Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

SS&C Technologies Holdings, Inc. (0L1G.L)

Company Dividend Discount ModelIndustry: Software - ServicesSector: Technology

Valuation Snapshot

Stable Growth$147.04 - $668.41$337.05
Multi-Stage$76.43 - $83.61$79.96
Blended Fair Value$208.50
Current Price$88.76
Upside134.91%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS17.86%37.03%0.970.870.800.690.540.420.280.210.200.18
YoY Growth--10.86%8.76%16.72%27.85%26.37%51.90%30.33%8.50%10.32%333.11%
Dividend Yield--1.16%1.37%1.42%0.91%0.77%0.97%0.43%0.40%0.56%0.57%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)852.00
(-) Cash Dividends Paid (M)250.60
(=) Cash Retained (M)601.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)170.40106.5063.90
Cash Retained (M)601.40601.40601.40
(-) Cash Required (M)-170.40-106.50-63.90
(=) Excess Retained (M)431.00494.90537.50
(/) Shares Outstanding (M)253.50253.50253.50
(=) Excess Retained per Share1.701.952.12
LTM Dividend per Share0.990.990.99
(+) Excess Retained per Share1.701.952.12
(=) Adjusted Dividend2.692.943.11
WACC / Discount Rate7.43%7.43%7.43%
Growth Rate5.50%6.50%7.50%
Fair Value$147.04$337.05$668.41
Upside / Downside65.65%279.74%653.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)852.00907.38966.361,029.171,096.071,167.311,202.33
Payout Ratio29.41%41.53%53.65%65.77%77.88%90.00%92.50%
Projected Dividends (M)250.60376.84518.43676.84853.651,050.581,112.16

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.43%7.43%7.43%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)347.49350.78354.07
Year 2 PV (M)440.81449.21457.68
Year 3 PV (M)530.67545.91561.43
Year 4 PV (M)617.16640.90665.31
Year 5 PV (M)700.38734.21769.33
PV of Terminal Value (M)16,739.4417,547.9618,387.42
Equity Value (M)19,375.9520,268.9521,195.25
Shares Outstanding (M)253.50253.50253.50
Fair Value$76.43$79.96$83.61
Upside / Downside-13.89%-9.92%-5.80%

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