Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Entergy Mississippi, Inc. 1M BD 66 (EMP)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$694.50 - $818.23$766.81
Multi-Stage$182.29 - $199.90$190.93
Blended Fair Value$478.87
Current Price$21.61
Upside2,115.96%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%-3.57%0.100.090.000.000.020.000.020.060.060.10
YoY Growth--11.58%0.00%0.00%-100.00%0.00%-100.00%-59.21%0.74%-37.53%-33.32%
Dividend Yield--0.49%0.39%0.00%0.00%0.09%0.00%0.10%0.25%0.27%0.39%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,822.11
(-) Cash Dividends Paid (M)122.44
(=) Cash Retained (M)1,699.67
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)364.42227.76136.66
Cash Retained (M)1,699.671,699.671,699.67
(-) Cash Required (M)-364.42-227.76-136.66
(=) Excess Retained (M)1,335.251,471.911,563.01
(/) Shares Outstanding (M)442.87442.87442.87
(=) Excess Retained per Share3.013.323.53
LTM Dividend per Share0.280.280.28
(+) Excess Retained per Share3.013.323.53
(=) Adjusted Dividend3.293.603.81
WACC / Discount Rate5.32%5.32%5.32%
Growth Rate5.50%6.50%7.50%
Fair Value$694.50$766.81$818.23
Upside / Downside3,113.77%3,448.38%3,686.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,822.111,940.552,066.682,201.012,344.082,496.452,571.34
Payout Ratio6.72%23.38%40.03%56.69%73.34%90.00%92.50%
Projected Dividends (M)122.44453.62827.331,247.711,719.242,246.802,378.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.32%5.32%5.32%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)426.67430.71434.75
Year 2 PV (M)731.94745.88759.96
Year 3 PV (M)1,038.271,068.081,098.45
Year 4 PV (M)1,345.661,397.411,450.64
Year 5 PV (M)1,654.101,733.991,816.94
PV of Terminal Value (M)75,534.6379,182.9882,970.97
Equity Value (M)80,731.2784,559.0588,531.70
Shares Outstanding (M)442.87442.87442.87
Fair Value$182.29$190.93$199.90
Upside / Downside743.55%783.54%825.05%

High-Yield Dividend Screener

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