Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Gévelot S.A. (ALGEV.PA)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$319.67 - $579.34$427.81
Multi-Stage$308.08 - $336.45$322.00
Blended Fair Value$374.91
Current Price$185.00
Upside102.65%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.51%9.09%5.133.993.062.131.632.021.841.961.962.23
YoY Growth--28.69%30.22%43.48%30.58%-19.04%9.65%-6.15%0.00%-12.17%3.88%
Dividend Yield--2.77%1.92%1.65%1.31%1.00%1.01%1.03%0.99%1.35%1.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)16.60
(-) Cash Dividends Paid (M)6.97
(=) Cash Retained (M)9.63
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.322.081.25
Cash Retained (M)9.639.639.63
(-) Cash Required (M)-3.32-2.08-1.25
(=) Excess Retained (M)6.317.558.38
(/) Shares Outstanding (M)0.750.750.75
(=) Excess Retained per Share8.3610.0111.11
LTM Dividend per Share9.249.249.24
(+) Excess Retained per Share8.3610.0111.11
(=) Adjusted Dividend17.6019.2520.35
WACC / Discount Rate9.61%9.61%9.61%
Growth Rate3.89%4.89%5.89%
Fair Value$319.67$427.81$579.34
Upside / Downside72.79%131.25%213.16%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)16.6017.4118.2619.1620.0921.0821.71
Payout Ratio42.01%51.61%61.21%70.80%80.40%90.00%92.50%
Projected Dividends (M)6.978.9911.1813.5616.1618.9720.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.61%9.61%9.61%
Growth Rate3.89%4.89%5.89%
Year 1 PV (M)8.128.208.28
Year 2 PV (M)9.139.309.48
Year 3 PV (M)10.0110.3010.60
Year 4 PV (M)10.7711.1911.63
Year 5 PV (M)11.4311.9912.57
PV of Terminal Value (M)183.04192.02201.35
Equity Value (M)232.50243.01253.91
Shares Outstanding (M)0.750.750.75
Fair Value$308.08$322.00$336.45
Upside / Downside66.53%74.06%81.86%

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