Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

BWX Technologies, Inc. (BWXT)

Company Dividend Discount ModelIndustry: Aerospace & DefenseSector: Industrials

Valuation Snapshot

Stable Growth$115.46 - $658.41$217.30
Multi-Stage$84.14 - $92.16$88.07
Blended Fair Value$152.69
Current Price$184.37
Upside-17.19%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.21%7.35%0.960.930.880.870.790.710.700.460.410.38
YoY Growth--3.97%4.81%1.76%9.22%11.57%2.43%51.80%12.50%8.38%-20.68%
Dividend Yield--0.98%0.91%1.40%1.61%1.20%1.46%1.37%0.72%0.86%1.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)307.04
(-) Cash Dividends Paid (M)91.73
(=) Cash Retained (M)215.31
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)61.4138.3823.03
Cash Retained (M)215.31215.31215.31
(-) Cash Required (M)-61.41-38.38-23.03
(=) Excess Retained (M)153.90176.93192.28
(/) Shares Outstanding (M)91.8191.8191.81
(=) Excess Retained per Share1.681.932.09
LTM Dividend per Share1.001.001.00
(+) Excess Retained per Share1.681.932.09
(=) Adjusted Dividend2.682.933.09
WACC / Discount Rate6.84%6.84%6.84%
Growth Rate4.42%5.42%6.42%
Fair Value$115.46$217.30$658.41
Upside / Downside-37.38%17.86%257.11%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)307.04323.69341.25359.76379.27399.85411.84
Payout Ratio29.87%41.90%53.92%65.95%77.97%90.00%92.50%
Projected Dividends (M)91.73135.63184.02237.26295.74359.86380.95

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.84%6.84%6.84%
Growth Rate4.42%5.42%6.42%
Year 1 PV (M)125.74126.94128.14
Year 2 PV (M)158.16161.20164.27
Year 3 PV (M)189.04194.53200.11
Year 4 PV (M)218.45226.94235.67
Year 5 PV (M)246.43258.46270.95
PV of Terminal Value (M)6,786.947,118.197,462.26
Equity Value (M)7,724.758,086.268,461.41
Shares Outstanding (M)91.8191.8191.81
Fair Value$84.14$88.07$92.16
Upside / Downside-54.37%-52.23%-50.01%

High-Yield Dividend Screener

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