Definitive Analysis
Definitive Analysis

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Ticker

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Hansen Technologies Limited (HSN.AX)

Company Dividend Discount ModelIndustry: Software - ApplicationSector: Technology

Valuation Snapshot

Stable Growth$13.31 - $60.28$30.62
Multi-Stage$7.07 - $7.73$7.39
Blended Fair Value$19.00
Current Price$4.98
Upside281.61%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS13.31%8.63%0.090.090.090.110.100.050.060.050.050.04
YoY Growth--2.68%0.00%-17.99%2.24%116.98%-19.96%21.60%-8.66%19.68%15.06%
Dividend Yield--1.79%1.93%1.68%2.03%1.66%1.64%1.50%1.55%1.33%1.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)64.39
(-) Cash Dividends Paid (M)37.30
(=) Cash Retained (M)27.09
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12.888.054.83
Cash Retained (M)27.0927.0927.09
(-) Cash Required (M)-12.88-8.05-4.83
(=) Excess Retained (M)14.2119.0422.26
(/) Shares Outstanding (M)212.44212.44212.44
(=) Excess Retained per Share0.070.090.10
LTM Dividend per Share0.180.180.18
(+) Excess Retained per Share0.070.090.10
(=) Adjusted Dividend0.240.270.28
WACC / Discount Rate7.42%7.42%7.42%
Growth Rate5.50%6.50%7.50%
Fair Value$13.31$30.62$60.28
Upside / Downside167.19%514.79%1,110.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)64.3968.5773.0377.7882.8388.2290.86
Payout Ratio57.93%64.34%70.76%77.17%83.59%90.00%92.50%
Projected Dividends (M)37.3044.1251.6760.0269.2479.4084.05

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.42%7.42%7.42%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)40.6941.0741.46
Year 2 PV (M)43.9444.7845.63
Year 3 PV (M)47.0748.4249.80
Year 4 PV (M)50.0751.9953.97
Year 5 PV (M)52.9555.5058.16
PV of Terminal Value (M)1,267.361,328.581,392.13
Equity Value (M)1,502.081,570.351,641.15
Shares Outstanding (M)212.44212.44212.44
Fair Value$7.07$7.39$7.73
Upside / Downside41.98%48.43%55.13%

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