Definitive Analysis
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Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Pandora A/S (PNDORA.CO)

Company Dividend Discount ModelIndustry: Luxury GoodsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$5,623.88 - $13,363.37$12,523.43
Multi-Stage$1,964.07 - $2,149.73$2,055.20
Blended Fair Value$7,289.31
Current Price$828.40
Upside779.93%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.48%6.02%18.7818.0319.330.0010.5422.4224.8151.0219.2413.89
YoY Growth--4.18%-6.74%0.00%-100.00%-53.02%-9.62%-51.36%165.10%38.51%32.68%
Dividend Yield--1.78%1.64%2.95%0.00%1.55%10.15%7.81%7.98%2.49%1.62%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,262.00
(-) Cash Dividends Paid (M)1,950.00
(=) Cash Retained (M)3,312.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,052.40657.75394.65
Cash Retained (M)3,312.003,312.003,312.00
(-) Cash Required (M)-1,052.40-657.75-394.65
(=) Excess Retained (M)2,259.602,654.252,917.35
(/) Shares Outstanding (M)78.3178.3178.31
(=) Excess Retained per Share28.8533.8937.25
LTM Dividend per Share24.9024.9024.90
(+) Excess Retained per Share28.8533.8937.25
(=) Adjusted Dividend53.7658.8062.16
WACC / Discount Rate6.51%6.51%6.51%
Growth Rate5.50%6.50%7.50%
Fair Value$5,623.88$12,523.43$13,363.37
Upside / Downside578.89%1,411.76%1,513.15%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,262.005,604.035,968.296,356.236,769.397,209.407,425.68
Payout Ratio37.06%47.65%58.23%68.82%79.41%90.00%92.50%
Projected Dividends (M)1,950.002,670.133,475.634,374.575,375.686,488.466,868.75

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.51%6.51%6.51%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,483.422,506.962,530.50
Year 2 PV (M)3,006.573,063.843,121.64
Year 3 PV (M)3,519.593,620.623,723.57
Year 4 PV (M)4,022.624,177.324,336.44
Year 5 PV (M)4,515.814,733.934,960.39
PV of Terminal Value (M)136,257.58142,838.87149,672.05
Equity Value (M)153,805.59160,941.54168,344.59
Shares Outstanding (M)78.3178.3178.31
Fair Value$1,964.07$2,055.20$2,149.73
Upside / Downside137.09%148.09%159.50%

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