Definitive Analysis
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Definitive Analysis

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Ticker

Industry

Sector

Zwack Unicum Nyrt. (ZWACK.BD)

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

Valuation Snapshot

Stable Growth$25,921.74 - $48,106.89$35,014.09
Multi-Stage$24,438.78 - $26,591.60$25,496.01
Blended Fair Value$30,255.05
Current Price$32,500.00
Upside-6.91%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS1.49%-5.63%1,400.001,700.001,500.00700.00300.001,300.001,050.001,050.00850.001,200.00
YoY Growth---17.65%13.33%114.29%133.33%-76.92%23.81%0.00%23.53%-29.17%-52.00%
Dividend Yield--4.24%6.80%7.73%3.77%1.80%7.74%5.87%5.98%4.75%6.71%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,397.00
(-) Cash Dividends Paid (M)3,000.00
(=) Cash Retained (M)397.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)679.40424.63254.78
Cash Retained (M)397.00397.00397.00
(-) Cash Required (M)-679.40-424.63-254.78
(=) Excess Retained (M)-282.40-27.63142.23
(/) Shares Outstanding (M)2.002.002.00
(=) Excess Retained per Share-141.20-13.8171.11
LTM Dividend per Share1,500.001,500.001,500.00
(+) Excess Retained per Share-141.20-13.8171.11
(=) Adjusted Dividend1,358.801,486.191,571.11
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate4.52%5.52%6.52%
Fair Value$25,921.74$35,014.09$48,106.89
Upside / Downside-20.24%7.74%48.02%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,397.003,584.423,782.193,990.864,211.054,443.384,576.68
Payout Ratio88.31%88.65%88.99%89.33%89.66%90.00%92.50%
Projected Dividends (M)3,000.003,177.613,365.693,564.853,775.743,999.044,233.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate4.52%5.52%6.52%
Year 1 PV (M)2,861.462,888.842,916.22
Year 2 PV (M)2,729.292,781.762,834.74
Year 3 PV (M)2,603.182,678.612,755.49
Year 4 PV (M)2,482.862,579.252,678.43
Year 5 PV (M)2,368.072,483.542,603.48
PV of Terminal Value (M)35,832.7037,580.0239,394.84
Equity Value (M)48,877.5550,992.0353,183.20
Shares Outstanding (M)2.002.002.00
Fair Value$24,438.78$25,496.01$26,591.60
Upside / Downside-24.80%-21.55%-18.18%

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