Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Valero Energy Corporation (VLO)

Company Dividend Discount ModelIndustry: Oil & Gas Refining & MarketingSector: Energy

Valuation Snapshot

Stable Growth$50.86 - $81.49$64.72
Multi-Stage$77.28 - $84.45$80.80
Blended Fair Value$72.76
Current Price$170.26
Upside-57.27%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.49%9.59%4.434.644.995.125.124.774.383.973.552.71
YoY Growth---4.68%-7.04%-2.50%0.13%7.24%8.98%10.23%11.79%31.01%53.07%
Dividend Yield--3.35%2.69%3.58%5.04%7.15%10.52%5.06%4.28%5.36%4.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,495.00
(-) Cash Dividends Paid (M)1,400.00
(=) Cash Retained (M)95.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)299.00186.88112.13
Cash Retained (M)95.0095.0095.00
(-) Cash Required (M)-299.00-186.88-112.13
(=) Excess Retained (M)-204.00-91.88-17.13
(/) Shares Outstanding (M)312.75312.75312.75
(=) Excess Retained per Share-0.65-0.29-0.05
LTM Dividend per Share4.484.484.48
(+) Excess Retained per Share-0.65-0.29-0.05
(=) Adjusted Dividend3.824.184.42
WACC / Discount Rate8.32%8.32%8.32%
Growth Rate0.75%1.75%2.75%
Fair Value$50.86$64.72$81.49
Upside / Downside-70.13%-61.99%-52.14%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,495.001,521.091,547.631,574.641,602.121,630.081,678.98
Payout Ratio93.65%92.92%92.19%91.46%90.73%90.00%92.50%
Projected Dividends (M)1,400.001,413.341,426.721,440.141,453.591,467.071,553.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.32%8.32%8.32%
Growth Rate0.75%1.75%2.75%
Year 1 PV (M)1,291.961,304.781,317.61
Year 2 PV (M)1,192.181,215.961,239.98
Year 3 PV (M)1,100.041,133.121,166.86
Year 4 PV (M)1,014.951,055.861,097.98
Year 5 PV (M)936.39983.801,033.10
PV of Terminal Value (M)18,632.5019,575.7720,556.87
Equity Value (M)24,168.0125,269.2926,412.40
Shares Outstanding (M)312.75312.75312.75
Fair Value$77.28$80.80$84.45
Upside / Downside-54.61%-52.54%-50.40%

High-Yield Dividend Screener

« Prev Page 82 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
001965.SZChina Merchants Expressway Network & Technology Holdings Co.,Ltd.1.56%$0.1620.63%
005430.KSKorea Airport Service Co.,Ltd.1.56%$999.968.24%
009540.KSKorea Shipbuilding & Offshore Engineering Co., Ltd.1.56%$6,131.9325.76%
1364.HKGuming1.56%$0.3837.59%
2287.SRArabian Company for Agricultural and Industrial Investment1.56%$0.5044.58%
300505.SZKunming Chuan Jin Nuo Chemical Co., Ltd.1.56%$0.3525.89%
300595.SZAutek China Inc.1.56%$0.2341.79%
3843.TFreeBit Co., Ltd.1.56%$26.3519.53%
600803.SSENN Natural Gas Co., Ltd.1.56%$0.3222.50%
7712.TWOPotens1.56%$1.3527.60%
9982.TTakihyo Co., Ltd.1.56%$35.4219.23%
DPNS.JKPT Duta Pertiwi Nusantara Tbk1.56%$4.8319.22%
FTT.TOFinning International Inc.1.56%$1.1722.66%
QAN.AXQantas Airways Limited1.56%$0.168.74%
WEGE3.SAWEG S.A.1.56%$0.7548.87%
000640.KSDong-A Socio Holdings Co., Ltd.1.55%$1,671.189.99%
300230.SZShanghai YongLi Belting Co., Ltd1.55%$0.0726.87%
300573.SZShenyang Xingqi Pharmaceutical Co.,Ltd1.55%$1.0941.31%
600298.SSAngel Yeast Co., Ltd1.55%$0.6838.99%
601702.SSShanghai Huafon Aluminium Corporation1.55%$0.3225.48%
601788.SSEverbright Securities Company Limited1.55%$0.2733.48%
6290.TWOLongwell Company1.55%$2.8845.81%
000975.SZShanjin International Gold Co., Ltd.1.54%$0.3735.79%
300515.SZHunan Sundy Science and Technology Co., Ltd.1.54%$0.3033.61%
600018.SSShanghai International Port (Group) Co., Ltd.1.54%$0.0813.46%
600251.SSXinjiang Guannong Fruit & Antler Co.,Ltd.1.54%$0.1450.13%
603980.SSZhejiang Jihua Group Co., Ltd.1.54%$0.0892.72%
688663.SSWindSun Science&Technology Co.,Ltd.1.54%$0.6060.19%
7354.TDirect Marketing MiX Inc.1.54%$4.4816.60%
ALNSC.PANSC Groupe S.A.1.54%$1.133.63%
EYDAP.ATAthens Water Supply and Sewerage Company S.A.1.54%$0.1244.88%
KALPATPOWR.NSKalpataru Power Transmission Limited1.54%$7.9627.39%
MAGMAG Silver Corp.1.54%$0.3837.80%
NSISBC.XDNovonesis (Novozymes) B1.54%$6.1268.56%
002062.SZHongrun Construction Group Co., Ltd.1.53%$0.1462.78%
002074.SZGotion High-tech Co.,Ltd.1.53%$0.6032.33%
003011.SZZhejiang Walrus New Material Co.,Ltd.1.53%$0.3424.62%
072130.KSUANGEL Corporation1.53%$70.0520.95%
0ROV.LBanque Cantonale du Jura S.A.1.53%$0.8810.04%
4612.TNippon Paint Holdings Co., Ltd.1.53%$16.0022.99%
603018.SSChina Design Group Co., Ltd.1.53%$0.1223.64%
603619.SSZhongman Petroleum and Natural Gas Group Corp., Ltd.1.53%$0.3531.92%
7119.Thalmek holdings Co.,Ltd.1.53%$19.7035.38%
ELPI.JKPT Pelayaran Nasional Ekalya Purnamasari Tbk1.53%$14.3440.52%
PIPE.TOPipestone Energy Corp.1.53%$0.035.35%
PYLON.BKPylon Public Company Limited1.53%$0.0436.13%
VAS.DEVoestalpine AG1.53%$0.5954.73%
001387.SZHefei Snowky Elect1.52%$0.2139.65%
002015.SZGCL Energy Technology Co.,Ltd.1.52%$0.1537.18%
1070.HKTCL Electronics Holdings Limited1.52%$0.1618.34%