Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

JWW Invest S.A. (JWW.WA)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$9.67 - $24.34$14.55
Multi-Stage$38.11 - $42.11$40.07
Blended Fair Value$27.31
Current Price$3.05
Upside795.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.200.100.060.000.000.000.000.000.000.00
YoY Growth--111.11%50.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--6.64%2.26%3.05%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)4.79
(-) Cash Dividends Paid (M)2.09
(=) Cash Retained (M)2.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.960.600.36
Cash Retained (M)2.702.702.70
(-) Cash Required (M)-0.96-0.60-0.36
(=) Excess Retained (M)1.742.102.34
(/) Shares Outstanding (M)10.3110.3110.31
(=) Excess Retained per Share0.170.200.23
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.170.200.23
(=) Adjusted Dividend0.370.410.43
WACC / Discount Rate1.76%1.76%1.76%
Growth Rate-2.00%-1.00%0.00%
Fair Value$9.67$14.55$24.34
Upside / Downside217.08%377.06%698.08%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4.794.744.694.654.604.554.69
Payout Ratio43.64%52.91%62.19%71.46%80.73%90.00%92.50%
Projected Dividends (M)2.092.512.923.323.714.104.34

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.76%1.76%1.76%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)2.442.472.49
Year 2 PV (M)2.762.822.88
Year 3 PV (M)3.063.153.25
Year 4 PV (M)3.323.463.60
Year 5 PV (M)3.573.763.95
PV of Terminal Value (M)377.89397.57418.06
Equity Value (M)393.04413.22434.23
Shares Outstanding (M)10.3110.3110.31
Fair Value$38.11$40.07$42.11
Upside / Downside1,149.64%1,213.80%1,280.57%

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