Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Venture Corporation Limited (V03.SI)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$12.22 - $17.65$14.86
Multi-Stage$19.23 - $20.98$20.09
Blended Fair Value$17.47
Current Price$11.41
Upside53.15%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.52%4.70%0.750.750.750.750.750.700.790.490.480.48
YoY Growth---0.32%0.05%0.13%0.43%7.54%-12.31%63.45%1.68%0.29%0.47%
Dividend Yield--5.70%5.40%4.41%4.10%3.85%4.29%5.68%2.26%4.83%5.80%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)488.03
(-) Cash Dividends Paid (M)434.11
(=) Cash Retained (M)53.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)97.6161.0036.60
Cash Retained (M)53.9253.9253.92
(-) Cash Required (M)-97.61-61.00-36.60
(=) Excess Retained (M)-43.69-7.0817.32
(/) Shares Outstanding (M)290.10290.10290.10
(=) Excess Retained per Share-0.15-0.020.06
LTM Dividend per Share1.501.501.50
(+) Excess Retained per Share-0.15-0.020.06
(=) Adjusted Dividend1.351.471.56
WACC / Discount Rate9.96%9.96%9.96%
Growth Rate-0.95%0.05%1.05%
Fair Value$12.22$14.86$17.65
Upside / Downside7.08%30.24%54.66%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)488.03488.26488.49488.73488.96489.19503.87
Payout Ratio88.95%89.16%89.37%89.58%89.79%90.00%92.50%
Projected Dividends (M)434.11435.34436.57437.80439.04440.27466.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.96%9.96%9.96%
Growth Rate-0.95%0.05%1.05%
Year 1 PV (M)391.95395.91399.87
Year 2 PV (M)353.89361.08368.33
Year 3 PV (M)319.53329.30339.28
Year 4 PV (M)288.50300.33312.52
Year 5 PV (M)260.48273.90287.86
PV of Terminal Value (M)3,963.004,167.144,379.60
Equity Value (M)5,577.365,827.656,087.45
Shares Outstanding (M)290.10290.10290.10
Fair Value$19.23$20.09$20.98
Upside / Downside68.50%76.06%83.91%

High-Yield Dividend Screener

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