Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Cambuci S.A. (CAMB3.SA)

Company Dividend Discount ModelIndustry: LeisureSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$18.44 - $30.40$23.75
Multi-Stage$21.38 - $23.36$22.35
Blended Fair Value$23.05
Current Price$9.75
Upside136.41%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.450.300.190.000.000.000.000.000.000.00
YoY Growth--51.02%54.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--4.52%2.69%3.23%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)66.03
(-) Cash Dividends Paid (M)30.21
(=) Cash Retained (M)35.82
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13.218.254.95
Cash Retained (M)35.8235.8235.82
(-) Cash Required (M)-13.21-8.25-4.95
(=) Excess Retained (M)22.6127.5730.87
(/) Shares Outstanding (M)41.8441.8441.84
(=) Excess Retained per Share0.540.660.74
LTM Dividend per Share0.720.720.72
(+) Excess Retained per Share0.540.660.74
(=) Adjusted Dividend1.261.381.46
WACC / Discount Rate9.45%9.45%9.45%
Growth Rate2.43%3.43%4.43%
Fair Value$18.44$23.75$30.40
Upside / Downside89.10%143.57%211.81%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)66.0368.3070.6473.0675.5778.1680.51
Payout Ratio45.75%54.60%63.45%72.30%81.15%90.00%92.50%
Projected Dividends (M)30.2137.2944.8252.8361.3370.3574.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.45%9.45%9.45%
Growth Rate2.43%3.43%4.43%
Year 1 PV (M)33.7434.0734.40
Year 2 PV (M)36.7037.4238.15
Year 3 PV (M)39.1440.3041.48
Year 4 PV (M)41.1142.7444.42
Year 5 PV (M)42.6744.8047.01
PV of Terminal Value (M)700.92735.81772.07
Equity Value (M)894.29935.14977.53
Shares Outstanding (M)41.8441.8441.84
Fair Value$21.38$22.35$23.36
Upside / Downside119.23%129.25%139.64%

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