Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Avensia AB (publ) (AVEN.ST)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$14.77 - $39.47$22.63
Multi-Stage$15.49 - $16.94$16.20
Blended Fair Value$19.42
Current Price$10.20
Upside90.36%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.000.650.300.280.220.170.140.101.01
YoY Growth--0.00%-100.00%118.27%7.14%24.58%29.45%19.99%50.03%-90.53%1,471.44%
Dividend Yield--0.00%0.00%6.84%1.69%1.99%2.10%1.01%1.69%1.02%17.73%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)23.72
(-) Cash Dividends Paid (M)18.56
(=) Cash Retained (M)5.16
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.742.961.78
Cash Retained (M)5.165.165.16
(-) Cash Required (M)-4.74-2.96-1.78
(=) Excess Retained (M)0.412.193.38
(/) Shares Outstanding (M)37.1237.1237.12
(=) Excess Retained per Share0.010.060.09
LTM Dividend per Share0.500.500.50
(+) Excess Retained per Share0.010.060.09
(=) Adjusted Dividend0.510.560.59
WACC / Discount Rate6.94%6.94%6.94%
Growth Rate3.36%4.36%5.36%
Fair Value$14.77$22.63$39.47
Upside / Downside44.77%121.90%286.94%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)23.7224.7525.8326.9628.1429.3630.24
Payout Ratio78.26%80.61%82.96%85.31%87.65%90.00%92.50%
Projected Dividends (M)18.5619.9521.4323.0024.6626.4327.98

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.94%6.94%6.94%
Growth Rate3.36%4.36%5.36%
Year 1 PV (M)18.4818.6618.84
Year 2 PV (M)18.3818.7419.10
Year 3 PV (M)18.2718.8019.35
Year 4 PV (M)18.1418.8619.59
Year 5 PV (M)18.0118.8919.82
PV of Terminal Value (M)483.60507.46532.24
Equity Value (M)574.88601.41628.93
Shares Outstanding (M)37.1237.1237.12
Fair Value$15.49$16.20$16.94
Upside / Downside51.82%58.83%66.09%

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