Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Prosus N.V. (0A28.L)

Company Dividend Discount ModelIndustry: Internet Content & InformationSector: Communication Services

Valuation Snapshot

Stable Growth$25.19 - $35.99$30.49
Multi-Stage$24.66 - $26.95$25.78
Blended Fair Value$28.14
Current Price$30.61
Upside-8.08%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202520242023202220212020201920182017
DPS4.51%0.00%0.050.040.040.040.040.040.000.080.110.00
YoY Growth--34.67%4.19%-19.75%11.21%-0.47%0.00%-100.00%-29.19%0.00%0.00%
Dividend Yield--0.16%0.12%0.10%0.18%0.08%0.12%0.00%0.20%0.32%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)19,066.19
(-) Cash Dividends Paid (M)471.24
(=) Cash Retained (M)18,594.95
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,813.242,383.271,429.96
Cash Retained (M)18,594.9518,594.9518,594.95
(-) Cash Required (M)-3,813.24-2,383.27-1,429.96
(=) Excess Retained (M)14,781.7216,211.6817,164.99
(/) Shares Outstanding (M)5,423.215,423.215,423.21
(=) Excess Retained per Share2.732.993.17
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share2.732.993.17
(=) Adjusted Dividend2.813.083.25
WACC / Discount Rate13.95%13.95%13.95%
Growth Rate2.51%3.51%4.51%
Fair Value$25.19$30.49$35.99
Upside / Downside-17.70%-0.40%17.57%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)19,066.1919,734.5620,426.3621,142.4221,883.5722,650.7023,330.23
Payout Ratio2.47%19.98%37.48%54.99%72.49%90.00%92.50%
Projected Dividends (M)471.243,942.437,656.4011,625.9315,864.3420,385.6321,580.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate13.95%13.95%13.95%
Growth Rate2.51%3.51%4.51%
Year 1 PV (M)3,426.393,459.813,493.24
Year 2 PV (M)5,783.235,896.616,011.10
Year 3 PV (M)7,632.127,857.688,087.63
Year 4 PV (M)9,051.339,409.749,778.69
Year 5 PV (M)10,108.5110,611.3011,133.90
PV of Terminal Value (M)97,733.42102,594.58107,647.26
Equity Value (M)133,735.01139,829.72146,151.82
Shares Outstanding (M)5,423.215,423.215,423.21
Fair Value$24.66$25.78$26.95
Upside / Downside-19.44%-15.77%-11.96%

High-Yield Dividend Screener

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