Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Central Puerto S.A. (CEPU.BA)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$17,441.17 - $37,243.84$34,902.93
Multi-Stage$5,513.85 - $6,043.09$5,773.57
Blended Fair Value$20,338.25
Current Price$1,410.00
Upside1,342.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS71.20%0.00%11.0814.587.430.480.130.750.000.000.000.00
YoY Growth---24.02%96.17%1,463.55%279.94%-83.39%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.76%1.39%3.40%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)281,396.49
(-) Cash Dividends Paid (M)3,766.97
(=) Cash Retained (M)277,629.52
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)56,279.3035,174.5621,104.74
Cash Retained (M)277,629.52277,629.52277,629.52
(-) Cash Required (M)-56,279.30-35,174.56-21,104.74
(=) Excess Retained (M)221,350.22242,454.96256,524.78
(/) Shares Outstanding (M)1,502.601,502.601,502.60
(=) Excess Retained per Share147.31161.36170.72
LTM Dividend per Share2.512.512.51
(+) Excess Retained per Share147.31161.36170.72
(=) Adjusted Dividend149.82163.86173.23
WACC / Discount Rate6.41%6.41%6.41%
Growth Rate5.50%6.50%7.50%
Fair Value$17,441.17$34,902.93$37,243.84
Upside / Downside1,136.96%2,375.39%2,541.41%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)281,396.49299,687.26319,166.93339,912.78362,007.11385,537.58397,103.70
Payout Ratio1.34%19.07%36.80%54.54%72.27%90.00%92.50%
Projected Dividends (M)3,766.9757,153.16117,463.65185,373.02261,614.34346,983.82367,320.92

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.41%6.41%6.41%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)53,207.8953,712.2354,216.57
Year 2 PV (M)101,806.39103,745.51105,702.93
Year 3 PV (M)149,573.22153,866.93158,242.04
Year 4 PV (M)196,519.04204,076.61211,850.09
Year 5 PV (M)242,654.35254,374.65266,543.51
PV of Terminal Value (M)7,541,363.567,905,614.248,283,805.66
Equity Value (M)8,285,124.468,675,390.189,080,360.80
Shares Outstanding (M)1,502.601,502.601,502.60
Fair Value$5,513.85$5,773.57$6,043.09
Upside / Downside291.05%309.47%328.59%

High-Yield Dividend Screener

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