Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Villars Holding S.A. (0QLJ.L)

Company Dividend Discount ModelIndustry: Grocery StoresSector: Consumer Defensive

Valuation Snapshot

Stable Growth$237.67 - $332.07$284.77
Multi-Stage$693.82 - $768.31$730.29
Blended Fair Value$507.53
Current Price$625.00
Upside-18.80%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-8.97%-4.60%5.110.000.000.000.008.1838.858.188.188.19
YoY Growth--0.00%0.00%0.00%0.00%-100.00%-78.95%375.00%0.00%-0.10%0.00%
Dividend Yield--0.87%0.00%0.00%0.00%0.00%0.98%4.98%0.99%1.54%1.71%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4.20
(-) Cash Dividends Paid (M)0.52
(=) Cash Retained (M)3.68
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.840.520.31
Cash Retained (M)3.683.683.68
(-) Cash Required (M)-0.84-0.52-0.31
(=) Excess Retained (M)2.843.153.36
(/) Shares Outstanding (M)0.100.100.10
(=) Excess Retained per Share27.7830.8732.92
LTM Dividend per Share5.115.115.11
(+) Excess Retained per Share27.7830.8732.92
(=) Adjusted Dividend32.9035.9838.04
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate-6.60%-5.60%-4.60%
Fair Value$237.67$284.77$332.07
Upside / Downside-61.97%-54.44%-46.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4.203.963.743.533.333.153.24
Payout Ratio12.43%27.95%43.46%58.97%74.49%90.00%92.50%
Projected Dividends (M)0.521.111.632.082.482.833.00

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate-6.60%-5.60%-4.60%
Year 1 PV (M)1.031.041.05
Year 2 PV (M)1.411.441.47
Year 3 PV (M)1.681.731.79
Year 4 PV (M)1.861.942.03
Year 5 PV (M)1.982.082.20
PV of Terminal Value (M)62.8966.3369.92
Equity Value (M)70.8574.5878.46
Shares Outstanding (M)0.100.100.10
Fair Value$693.82$730.29$768.31
Upside / Downside11.01%16.85%22.93%

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