Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Golan Plastic Products Ltd (GLPL.TA)

Company Dividend Discount ModelIndustry: ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$5.49 - $7.78$6.62
Multi-Stage$8.76 - $9.58$9.16
Blended Fair Value$7.89
Current Price$8.73
Upside-9.60%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20232022202120202019
DPS0.00%0.00%1.020.000.900.000.680.000.000.000.000.00
YoY Growth--0.00%-100.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--11.66%0.00%8.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)29.67
(-) Cash Dividends Paid (M)18.00
(=) Cash Retained (M)11.67
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.933.712.23
Cash Retained (M)11.6711.6711.67
(-) Cash Required (M)-5.93-3.71-2.23
(=) Excess Retained (M)5.747.969.45
(/) Shares Outstanding (M)35.3735.3735.37
(=) Excess Retained per Share0.160.230.27
LTM Dividend per Share0.510.510.51
(+) Excess Retained per Share0.160.230.27
(=) Adjusted Dividend0.670.730.78
WACC / Discount Rate9.97%9.97%9.97%
Growth Rate-2.00%-1.00%0.00%
Fair Value$5.49$6.62$7.78
Upside / Downside-37.08%-24.14%-10.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)29.6729.3729.0828.7928.5028.2229.06
Payout Ratio60.67%66.53%72.40%78.27%84.13%90.00%92.50%
Projected Dividends (M)18.0019.5421.0522.5323.9825.4026.88

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.97%9.97%9.97%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)17.5917.7717.95
Year 2 PV (M)17.0617.4117.76
Year 3 PV (M)16.4316.9417.46
Year 4 PV (M)15.7416.4017.07
Year 5 PV (M)15.0115.7916.60
PV of Terminal Value (M)227.89239.76252.11
Equity Value (M)309.73324.07338.96
Shares Outstanding (M)35.3735.3735.37
Fair Value$8.76$9.16$9.58
Upside / Downside0.29%4.94%9.76%

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