Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Vente-Unique.com S.A. (ALVU.PA)

Company Dividend Discount ModelIndustry: Specialty RetailSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$36.50 - $85.70$53.67
Multi-Stage$26.64 - $29.06$27.82
Blended Fair Value$40.75
Current Price$12.00
Upside239.55%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.34%0.00%0.410.490.000.270.150.140.300.770.220.00
YoY Growth---15.88%0.00%-100.00%74.77%6.60%-52.53%-60.73%247.27%0.00%0.00%
Dividend Yield--2.67%4.43%0.00%1.71%2.12%4.06%4.54%7.46%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)17.14
(-) Cash Dividends Paid (M)7.87
(=) Cash Retained (M)9.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.432.141.29
Cash Retained (M)9.269.269.26
(-) Cash Required (M)-3.43-2.14-1.29
(=) Excess Retained (M)5.847.127.98
(/) Shares Outstanding (M)9.879.879.87
(=) Excess Retained per Share0.590.720.81
LTM Dividend per Share0.800.800.80
(+) Excess Retained per Share0.590.720.81
(=) Adjusted Dividend1.391.521.61
WACC / Discount Rate9.51%9.51%9.51%
Growth Rate5.50%6.50%7.50%
Fair Value$36.50$53.67$85.70
Upside / Downside204.15%347.22%614.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)17.1418.2519.4420.7022.0523.4824.18
Payout Ratio45.95%54.76%63.57%72.38%81.19%90.00%92.50%
Projected Dividends (M)7.879.9912.3614.9817.9021.1322.37

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.51%9.51%9.51%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)9.049.139.21
Year 2 PV (M)10.1110.3010.50
Year 3 PV (M)11.0911.4111.73
Year 4 PV (M)11.9812.4412.92
Year 5 PV (M)12.8013.4114.06
PV of Terminal Value (M)207.95217.99228.42
Equity Value (M)262.97274.69286.83
Shares Outstanding (M)9.879.879.87
Fair Value$26.64$27.82$29.06
Upside / Downside121.98%131.87%142.13%

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