Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Corby Spirit and Wine Limited (CSW-A.TO)

Company Dividend Discount ModelIndustry: Beverages - Wineries & DistilleriesSector: Consumer Defensive

Valuation Snapshot

Stable Growth$39.34 - $195.12$82.77
Multi-Stage$31.17 - $34.10$32.61
Blended Fair Value$57.69
Current Price$14.05
Upside310.60%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.91%-4.11%0.900.840.880.930.840.861.320.870.821.38
YoY Growth--7.14%-4.55%-5.37%10.71%-2.32%-34.85%51.72%6.10%-40.58%0.73%
Dividend Yield--6.41%6.58%6.09%5.28%4.65%5.48%7.67%4.29%3.80%6.08%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)28.31
(-) Cash Dividends Paid (M)25.91
(=) Cash Retained (M)2.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.663.542.12
Cash Retained (M)2.402.402.40
(-) Cash Required (M)-5.66-3.54-2.12
(=) Excess Retained (M)-3.26-1.140.28
(/) Shares Outstanding (M)28.4728.4728.47
(=) Excess Retained per Share-0.11-0.040.01
LTM Dividend per Share0.910.910.91
(+) Excess Retained per Share-0.11-0.040.01
(=) Adjusted Dividend0.800.870.92
WACC / Discount Rate6.18%6.18%6.18%
Growth Rate4.08%5.08%6.08%
Fair Value$39.34$82.77$195.12
Upside / Downside179.99%489.12%1,288.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)28.3129.7431.2532.8434.5136.2637.35
Payout Ratio91.53%91.22%90.92%90.61%90.31%90.00%92.50%
Projected Dividends (M)25.9127.1328.4129.7631.1632.6434.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.18%6.18%6.18%
Growth Rate4.08%5.08%6.08%
Year 1 PV (M)25.3125.5525.80
Year 2 PV (M)24.7225.2025.68
Year 3 PV (M)24.1524.8625.57
Year 4 PV (M)23.5924.5125.46
Year 5 PV (M)23.0524.1825.35
PV of Terminal Value (M)766.44803.97842.96
Equity Value (M)887.27928.27970.82
Shares Outstanding (M)28.4728.4728.47
Fair Value$31.17$32.61$34.10
Upside / Downside121.82%132.08%142.71%

High-Yield Dividend Screener

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