Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

GSR II Meteora Acquisition Corp. (GSRM)

Company Dividend Discount ModelIndustry: Shell CompaniesSector: Financial Services

Valuation Snapshot

Stable Growth$6.48 - $9.47$7.93
Multi-Stage$11.26 - $12.38$11.81
Blended Fair Value$9.87
Current Price$3.23
Upside205.47%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%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)30.72
(-) Cash Dividends Paid (M)10.12
(=) Cash Retained (M)20.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.143.842.30
Cash Retained (M)20.6020.6020.60
(-) Cash Required (M)-6.14-3.84-2.30
(=) Excess Retained (M)14.4616.7618.30
(/) Shares Outstanding (M)35.7835.7835.78
(=) Excess Retained per Share0.400.470.51
LTM Dividend per Share0.280.280.28
(+) Excess Retained per Share0.400.470.51
(=) Adjusted Dividend0.690.750.79
WACC / Discount Rate8.38%8.38%8.38%
Growth Rate-2.00%-1.00%0.00%
Fair Value$6.48$7.93$9.47
Upside / Downside100.69%145.37%193.26%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)30.7230.4130.1129.8029.5129.2130.09
Payout Ratio32.94%44.35%55.76%67.17%78.59%90.00%92.50%
Projected Dividends (M)10.1213.4916.7920.0223.1926.2927.83

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.38%8.38%8.38%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)12.3212.4412.57
Year 2 PV (M)14.0014.2914.58
Year 3 PV (M)15.2515.7316.21
Year 4 PV (M)16.1416.8017.49
Year 5 PV (M)16.7117.5818.48
PV of Terminal Value (M)328.51345.62363.43
Equity Value (M)402.93422.46442.77
Shares Outstanding (M)35.7835.7835.78
Fair Value$11.26$11.81$12.38
Upside / Downside248.67%265.57%283.14%

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