Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Vinci S.A. (SQU.DE)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$2,753.11 - $3,243.63$3,039.76
Multi-Stage$2,091.60 - $2,294.97$2,191.39
Blended Fair Value$2,615.57
Current Price$125.10
Upside1,990.79%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS11.31%7.33%4.473.993.182.661.212.622.422.081.831.77
YoY Growth--12.03%25.36%19.76%120.17%-53.86%8.12%16.21%13.78%3.24%-19.57%
Dividend Yield--4.48%3.51%3.41%2.86%1.48%2.64%3.36%2.45%2.83%3.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9,372.00
(-) Cash Dividends Paid (M)5,247.00
(=) Cash Retained (M)4,125.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,874.401,171.50702.90
Cash Retained (M)4,125.004,125.004,125.00
(-) Cash Required (M)-1,874.40-1,171.50-702.90
(=) Excess Retained (M)2,250.602,953.503,422.10
(/) Shares Outstanding (M)574.62574.62574.62
(=) Excess Retained per Share3.925.145.96
LTM Dividend per Share9.139.139.13
(+) Excess Retained per Share3.925.145.96
(=) Adjusted Dividend13.0514.2715.09
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate5.50%6.50%7.50%
Fair Value$2,753.11$3,039.76$3,243.63
Upside / Downside2,100.73%2,329.86%2,492.83%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9,372.009,981.1810,629.9611,320.9012,056.7612,840.4513,225.67
Payout Ratio55.99%62.79%69.59%76.39%83.20%90.00%92.50%
Projected Dividends (M)5,247.006,267.067,397.558,648.5310,030.8911,556.4112,233.74

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)6,200.206,258.976,317.74
Year 2 PV (M)7,240.577,378.487,517.70
Year 3 PV (M)8,374.708,615.118,860.08
Year 4 PV (M)9,609.689,979.2410,359.36
Year 5 PV (M)10,953.0411,482.0712,031.36
PV of Terminal Value (M)1,159,500.691,215,505.011,273,652.74
Equity Value (M)1,201,878.881,259,218.891,318,738.97
Shares Outstanding (M)574.62574.62574.62
Fair Value$2,091.60$2,191.39$2,294.97
Upside / Downside1,571.95%1,651.71%1,734.51%

High-Yield Dividend Screener

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