Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Centurion Acquisition Corp. (ALF)

Company Dividend Discount ModelIndustry: Shell CompaniesSector: Financial Services

Valuation Snapshot

Stable Growth$3.83 - $6.02$4.83
Multi-Stage$9.50 - $10.46$9.97
Blended Fair Value$7.40
Current Price$10.55
Upside-29.83%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202120202019
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)12.13
(-) Cash Dividends Paid (M)6.23
(=) Cash Retained (M)5.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.431.520.91
Cash Retained (M)5.905.905.90
(-) Cash Required (M)-2.43-1.52-0.91
(=) Excess Retained (M)3.474.384.99
(/) Shares Outstanding (M)31.0331.0331.03
(=) Excess Retained per Share0.110.140.16
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.110.140.16
(=) Adjusted Dividend0.310.340.36
WACC / Discount Rate6.01%6.01%6.01%
Growth Rate-2.00%-1.00%0.00%
Fair Value$3.83$4.83$6.02
Upside / Downside-63.73%-54.20%-42.95%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)12.1312.0111.8911.7711.6511.5311.88
Payout Ratio51.38%59.10%66.83%74.55%82.28%90.00%92.50%
Projected Dividends (M)6.237.107.948.779.5910.3810.99

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.01%6.01%6.01%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)6.636.696.76
Year 2 PV (M)6.937.077.21
Year 3 PV (M)7.147.367.59
Year 4 PV (M)7.297.597.90
Year 5 PV (M)7.377.758.15
PV of Terminal Value (M)259.55273.06287.13
Equity Value (M)294.90309.54324.76
Shares Outstanding (M)31.0331.0331.03
Fair Value$9.50$9.97$10.46
Upside / Downside-9.93%-5.46%-0.81%

High-Yield Dividend Screener

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