Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

GFT Technologies SE (0O2W.L)

Company Dividend Discount ModelIndustry: Software - ServicesSector: Technology

Valuation Snapshot

Stable Growth$54.54 - $264.56$117.12
Multi-Stage$29.54 - $32.30$30.90
Blended Fair Value$74.01
Current Price$18.12
Upside308.44%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.76%7.18%0.500.450.350.200.200.300.300.300.300.25
YoY Growth--11.11%28.57%75.00%0.00%-33.33%0.00%0.00%0.00%20.00%0.00%
Dividend Yield--2.23%1.68%0.99%0.48%1.27%4.02%3.97%2.31%1.68%1.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)34.98
(-) Cash Dividends Paid (M)13.04
(=) Cash Retained (M)21.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7.004.372.62
Cash Retained (M)21.9321.9321.93
(-) Cash Required (M)-7.00-4.37-2.62
(=) Excess Retained (M)14.9417.5619.31
(/) Shares Outstanding (M)26.2926.2926.29
(=) Excess Retained per Share0.570.670.73
LTM Dividend per Share0.500.500.50
(+) Excess Retained per Share0.570.670.73
(=) Adjusted Dividend1.061.161.23
WACC / Discount Rate7.56%7.56%7.56%
Growth Rate5.50%6.50%7.50%
Fair Value$54.54$117.12$264.56
Upside / Downside201.02%546.36%1,360.03%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)34.9837.2539.6742.2544.9947.9249.36
Payout Ratio37.28%47.83%58.37%68.91%79.46%90.00%92.50%
Projected Dividends (M)13.0417.8223.1629.1135.7543.1345.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.56%7.56%7.56%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)16.4116.5616.72
Year 2 PV (M)19.6420.0220.39
Year 3 PV (M)22.7523.4024.06
Year 4 PV (M)25.7226.7127.73
Year 5 PV (M)28.5829.9631.39
PV of Terminal Value (M)663.68695.74729.02
Equity Value (M)776.78812.39849.32
Shares Outstanding (M)26.2926.2926.29
Fair Value$29.54$30.90$32.30
Upside / Downside63.05%70.53%78.28%

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