Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Vintcom Technology Public Company Limited (VCOM.BK)

Company Dividend Discount ModelIndustry: Technology DistributorsSector: Technology

Valuation Snapshot

Stable Growth$9.88 - $30.76$15.82
Multi-Stage$6.92 - $7.53$7.22
Blended Fair Value$11.52
Current Price$2.90
Upside297.32%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.67%11.87%0.300.300.290.200.260.120.060.170.230.08
YoY Growth--0.00%3.45%46.69%-22.19%116.66%84.63%-63.45%-23.02%188.75%-20.00%
Dividend Yield--13.21%9.13%6.53%2.72%4.36%6.36%2.06%4.50%7.87%2.73%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)115.10
(-) Cash Dividends Paid (M)98.24
(=) Cash Retained (M)16.86
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)23.0214.398.63
Cash Retained (M)16.8616.8616.86
(-) Cash Required (M)-23.02-14.39-8.63
(=) Excess Retained (M)-6.162.478.22
(/) Shares Outstanding (M)305.73305.73305.73
(=) Excess Retained per Share-0.020.010.03
LTM Dividend per Share0.320.320.32
(+) Excess Retained per Share-0.020.010.03
(=) Adjusted Dividend0.300.330.35
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate5.50%6.50%7.50%
Fair Value$9.88$15.82$30.76
Upside / Downside240.59%445.68%960.76%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)115.10122.58130.55139.03148.07157.70162.43
Payout Ratio85.35%86.28%87.21%88.14%89.07%90.00%92.50%
Projected Dividends (M)98.24105.77113.85122.55131.89141.93150.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)96.3797.2998.20
Year 2 PV (M)94.5396.3398.15
Year 3 PV (M)92.7195.3798.08
Year 4 PV (M)90.9194.4198.01
Year 5 PV (M)89.1493.4597.92
PV of Terminal Value (M)1,650.681,730.411,813.19
Equity Value (M)2,114.352,207.262,303.54
Shares Outstanding (M)305.73305.73305.73
Fair Value$6.92$7.22$7.53
Upside / Downside138.47%148.95%159.81%

High-Yield Dividend Screener

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