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LifeVantage Corporation (LFVN)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$6.12 - $8.80$7.43
Multi-Stage$9.76 - $10.73$10.24
Blended Fair Value$8.83
Current Price$9.73
Upside-9.23%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.160.160.120.120.000.000.000.000.000.00
YoY Growth--0.00%30.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.61%1.29%1.86%3.20%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)11.45
(-) Cash Dividends Paid (M)2.14
(=) Cash Retained (M)9.31
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.291.430.86
Cash Retained (M)9.319.319.31
(-) Cash Required (M)-2.29-1.43-0.86
(=) Excess Retained (M)7.027.888.45
(/) Shares Outstanding (M)13.2313.2313.23
(=) Excess Retained per Share0.530.600.64
LTM Dividend per Share0.160.160.16
(+) Excess Retained per Share0.530.600.64
(=) Adjusted Dividend0.690.760.80
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.00%-1.00%0.00%
Fair Value$6.12$7.43$8.80
Upside / Downside-37.15%-23.68%-9.55%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)11.4511.3311.2211.1111.0010.8911.21
Payout Ratio18.67%32.94%47.20%61.47%75.73%90.00%92.50%
Projected Dividends (M)2.143.735.306.838.339.8010.37

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)3.393.423.46
Year 2 PV (M)4.364.454.54
Year 3 PV (M)5.105.265.42
Year 4 PV (M)5.655.886.12
Year 5 PV (M)6.036.346.67
PV of Terminal Value (M)104.62110.07115.74
Equity Value (M)129.14135.42141.94
Shares Outstanding (M)13.2313.2313.23
Fair Value$9.76$10.24$10.73
Upside / Downside0.35%5.23%10.30%

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