Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Walker Crips Group plc (WCW.L)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$6.45 - $9.21$7.80
Multi-Stage$9.69 - $10.66$10.17
Blended Fair Value$8.98
Current Price$0.13
Upside6,946.85%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.000.010.010.010.000.010.020.020.020.02
YoY Growth---100.00%-65.48%61.10%498.44%-83.84%-50.25%1.27%9.78%8.98%-31.42%
Dividend Yield--0.00%2.14%6.04%2.90%0.56%4.65%7.19%4.86%4.37%3.55%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)40.22
(-) Cash Dividends Paid (M)0.21
(=) Cash Retained (M)40.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8.045.033.02
Cash Retained (M)40.0040.0040.00
(-) Cash Required (M)-8.04-5.03-3.02
(=) Excess Retained (M)31.9634.9836.99
(/) Shares Outstanding (M)42.5842.5842.58
(=) Excess Retained per Share0.750.820.87
LTM Dividend per Share0.010.010.01
(+) Excess Retained per Share0.750.820.87
(=) Adjusted Dividend0.760.830.87
WACC / Discount Rate9.49%9.49%9.49%
Growth Rate-2.00%-1.00%0.00%
Fair Value$6.45$7.80$9.21
Upside / Downside4,955.55%6,018.51%7,122.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)40.2239.8139.4239.0238.6338.2539.39
Payout Ratio0.53%18.42%36.32%54.21%72.11%90.00%92.50%
Projected Dividends (M)0.217.3414.3221.1527.8634.4236.44

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.49%9.49%9.49%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)6.636.706.77
Year 2 PV (M)11.7011.9412.18
Year 3 PV (M)15.6316.1216.61
Year 4 PV (M)18.6119.3820.18
Year 5 PV (M)20.7921.8823.00
PV of Terminal Value (M)339.26356.92375.32
Equity Value (M)412.63432.94454.06
Shares Outstanding (M)42.5842.5842.58
Fair Value$9.69$10.17$10.66
Upside / Downside7,501.04%7,875.20%8,264.25%

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