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$17.17 - $27.56$21.87
Multi-Stage$19.70 - $21.53$20.60
Blended Fair Value$21.23
Current Price$9.75
Upside117.79%
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 Rate9.96%9.96%9.96%
Growth Rate2.43%3.43%4.43%
Fair Value$17.17$21.87$27.56
Upside / Downside76.13%124.31%182.70%

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 Rate9.96%9.96%9.96%
Growth Rate2.43%3.43%4.43%
Year 1 PV (M)33.5933.9134.24
Year 2 PV (M)36.3637.0737.79
Year 3 PV (M)38.5939.7340.89
Year 4 PV (M)40.3541.9443.59
Year 5 PV (M)41.6843.7645.91
PV of Terminal Value (M)633.83665.38698.18
Equity Value (M)824.39861.80900.61
Shares Outstanding (M)41.8441.8441.84
Fair Value$19.70$20.60$21.53
Upside / Downside102.10%111.27%120.78%

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