Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

River Tech p.l.c. (RIVER.OL)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$5.57 - $8.34$6.88
Multi-Stage$11.12 - $12.21$11.65
Blended Fair Value$9.27
Current Price$1.30
Upside612.78%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS0.00%0.00%0.430.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--27.28%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)13.76
(-) Cash Dividends Paid (M)8.86
(=) Cash Retained (M)4.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.751.721.03
Cash Retained (M)4.904.904.90
(-) Cash Required (M)-2.75-1.72-1.03
(=) Excess Retained (M)2.153.183.87
(/) Shares Outstanding (M)20.5520.5520.55
(=) Excess Retained per Share0.100.150.19
LTM Dividend per Share0.430.430.43
(+) Excess Retained per Share0.100.150.19
(=) Adjusted Dividend0.540.590.62
WACC / Discount Rate7.43%7.43%7.43%
Growth Rate-2.00%-1.00%0.00%
Fair Value$5.57$6.88$8.34
Upside / Downside328.20%429.25%541.21%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)13.7613.6213.4913.3513.2213.0913.48
Payout Ratio64.39%69.51%74.63%79.75%84.88%90.00%92.50%
Projected Dividends (M)8.869.4710.0610.6511.2211.7812.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.43%7.43%7.43%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)8.728.818.90
Year 2 PV (M)8.558.728.90
Year 3 PV (M)8.338.598.85
Year 4 PV (M)8.098.428.77
Year 5 PV (M)7.828.238.65
PV of Terminal Value (M)186.97196.70206.84
Equity Value (M)228.48239.48250.92
Shares Outstanding (M)20.5520.5520.55
Fair Value$11.12$11.65$12.21
Upside / Downside755.15%796.32%839.12%

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