Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Crosswood S.A. (CROS.PA)

Company Dividend Discount ModelIndustry: Real Estate - ServicesSector: Real Estate

Valuation Snapshot

Stable Growth$1.19 - $1.56$1.38
Multi-Stage$4.10 - $4.56$4.33
Blended Fair Value$2.85
Current Price$10.00
Upside-71.46%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.100.110.100.380.000.000.000.000.000.00
YoY Growth---9.15%10.07%-73.69%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.00%1.31%1.37%5.80%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)3.67
(-) Cash Dividends Paid (M)2.23
(=) Cash Retained (M)1.44
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.730.460.28
Cash Retained (M)1.441.441.44
(-) Cash Required (M)-0.73-0.46-0.28
(=) Excess Retained (M)0.700.981.16
(/) Shares Outstanding (M)10.6310.6310.63
(=) Excess Retained per Share0.070.090.11
LTM Dividend per Share0.210.210.21
(+) Excess Retained per Share0.070.090.11
(=) Adjusted Dividend0.280.300.32
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-13.68%-12.68%-11.68%
Fair Value$1.19$1.38$1.56
Upside / Downside-88.14%-86.19%-84.41%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3.673.212.802.452.141.861.92
Payout Ratio60.81%66.65%72.49%78.32%84.16%90.00%92.50%
Projected Dividends (M)2.232.142.031.921.801.681.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-13.68%-12.68%-11.68%
Year 1 PV (M)1.992.012.03
Year 2 PV (M)1.751.791.83
Year 3 PV (M)1.531.591.64
Year 4 PV (M)1.341.401.47
Year 5 PV (M)1.161.231.30
PV of Terminal Value (M)35.8737.9940.22
Equity Value (M)43.6446.0148.50
Shares Outstanding (M)10.6310.6310.63
Fair Value$4.10$4.33$4.56
Upside / Downside-58.96%-56.73%-54.39%

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