Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Touchstar plc (TST.L)

Company Dividend Discount ModelIndustry: Computer HardwareSector: Technology

Valuation Snapshot

Stable Growth$0.54 - $0.78$0.66
Multi-Stage$0.83 - $0.91$0.87
Blended Fair Value$0.77
Current Price$0.91
Upside-15.38%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%9.31%0.030.010.000.000.000.000.000.000.000.00
YoY Growth--200.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%
Dividend Yield--3.11%1.07%0.00%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)0.64
(-) Cash Dividends Paid (M)0.35
(=) Cash Retained (M)0.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.130.080.05
Cash Retained (M)0.280.280.28
(-) Cash Required (M)-0.13-0.08-0.05
(=) Excess Retained (M)0.160.200.24
(/) Shares Outstanding (M)8.328.328.32
(=) Excess Retained per Share0.020.020.03
LTM Dividend per Share0.040.040.04
(+) Excess Retained per Share0.020.020.03
(=) Adjusted Dividend0.060.070.07
WACC / Discount Rate9.83%9.83%9.83%
Growth Rate-1.29%-0.29%0.71%
Fair Value$0.54$0.66$0.78
Upside / Downside-40.07%-27.25%-13.80%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)0.640.630.630.630.630.630.64
Payout Ratio55.43%62.35%69.26%76.17%83.09%90.00%92.50%
Projected Dividends (M)0.350.390.440.480.520.560.60

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.83%9.83%9.83%
Growth Rate-1.29%-0.29%0.71%
Year 1 PV (M)0.360.360.36
Year 2 PV (M)0.360.360.37
Year 3 PV (M)0.350.360.37
Year 4 PV (M)0.340.360.37
Year 5 PV (M)0.340.350.37
PV of Terminal Value (M)5.205.475.75
Equity Value (M)6.947.267.59
Shares Outstanding (M)8.328.328.32
Fair Value$0.83$0.87$0.91
Upside / Downside-7.80%-3.52%0.92%

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