Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Pollen Street Group Limited (POLN.L)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$12.66 - $18.70$15.55
Multi-Stage$23.28 - $25.59$24.41
Blended Fair Value$19.98
Current Price$7.86
Upside154.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS-4.66%0.00%0.400.500.460.450.460.500.440.340.110.00
YoY Growth---21.48%9.55%2.47%-2.75%-8.10%13.73%28.86%219.75%0.00%0.00%
Dividend Yield--5.26%8.01%9.00%4.76%4.90%5.17%3.91%2.96%1.05%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)100.47
(-) Cash Dividends Paid (M)40.70
(=) Cash Retained (M)59.78
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)20.0912.567.54
Cash Retained (M)59.7859.7859.78
(-) Cash Required (M)-20.09-12.56-7.54
(=) Excess Retained (M)39.6847.2252.24
(/) Shares Outstanding (M)62.7362.7362.73
(=) Excess Retained per Share0.630.750.83
LTM Dividend per Share0.650.650.65
(+) Excess Retained per Share0.630.750.83
(=) Adjusted Dividend1.281.401.48
WACC / Discount Rate7.92%7.92%7.92%
Growth Rate-2.00%-1.00%0.00%
Fair Value$12.66$15.55$18.70
Upside / Downside61.04%97.88%137.98%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)100.4799.4798.4797.4996.5195.5598.41
Payout Ratio40.50%50.40%60.30%70.20%80.10%90.00%92.50%
Projected Dividends (M)40.7050.1359.3868.4477.3185.9991.03

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.92%7.92%7.92%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)45.9946.4646.92
Year 2 PV (M)49.9650.9952.02
Year 3 PV (M)52.8254.4556.12
Year 4 PV (M)54.7256.9959.33
Year 5 PV (M)55.8358.7461.77
PV of Terminal Value (M)1,201.301,263.851,328.99
Equity Value (M)1,460.621,531.481,605.15
Shares Outstanding (M)62.7362.7362.73
Fair Value$23.28$24.41$25.59
Upside / Downside196.23%210.60%225.54%

High-Yield Dividend Screener

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