Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Wingstop Inc. (WING)

Company Dividend Discount ModelIndustry: RestaurantsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$113.90 - $239.77$161.27
Multi-Stage$83.44 - $91.13$87.21
Blended Fair Value$124.24
Current Price$247.44
Upside-49.79%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS19.71%0.00%1.020.884.970.705.760.416.710.142.931.69
YoY Growth--15.91%-82.37%612.74%-87.90%1,294.92%-93.84%4,586.41%-95.11%73.48%0.00%
Dividend Yield--0.45%0.24%2.71%0.64%4.60%0.53%8.83%0.30%10.36%7.68%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)174.26
(-) Cash Dividends Paid (M)31.91
(=) Cash Retained (M)142.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)34.8521.7813.07
Cash Retained (M)142.35142.35142.35
(-) Cash Required (M)-34.85-21.78-13.07
(=) Excess Retained (M)107.50120.57129.28
(/) Shares Outstanding (M)28.4328.4328.43
(=) Excess Retained per Share3.784.244.55
LTM Dividend per Share1.121.121.12
(+) Excess Retained per Share3.784.244.55
(=) Adjusted Dividend4.905.365.67
WACC / Discount Rate10.04%10.04%10.04%
Growth Rate5.50%6.50%7.50%
Fair Value$113.90$161.27$239.77
Upside / Downside-53.97%-34.83%-3.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)174.26185.59197.65210.50224.18238.75245.91
Payout Ratio18.31%32.65%46.99%61.32%75.66%90.00%92.50%
Projected Dividends (M)31.9160.5992.87129.08169.62214.87227.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.04%10.04%10.04%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)54.5455.0655.58
Year 2 PV (M)75.2676.6978.14
Year 3 PV (M)94.1796.8799.63
Year 4 PV (M)111.39115.67120.08
Year 5 PV (M)127.03133.16139.53
PV of Terminal Value (M)1,909.532,001.772,097.53
Equity Value (M)2,371.922,479.222,590.48
Shares Outstanding (M)28.4328.4328.43
Fair Value$83.44$87.21$91.13
Upside / Downside-66.28%-64.75%-63.17%

High-Yield Dividend Screener

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