Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Perpetuity Growth Rate | 7.2% - 7.8% | 7.5% |
| Discount Rate | 12.9% - 11.9% | 12.4% |
| Fair Value | €93.24 - €126.06 | €107.13 |
| Upside | -5.1% - 28.3% | 9.1% |
| Project Adjusted Dividends | ||||||||
| Fiscal Year Ending | ||||||||
| (USD in millions) | Jan-25 | Jan-26 | Jan-27 | Jan-28 | Jan-29 | Jan-30 | Terminal | |
| Net Income to Common | 1,125 | 1,272 | 1,390 | 1,549 | 1,798 | 1,904 | 1,904 | |
| % Growth | -32.3% | 13.0% | 9.3% | 11.4% | 16.1% | 5.9% | ||
| Payout Ratio | 46.1% | 55.0% | 64.0% | 73.0% | 82.0% | 90.0% | 92.5% | |
| Projected Dividends | 519 | 700 | 890 | 1,131 | 1,474 | 1,713 | 1,761 | |
| % Growth | 34.8% | 27.2% | 27.1% | 30.4% | 16.2% | |||
| Historical Performance | ||||||||
| Fiscal Year Ending | YTD | YTD | ||||||
| (USD in millions) | Jan-21 | Jan-22 | Jan-23 | Jan-24 | Jan-25 | May-24 | May-25 | |
| Cash Dividends Paid | 356 | 392 | 494 | 518 | 519 | 130 | 130 | |
| % Growth | 10% | 26% | 5% | 0% | 0% | |||
| Net Income to Common | 2,655 | 2,399 | 2,416 | 1,661 | 1,125 | 363 | 392 | |
| % Growth | -10% | 1% | -31% | -32% | 8% | |||
| Payout Ratio | 13% | 16% | 20% | 31% | 46% | 36% | 33% | |
| Retention Ratio | 87% | 84% | 80% | 69% | 54% | 64% | 67% | |
| Adjusted EBITDA | 4,132 | 3,865 | 4,055 | 3,302 | 2,912 | 778 | 829 | |
| % Growth | -6% | 5% | -19% | -12% | 6% | |||
| Total Debt | 13,590 | 14,246 | 17,661 | 18,091 | 17,463 | 18,122 | 17,018 | |
| Shareholder's Equity | 6,661 | 6,262 | 5,542 | 6,749 | 7,414 | 7,000 | 7,704 | |
| Debt / EBITDA | 3.3 | 3.7 | 4.4 | 5.5 | 6.0 | 5.7 | ||
| Debt / Equity | 204% | 228% | 319% | 268% | 236% | 259% | 221% | |
| 3-Yr Avg. Dividend Growth | 10.3% | |||||||
| 5-Yr Median Payout Ratio | 20.4% | |||||||