Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hemisphere Energy Corporation (HME.V)

Company Dividend Discount ModelIndustry: Oil & Gas Exploration & ProductionSector: Energy

Valuation Snapshot

Stable Growth$6.34 - $13.95$9.12
Multi-Stage$4.81 - $5.24$5.02
Blended Fair Value$7.07
Current Price$1.84
Upside284.07%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.160.130.080.000.000.000.000.000.000.00
YoY Growth--20.03%70.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--8.73%8.07%6.07%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)31.93
(-) Cash Dividends Paid (M)18.49
(=) Cash Retained (M)13.44
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.393.992.39
Cash Retained (M)13.4413.4413.44
(-) Cash Required (M)-6.39-3.99-2.39
(=) Excess Retained (M)7.059.4511.04
(/) Shares Outstanding (M)98.8298.8298.82
(=) Excess Retained per Share0.070.100.11
LTM Dividend per Share0.190.190.19
(+) Excess Retained per Share0.070.100.11
(=) Adjusted Dividend0.260.280.30
WACC / Discount Rate9.80%9.80%9.80%
Growth Rate5.50%6.50%7.50%
Fair Value$6.34$9.12$13.95
Upside / Downside244.45%395.46%658.25%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)31.9334.0136.2238.5741.0843.7545.06
Payout Ratio57.92%64.33%70.75%77.17%83.58%90.00%92.50%
Projected Dividends (M)18.4921.8825.6229.7734.3439.3841.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.80%9.80%9.80%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)19.7419.9320.11
Year 2 PV (M)20.8621.2521.65
Year 3 PV (M)21.8622.4823.12
Year 4 PV (M)22.7523.6224.52
Year 5 PV (M)23.5324.6725.85
PV of Terminal Value (M)366.19383.88402.24
Equity Value (M)474.92495.83517.50
Shares Outstanding (M)98.8298.8298.82
Fair Value$4.81$5.02$5.24
Upside / Downside161.18%172.68%184.60%

High-Yield Dividend Screener

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