Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Duke Capital Limited (DUKE.L)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$8.84 - $13.43$10.99
Multi-Stage$17.83 - $19.66$18.72
Blended Fair Value$14.86
Current Price$0.28
Upside5,264.32%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS15.29%0.00%0.030.030.030.020.010.010.010.000.000.00
YoY Growth--6.29%4.96%51.02%141.29%-49.89%49.47%334.70%0.00%0.00%0.00%
Dividend Yield--10.58%8.48%8.27%4.46%1.88%5.89%2.31%0.58%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)420.71
(-) Cash Dividends Paid (M)17.34
(=) Cash Retained (M)403.36
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)84.1452.5931.55
Cash Retained (M)403.36403.36403.36
(-) Cash Required (M)-84.14-52.59-31.55
(=) Excess Retained (M)319.22350.78371.81
(/) Shares Outstanding (M)417.92417.92417.92
(=) Excess Retained per Share0.760.840.89
LTM Dividend per Share0.040.040.04
(+) Excess Retained per Share0.760.840.89
(=) Adjusted Dividend0.810.880.93
WACC / Discount Rate6.93%6.93%6.93%
Growth Rate-2.00%-1.00%0.00%
Fair Value$8.84$10.99$13.43
Upside / Downside3,090.05%3,869.11%4,749.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)420.71416.50412.33408.21404.13400.09412.09
Payout Ratio4.12%21.30%38.47%55.65%72.82%90.00%92.50%
Projected Dividends (M)17.3488.70158.64227.16294.30360.08381.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.93%6.93%6.93%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)82.1282.9583.79
Year 2 PV (M)135.95138.74141.55
Year 3 PV (M)180.22185.79191.48
Year 4 PV (M)216.14225.10234.33
Year 5 PV (M)244.81257.55270.83
PV of Terminal Value (M)6,591.696,934.937,292.33
Equity Value (M)7,450.917,825.068,214.31
Shares Outstanding (M)417.92417.92417.92
Fair Value$17.83$18.72$19.66
Upside / Downside6,336.33%6,659.54%6,995.78%

High-Yield Dividend Screener

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