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Definitive Analysis

Financial Statements

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Page: Dividend Discount Model

Altur Investissement SCA, SCR

Ticker: ALTUR.PA | Industry: Asset Management | Sector: Financial Services
$11.00 0.00 (0.00%)
As of: 2024-02-23

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Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$47.63 - $92.36$63.94
Multi-Stage DDM$11.69 - $12.77$12.22
Blended Fair Value$38.08
Stock Price$11.00

Dividend History (Last 10 Years)

Metric2022202120202019201820172016201520142013
DPS1.2870.4170.0950.3770.5630.2390.2250.2400.0000.000
YoY %208.55%341.15%-74.94%-32.91%135.11%6.45%-6.34%0.00%0.00%0.00%
Yield11.704%3.793%0.860%3.432%5.115%2.176%2.044%2.182%0.000%0.000%

CAGRValue
5 Year40.01%
10 Year0.00%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth5.50% to 7.50%6.50%
WACC10.00%10.00%
Fair Value$47.63 - $92.36$63.94

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income3.873.873.87
(=) Cash Required0.770.480.29
Cash Retained3.873.873.87
(-) Cash Required-0.77-0.48-0.29
(=) Excess Retained3.103.393.58
(/) Shares Outstanding4,161,0004,161,0004,161,000
(=) Excess Retained per Share0.740.810.86
LTM Dividend per Share1.2871.2871.287
(+) Excess Retained per Share0.740.810.86
(=) Adjusted Dividend2.0322.1012.148

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income3.874.124.394.684.985.30
Payout Ratio138.4%25.0%41.0%57.0%73.0%90.0%
Projected Dividends5.361.031.802.673.644.77

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV0.970.980.99
Year 2 PV1.531.561.59
Year 3 PV2.042.102.16
Year 4 PV2.512.602.70
Year 5 PV2.973.113.26
TV PV38.6440.5142.44
Equity Value48.6650.8653.15
Fair Value$11.69$12.22$12.77
Stock Price$11.00$11.00$11.00

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