Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Tyman plc (TYMN.L)

Company Dividend Discount ModelIndustry: ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$4.51 - $7.11$5.70
Multi-Stage$5.82 - $6.36$6.09
Blended Fair Value$5.89
Current Price$3.18
Upside85.29%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS3.53%14.22%0.140.130.080.000.120.110.100.080.070.06
YoY Growth--4.72%62.82%0.00%-100.00%5.54%14.69%25.16%6.96%33.31%55.22%
Dividend Yield--4.27%5.74%1.99%0.00%4.43%4.86%2.72%2.88%2.46%1.77%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)86.00
(-) Cash Dividends Paid (M)52.00
(=) Cash Retained (M)34.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17.2010.756.45
Cash Retained (M)34.0034.0034.00
(-) Cash Required (M)-17.20-10.75-6.45
(=) Excess Retained (M)16.8023.2527.55
(/) Shares Outstanding (M)195.75195.75195.75
(=) Excess Retained per Share0.090.120.14
LTM Dividend per Share0.270.270.27
(+) Excess Retained per Share0.090.120.14
(=) Adjusted Dividend0.350.380.41
WACC / Discount Rate9.45%9.45%9.45%
Growth Rate1.53%2.53%3.53%
Fair Value$4.51$5.70$7.11
Upside / Downside41.73%79.18%123.59%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)86.0088.1890.4192.7095.0597.45100.38
Payout Ratio60.47%66.37%72.28%78.19%84.09%90.00%92.50%
Projected Dividends (M)52.0058.5365.3572.4879.9387.7192.85

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.45%9.45%9.45%
Growth Rate1.53%2.53%3.53%
Year 1 PV (M)52.9553.4753.99
Year 2 PV (M)53.4954.5555.62
Year 3 PV (M)53.6855.2856.91
Year 4 PV (M)53.5655.7057.90
Year 5 PV (M)53.1755.8458.62
PV of Terminal Value (M)872.79916.63962.21
Equity Value (M)1,139.641,191.471,245.26
Shares Outstanding (M)195.75195.75195.75
Fair Value$5.82$6.09$6.36
Upside / Downside83.08%91.40%100.04%

High-Yield Dividend Screener

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