Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Investec Group (INVP.L)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$20.92 - $37.58$27.90
Multi-Stage$39.74 - $43.66$41.66
Blended Fair Value$34.78
Current Price$5.56
Upside525.57%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS2.64%6.65%0.370.340.350.300.130.320.270.260.250.21
YoY Growth--8.11%-1.45%14.95%139.01%-61.08%18.27%4.46%5.22%20.33%6.84%
Dividend Yield--7.72%6.44%7.71%5.99%5.77%21.36%8.42%6.72%6.45%5.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,315.94
(-) Cash Dividends Paid (M)794.70
(=) Cash Retained (M)521.25
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)263.19164.4998.70
Cash Retained (M)521.25521.25521.25
(-) Cash Required (M)-263.19-164.49-98.70
(=) Excess Retained (M)258.06356.75422.55
(/) Shares Outstanding (M)867.29867.29867.29
(=) Excess Retained per Share0.300.410.49
LTM Dividend per Share0.920.920.92
(+) Excess Retained per Share0.300.410.49
(=) Adjusted Dividend1.211.331.40
WACC / Discount Rate6.14%6.14%6.14%
Growth Rate0.32%1.32%2.32%
Fair Value$20.92$27.90$37.58
Upside / Downside276.25%401.85%575.99%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,315.941,333.261,350.811,368.581,386.591,404.841,446.99
Payout Ratio60.39%66.31%72.23%78.16%84.08%90.00%92.50%
Projected Dividends (M)794.70884.11975.741,069.631,165.821,264.361,338.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.14%6.14%6.14%
Growth Rate0.32%1.32%2.32%
Year 1 PV (M)824.77832.99841.21
Year 2 PV (M)849.15866.17883.35
Year 3 PV (M)868.38894.61921.37
Year 4 PV (M)882.95918.69955.50
Year 5 PV (M)893.31938.73985.98
PV of Terminal Value (M)30,147.6231,680.5133,275.13
Equity Value (M)34,466.1936,131.7037,862.54
Shares Outstanding (M)867.29867.29867.29
Fair Value$39.74$41.66$43.66
Upside / Downside614.75%649.29%685.18%

High-Yield Dividend Screener

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