Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sysco Corporation (0LC6.L)

Company Dividend Discount ModelIndustry: Food DistributionSector: Consumer Defensive

Valuation Snapshot

Stable Growth$295.36 - $726.21$680.43
Multi-Stage$270.79 - $297.53$283.90
Blended Fair Value$482.17
Current Price$81.96
Upside488.30%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS3.15%3.70%2.062.072.051.971.891.761.591.481.441.44
YoY Growth---0.79%1.21%3.86%4.51%7.15%10.43%7.38%3.37%-0.03%0.52%
Dividend Yield--2.51%2.67%3.10%2.72%2.40%2.87%2.02%2.02%2.84%2.84%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,814.00
(-) Cash Dividends Paid (M)1,008.00
(=) Cash Retained (M)806.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)362.80226.75136.05
Cash Retained (M)806.00806.00806.00
(-) Cash Required (M)-362.80-226.75-136.05
(=) Excess Retained (M)443.20579.25669.95
(/) Shares Outstanding (M)486.47486.47486.47
(=) Excess Retained per Share0.911.191.38
LTM Dividend per Share2.072.072.07
(+) Excess Retained per Share0.911.191.38
(=) Adjusted Dividend2.983.263.45
WACC / Discount Rate4.31%4.31%4.31%
Growth Rate3.27%4.27%5.27%
Fair Value$295.36$680.43$726.21
Upside / Downside260.37%730.20%786.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,814.001,891.481,972.282,056.522,144.372,235.962,303.04
Payout Ratio55.57%62.45%69.34%76.23%83.11%90.00%92.50%
Projected Dividends (M)1,008.001,181.311,367.591,567.631,782.262,012.372,130.31

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.31%4.31%4.31%
Growth Rate3.27%4.27%5.27%
Year 1 PV (M)1,121.591,132.451,143.31
Year 2 PV (M)1,232.811,256.801,281.02
Year 3 PV (M)1,341.691,381.051,421.17
Year 4 PV (M)1,448.281,505.191,563.77
Year 5 PV (M)1,552.591,629.231,708.87
PV of Terminal Value (M)125,033.87131,205.90137,619.29
Equity Value (M)131,730.84138,110.63144,737.44
Shares Outstanding (M)486.47486.47486.47
Fair Value$270.79$283.90$297.53
Upside / Downside230.39%246.39%263.01%

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