Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Interroll Holding AG (0QN2.L)

Company Dividend Discount ModelIndustry: Industrial - Capital GoodsSector: Industrials

Valuation Snapshot

Stable Growth$1,749.09 - $2,846.42$2,240.51
Multi-Stage$1,958.89 - $2,140.51$2,048.03
Blended Fair Value$2,144.27
Current Price$1,982.00
Upside8.19%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.42%13.45%31.9631.7330.6726.8822.7422.3516.8716.4412.359.25
YoY Growth--0.73%3.46%14.07%18.22%1.76%32.43%2.63%33.12%33.55%2.24%
Dividend Yield--1.60%1.19%1.31%0.65%0.84%1.03%1.19%1.14%1.11%1.08%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)128.03
(-) Cash Dividends Paid (M)53.18
(=) Cash Retained (M)74.84
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)25.6116.009.60
Cash Retained (M)74.8474.8474.84
(-) Cash Required (M)-25.61-16.00-9.60
(=) Excess Retained (M)49.2458.8465.24
(/) Shares Outstanding (M)0.830.830.83
(=) Excess Retained per Share59.4571.0478.77
LTM Dividend per Share64.2164.2164.21
(+) Excess Retained per Share59.4571.0478.77
(=) Adjusted Dividend123.66135.25142.98
WACC / Discount Rate9.88%9.88%9.88%
Growth Rate2.63%3.63%4.63%
Fair Value$1,749.09$2,240.51$2,846.42
Upside / Downside-11.75%13.04%43.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)128.03132.67137.48142.47147.64152.99157.58
Payout Ratio41.54%51.23%60.92%70.62%80.31%90.00%92.50%
Projected Dividends (M)53.1867.9783.76100.61118.57137.69145.77

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.88%9.88%9.88%
Growth Rate2.63%3.63%4.63%
Year 1 PV (M)61.2661.8662.45
Year 2 PV (M)68.0469.3770.72
Year 3 PV (M)73.6675.8378.05
Year 4 PV (M)78.2381.3384.51
Year 5 PV (M)81.8985.9590.18
PV of Terminal Value (M)1,259.411,321.981,387.01
Equity Value (M)1,622.491,696.321,772.92
Shares Outstanding (M)0.830.830.83
Fair Value$1,958.89$2,048.03$2,140.51
Upside / Downside-1.17%3.33%8.00%

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