Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Wedia S.A. (ALWED.PA)

Company Dividend Discount ModelIndustry: Software - ApplicationSector: Technology

Valuation Snapshot

Stable Growth$21.77 - $36.84$28.35
Multi-Stage$32.43 - $35.62$34.00
Blended Fair Value$31.17
Current Price$30.40
Upside2.54%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS-1.95%0.00%0.170.340.340.300.300.190.090.070.000.12
YoY Growth---50.00%-0.34%13.67%0.00%60.00%100.00%29.03%0.00%-100.00%0.00%
Dividend Yield--0.70%1.14%0.71%1.05%1.20%0.82%0.49%0.52%0.00%0.79%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1.52
(-) Cash Dividends Paid (M)0.33
(=) Cash Retained (M)1.20
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.300.190.11
Cash Retained (M)1.201.201.20
(-) Cash Required (M)-0.30-0.19-0.11
(=) Excess Retained (M)0.891.011.08
(/) Shares Outstanding (M)0.850.850.85
(=) Excess Retained per Share1.041.181.27
LTM Dividend per Share0.380.380.38
(+) Excess Retained per Share1.041.181.27
(=) Adjusted Dividend1.421.561.65
WACC / Discount Rate7.42%7.42%7.42%
Growth Rate0.83%1.83%2.83%
Fair Value$21.77$28.35$36.84
Upside / Downside-28.39%-6.76%21.19%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1.521.551.581.601.631.661.71
Payout Ratio21.38%35.11%48.83%62.55%76.28%90.00%92.50%
Projected Dividends (M)0.330.540.771.001.251.501.59

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.42%7.42%7.42%
Growth Rate0.83%1.83%2.83%
Year 1 PV (M)0.500.510.51
Year 2 PV (M)0.650.670.68
Year 3 PV (M)0.790.810.83
Year 4 PV (M)0.900.940.97
Year 5 PV (M)1.001.051.10
PV of Terminal Value (M)23.8525.0626.31
Equity Value (M)27.6929.0330.41
Shares Outstanding (M)0.850.850.85
Fair Value$32.43$34.00$35.62
Upside / Downside6.69%11.83%17.18%

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