Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Mphasis Limited (MPHASIS.BO)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$5,956.66 - $18,596.23$17,427.39
Multi-Stage$2,535.78 - $2,772.45$2,651.96
Blended Fair Value$10,039.67
Current Price$2,654.80
Upside278.17%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS11.39%19.70%54.4849.3845.3263.7934.1931.7724.3820.6926.4821.17
YoY Growth--10.33%8.96%-28.94%86.57%7.61%30.30%17.86%-21.87%25.06%134.74%
Dividend Yield--1.91%1.98%2.39%2.78%1.60%3.62%2.46%1.91%4.42%3.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)17,850.76
(-) Cash Dividends Paid (M)10,401.84
(=) Cash Retained (M)7,448.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,570.152,231.351,338.81
Cash Retained (M)7,448.927,448.927,448.92
(-) Cash Required (M)-3,570.15-2,231.35-1,338.81
(=) Excess Retained (M)3,878.775,217.586,110.11
(/) Shares Outstanding (M)190.90190.90190.90
(=) Excess Retained per Share20.3227.3332.01
LTM Dividend per Share54.4954.4954.49
(+) Excess Retained per Share20.3227.3332.01
(=) Adjusted Dividend74.8181.8286.49
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Fair Value$5,956.66$17,427.39$18,596.23
Upside / Downside124.37%556.45%600.48%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)17,850.7619,011.0620,246.7821,562.8222,964.4024,457.0925,190.80
Payout Ratio58.27%64.62%70.96%77.31%83.65%90.00%92.50%
Projected Dividends (M)10,401.8412,284.3614,367.6616,669.8819,210.6922,011.3823,301.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)11,391.5511,499.5311,607.50
Year 2 PV (M)12,355.1112,590.4412,827.99
Year 3 PV (M)13,293.0213,674.6114,063.44
Year 4 PV (M)14,205.7614,752.0715,313.99
Year 5 PV (M)15,093.8115,822.8516,579.79
PV of Terminal Value (M)417,748.63437,926.05458,875.70
Equity Value (M)484,087.88506,265.55529,268.42
Shares Outstanding (M)190.90190.90190.90
Fair Value$2,535.78$2,651.96$2,772.45
Upside / Downside-4.48%-0.11%4.43%

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