Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Prashkovsky Investments and Construction Ltd. (PRSK.TA)

Company Dividend Discount ModelIndustry: Real Estate - DevelopmentSector: Real Estate

Valuation Snapshot

Stable Growth$44.72 - $65.19$54.62
Multi-Stage$96.84 - $106.78$101.71
Blended Fair Value$78.17
Current Price$133.30
Upside-41.36%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-7.57%22.34%1.890.752.252.723.422.800.852.090.090.25
YoY Growth--151.89%-66.63%-17.48%-20.33%22.08%227.78%-59.09%2,100.00%-62.26%0.00%
Dividend Yield--2.19%0.79%2.90%1.79%3.38%5.10%2.69%7.55%0.38%2.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)128.16
(-) Cash Dividends Paid (M)24.00
(=) Cash Retained (M)104.16
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)25.6316.029.61
Cash Retained (M)104.16104.16104.16
(-) Cash Required (M)-25.63-16.02-9.61
(=) Excess Retained (M)78.5388.1494.55
(/) Shares Outstanding (M)21.0921.0921.09
(=) Excess Retained per Share3.724.184.48
LTM Dividend per Share1.141.141.14
(+) Excess Retained per Share3.724.184.48
(=) Adjusted Dividend4.865.325.62
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate-3.37%-2.37%-1.37%
Fair Value$44.72$54.62$65.19
Upside / Downside-66.45%-59.03%-51.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)128.16125.12122.15119.26116.43113.66117.07
Payout Ratio18.73%32.98%47.24%61.49%75.75%90.00%92.50%
Projected Dividends (M)24.0041.2757.7073.3388.19102.30108.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate-3.37%-2.37%-1.37%
Year 1 PV (M)38.1238.5238.91
Year 2 PV (M)49.2550.2751.31
Year 3 PV (M)57.8359.6461.49
Year 4 PV (M)64.2566.9569.73
Year 5 PV (M)68.8572.4976.28
PV of Terminal Value (M)1,764.071,857.261,954.35
Equity Value (M)2,042.362,145.132,252.07
Shares Outstanding (M)21.0921.0921.09
Fair Value$96.84$101.71$106.78
Upside / Downside-27.35%-23.70%-19.89%

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