Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Delta Galil Industries Ltd. (DELG.TA)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$68.95 - $157.95$100.55
Multi-Stage$50.30 - $54.89$52.55
Blended Fair Value$76.55
Current Price$52.87
Upside44.79%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS24.36%9.34%1.261.011.070.590.250.420.540.540.540.54
YoY Growth--24.38%-5.35%80.83%138.07%-41.30%-21.22%0.11%-0.28%0.15%4.24%
Dividend Yield--2.66%2.28%2.71%0.87%1.01%2.74%1.76%1.84%1.98%1.99%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)88.05
(-) Cash Dividends Paid (M)33.99
(=) Cash Retained (M)54.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17.6111.016.60
Cash Retained (M)54.0654.0654.06
(-) Cash Required (M)-17.61-11.01-6.60
(=) Excess Retained (M)36.4543.0647.46
(/) Shares Outstanding (M)26.1726.1726.17
(=) Excess Retained per Share1.391.641.81
LTM Dividend per Share1.301.301.30
(+) Excess Retained per Share1.391.641.81
(=) Adjusted Dividend2.692.943.11
WACC / Discount Rate9.62%9.62%9.62%
Growth Rate5.50%6.50%7.50%
Fair Value$68.95$100.55$157.95
Upside / Downside30.41%90.17%198.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)88.0593.7899.87106.36113.28120.64124.26
Payout Ratio38.60%48.88%59.16%69.44%79.72%90.00%92.50%
Projected Dividends (M)33.9945.8459.0973.8690.31108.58114.94

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.62%9.62%9.62%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)41.4341.8242.21
Year 2 PV (M)48.2549.1750.10
Year 3 PV (M)54.5156.0757.67
Year 4 PV (M)60.2362.5464.93
Year 5 PV (M)65.4468.6071.88
PV of Terminal Value (M)1,046.781,097.341,149.84
Equity Value (M)1,316.641,375.551,436.63
Shares Outstanding (M)26.1726.1726.17
Fair Value$50.30$52.55$54.89
Upside / Downside-4.86%-0.60%3.82%

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