Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Bicicletas Monark S.A. (BMKS3.SA)

Company Dividend Discount ModelIndustry: LeisureSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$2,033.52 - $3,439.21$2,646.84
Multi-Stage$2,190.79 - $2,398.33$2,292.63
Blended Fair Value$2,469.74
Current Price$400.00
Upside517.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS36.20%4.79%37.6255.3417.127.595.838.0317.0735.2624.3031.58
YoY Growth---32.03%223.25%125.57%30.28%-27.43%-52.97%-51.60%45.12%-23.05%34.09%
Dividend Yield--9.86%13.94%4.39%3.07%2.40%4.12%5.69%10.85%8.10%11.28%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)76.87
(-) Cash Dividends Paid (M)15.27
(=) Cash Retained (M)61.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)15.379.615.77
Cash Retained (M)61.6061.6061.60
(-) Cash Required (M)-15.37-9.61-5.77
(=) Excess Retained (M)46.2351.9955.84
(/) Shares Outstanding (M)0.470.470.47
(=) Excess Retained per Share98.14110.38118.54
LTM Dividend per Share32.4232.4232.42
(+) Excess Retained per Share98.14110.38118.54
(=) Adjusted Dividend130.56142.80150.96
WACC / Discount Rate9.39%9.39%9.39%
Growth Rate2.79%3.79%4.79%
Fair Value$2,033.52$2,646.84$3,439.21
Upside / Downside408.38%561.71%759.80%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)76.8779.7982.8285.9689.2292.6195.38
Payout Ratio19.86%33.89%47.92%61.95%75.97%90.00%92.50%
Projected Dividends (M)15.2727.0439.6853.2567.7883.3488.23

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.39%9.39%9.39%
Growth Rate2.79%3.79%4.79%
Year 1 PV (M)24.4824.7224.96
Year 2 PV (M)32.5333.1633.80
Year 3 PV (M)39.5140.6741.86
Year 4 PV (M)45.5347.3349.18
Year 5 PV (M)50.6953.2055.81
PV of Terminal Value (M)839.19880.81924.07
Equity Value (M)1,031.931,079.901,129.69
Shares Outstanding (M)0.470.470.47
Fair Value$2,190.79$2,292.63$2,398.33
Upside / Downside447.70%473.16%499.58%

High-Yield Dividend Screener

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