Unlocking The Value Of Atlantica: A Sustainable Dividend Play (NASDAQ:AY)

Those who have been following my analyses recently are aware of my keen interest in the sustainability sector. However, until now, I haven’t delved into any stocks related to renewable energy production. One company that has recently caught my

Dec 2018

Dec 2019

Dec 2020

Dec 2021

Dec 2022

TTM

Revenue

1,043.80

1,011.50

1,013.30

1,211.70

1,102.00

1,101.40

Long-Term Debt

5,554.70

5,063.70

6,197.60

5,589.60

5,239.20

5,149.90

Debt/Assets

‪0.58‬

‪0.59‬

‪0.64‬

‪0.63‬

‪0.62‬

‪0.62‬

Unlevered FCF

701.9

460.9

542.4

393.1

646.6

505.7

FCF/Share

$4.68

$3.82

$4.26

$4.32

$4.45

$3.31

Total debt

5,569.00

% debt

73.00%

Cost of debt

5.85%

Tax Rate

20%

Equity

2,060.00

% Equity

27.00%

Cost of Equity

8.18%

Risk free rate

4.70%

Beta

0.87

Risk premium

4%

TOT (Equity + Debt)

7,629.00

WACC

5.63%

Dividened

Present value

Growth rate

2023

1.74

1.74

2024

1.74

1.65

0%

2025

1.79

1.61

3%

2026

1.88

1.60

5%

2027

1.98

1.59

5%

2028

2.07

1.58

5%

2029

2.14

1.54

3%

2030

2.20

1.50

3%

2031

2.27

1.46

3%

2032

64.33

39.29

2%

TOT

53.55

Upside

201.85%

Dividendo

Present value

Growth rate

2023

1.74

1.74

0%

2024

1.74

1.65

0%

2025

1.74

1.56

0%

2026

1.74

1.48

0%

2027

1.74

1.40

0%

2028

1.74

1.32

0%

2029

1.74

1.25

0%

2030

1.74

1.19

0%

2031

1.74

1.12

0%

2032

30.91

18.88

0%

TOT

31.58

Upside

78.03%

Dividendo

Present value

Growth rate

2023

1.74

1.74

2024

1.5

1.42

-13,79%

2025

1.35

1.21

-10%

2026

1.35

1.15

0%

2027

1.38

1.11

2%

2028

1.40

1.07

2%

2029

1.43

1.03

2%

2030

1.46

1.00

0%

2031

1.46

0.94

0%

2032

25.93

15.84

0%

TOT

26.50

Upside

49.37%

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