Definitive Analysis
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Definitive Analysis

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Ticker

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Sector

Kape Technologies PLC (KAPE.L)

Company Dividend Discount ModelIndustry: Software - InfrastructureSector: Technology

Valuation Snapshot

Stable Growth$0.58 - $1.47$0.87
Multi-Stage$0.41 - $0.45$0.43
Blended Fair Value$0.65
Current Price$3.32
Upside-80.45%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2022202120202019201820172016201520142013
DPS0.00%0.00%0.000.000.240.000.050.000.000.000.000.00
YoY Growth--0.00%-100.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%9.50%0.00%3.79%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)3.82
(-) Cash Dividends Paid (M)1.69
(=) Cash Retained (M)2.13
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.760.480.29
Cash Retained (M)2.132.132.13
(-) Cash Required (M)-0.76-0.48-0.29
(=) Excess Retained (M)1.361.651.84
(/) Shares Outstanding (M)149.81149.81149.81
(=) Excess Retained per Share0.010.010.01
LTM Dividend per Share0.010.010.01
(+) Excess Retained per Share0.010.010.01
(=) Adjusted Dividend0.020.020.02
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate5.50%6.50%7.50%
Fair Value$0.58$0.87$1.47
Upside / Downside-82.62%-73.79%-55.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3.824.074.334.614.915.235.39
Payout Ratio44.27%53.41%62.56%71.71%80.85%90.00%92.50%
Projected Dividends (M)1.692.172.713.313.974.714.99

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1.971.992.01
Year 2 PV (M)2.232.272.31
Year 3 PV (M)2.472.542.61
Year 4 PV (M)2.692.792.90
Year 5 PV (M)2.893.033.17
PV of Terminal Value (M)49.0951.4753.93
Equity Value (M)61.3464.0866.93
Shares Outstanding (M)149.81149.81149.81
Fair Value$0.41$0.43$0.45
Upside / Downside-87.67%-87.12%-86.54%

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