721,679.111,756.28
Shares Outstanding (M)5.055.055.05
Fair Value$317.95$332.69$347.98
Upside / Downside425.54%449.90%475.17%

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