Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Valid Soluções S.A. (VLID3.SA)

Company Dividend Discount ModelIndustry: Specialty Business ServicesSector: Industrials

Valuation Snapshot

Stable Growth$26.39 - $39.83$32.73
Multi-Stage$40.74 - $44.66$42.66
Blended Fair Value$37.70
Current Price$21.15
Upside78.23%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-10.25%-3.03%0.311.240.300.030.560.540.130.320.310.39
YoY Growth---74.77%313.71%1,069.87%-95.45%4.80%300.06%-57.60%2.61%-20.20%-9.10%
Dividend Yield--1.33%6.73%3.10%0.26%6.18%5.87%0.71%1.78%1.52%1.43%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)239.53
(-) Cash Dividends Paid (M)106.93
(=) Cash Retained (M)132.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)47.9129.9417.96
Cash Retained (M)132.60132.60132.60
(-) Cash Required (M)-47.91-29.94-17.96
(=) Excess Retained (M)84.70102.66114.64
(/) Shares Outstanding (M)79.0679.0679.06
(=) Excess Retained per Share1.071.301.45
LTM Dividend per Share1.351.351.35
(+) Excess Retained per Share1.071.301.45
(=) Adjusted Dividend2.422.652.80
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-0.42%0.58%1.58%
Fair Value$26.39$32.73$39.83
Upside / Downside24.76%54.74%88.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)239.53240.91242.30243.70245.11246.52253.92
Payout Ratio44.64%53.71%62.78%71.86%80.93%90.00%92.50%
Projected Dividends (M)106.93129.40152.13175.11198.36221.87234.87

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-0.42%0.58%1.58%
Year 1 PV (M)117.83119.02120.20
Year 2 PV (M)126.15128.69131.27
Year 3 PV (M)132.23136.25140.36
Year 4 PV (M)136.39141.96147.69
Year 5 PV (M)138.92146.04153.44
PV of Terminal Value (M)2,569.232,700.862,837.82
Equity Value (M)3,220.763,372.813,530.77
Shares Outstanding (M)79.0679.0679.06
Fair Value$40.74$42.66$44.66
Upside / Downside92.62%101.72%111.16%

High-Yield Dividend Screener

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