Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Aker ASA (AKER.OL)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$1,863.70 - $3,133.08$2,419.70
Multi-Stage$1,633.96 - $1,774.09$1,702.80
Blended Fair Value$2,061.25
Current Price$655.00
Upside214.69%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.62%8.41%64.9330.0014.5023.4923.4922.4923.3821.2018.5614.55
YoY Growth--116.42%106.96%-38.28%0.00%4.43%-3.80%10.29%14.21%27.57%-49.74%
Dividend Yield--11.83%4.50%2.01%2.85%4.19%4.14%5.06%5.20%5.75%8.87%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)10,968.00
(-) Cash Dividends Paid (M)7,908.00
(=) Cash Retained (M)3,060.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,193.601,371.00822.60
Cash Retained (M)3,060.003,060.003,060.00
(-) Cash Required (M)-2,193.60-1,371.00-822.60
(=) Excess Retained (M)866.401,689.002,237.40
(/) Shares Outstanding (M)74.3074.3074.30
(=) Excess Retained per Share11.6622.7330.11
LTM Dividend per Share106.44106.44106.44
(+) Excess Retained per Share11.6622.7330.11
(=) Adjusted Dividend118.10129.17136.55
WACC / Discount Rate12.19%12.19%12.19%
Growth Rate5.50%6.50%7.50%
Fair Value$1,863.70$2,419.70$3,133.08
Upside / Downside184.53%269.42%378.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)10,968.0011,680.9212,440.1813,248.7914,109.9615,027.1115,477.92
Payout Ratio72.10%75.68%79.26%82.84%86.42%90.00%92.50%
Projected Dividends (M)7,908.008,840.189,860.1410,975.3312,193.8513,524.4014,317.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate12.19%12.19%12.19%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)7,806.007,879.997,953.98
Year 2 PV (M)7,688.087,834.517,982.33
Year 3 PV (M)7,556.497,773.407,994.44
Year 4 PV (M)7,413.287,698.377,991.61
Year 5 PV (M)7,260.307,610.987,975.08
PV of Terminal Value (M)83,676.5387,718.1491,914.43
Equity Value (M)121,400.67126,515.40131,811.86
Shares Outstanding (M)74.3074.3074.30
Fair Value$1,633.96$1,702.80$1,774.09
Upside / Downside149.46%159.97%170.85%

High-Yield Dividend Screener

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