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IVE Group Limited (IGL.AX)

Company Dividend Discount ModelIndustry: Advertising AgenciesSector: Communication Services

Valuation Snapshot

Stable Growth$32.62 - $94.80$88.84
Multi-Stage$13.41 - $14.65$14.02
Blended Fair Value$51.43
Current Price$2.88
Upside1,685.75%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS19.56%13.30%0.180.180.170.140.070.070.150.140.100.00
YoY Growth--0.59%6.89%16.85%115.82%-9.90%-52.15%11.85%40.43%0.00%-100.00%
Dividend Yield--6.21%9.07%7.23%8.28%4.52%9.15%7.46%5.97%4.53%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)74.31
(-) Cash Dividends Paid (M)55.60
(=) Cash Retained (M)18.72
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.869.295.57
Cash Retained (M)18.7218.7218.72
(-) Cash Required (M)-14.86-9.29-5.57
(=) Excess Retained (M)3.869.4313.14
(/) Shares Outstanding (M)155.90155.90155.90
(=) Excess Retained per Share0.020.060.08
LTM Dividend per Share0.360.360.36
(+) Excess Retained per Share0.020.060.08
(=) Adjusted Dividend0.380.420.44
WACC / Discount Rate6.73%6.73%6.73%
Growth Rate5.50%6.50%7.50%
Fair Value$32.62$88.84$94.80
Upside / Downside1,032.57%2,984.72%3,191.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)74.3179.1484.2989.7795.60101.82104.87
Payout Ratio74.81%77.85%80.89%83.92%86.96%90.00%92.50%
Projected Dividends (M)55.6061.6168.1875.3483.1491.6397.00

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.73%6.73%6.73%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)57.1857.7358.27
Year 2 PV (M)58.7359.8560.98
Year 3 PV (M)60.2361.9663.72
Year 4 PV (M)61.6964.0666.50
Year 5 PV (M)63.1166.1569.32
PV of Terminal Value (M)1,789.371,875.791,965.53
Equity Value (M)2,090.302,185.542,284.31
Shares Outstanding (M)155.90155.90155.90
Fair Value$13.41$14.02$14.65
Upside / Downside365.56%386.77%408.77%

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