Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

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Sector

S Chand and Company Limited (SCHAND.BO)

Company Dividend Discount ModelIndustry: PublishingSector: Communication Services

Valuation Snapshot

Stable Growth$138.67 - $216.17$174.43
Multi-Stage$328.60 - $361.79$344.87
Blended Fair Value$259.65
Current Price$233.57
Upside11.16%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%3.003.000.000.000.000.001.491.240.290.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%-100.00%20.43%332.14%0.00%0.00%
Dividend Yield--1.28%1.29%0.00%0.00%0.00%0.00%1.72%0.35%0.06%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)512.65
(-) Cash Dividends Paid (M)247.35
(=) Cash Retained (M)265.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)102.5364.0838.45
Cash Retained (M)265.30265.30265.30
(-) Cash Required (M)-102.53-64.08-38.45
(=) Excess Retained (M)162.77201.22226.85
(/) Shares Outstanding (M)35.2435.2435.24
(=) Excess Retained per Share4.625.716.44
LTM Dividend per Share7.027.027.02
(+) Excess Retained per Share4.625.716.44
(=) Adjusted Dividend11.6412.7313.46
WACC / Discount Rate6.23%6.23%6.23%
Growth Rate-2.00%-1.00%0.00%
Fair Value$138.67$174.43$216.17
Upside / Downside-40.63%-25.32%-7.45%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)512.65507.52502.45497.42492.45487.53502.15
Payout Ratio48.25%56.60%64.95%73.30%81.65%90.00%92.50%
Projected Dividends (M)247.35287.26326.34364.61402.08438.77464.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.23%6.23%6.23%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)267.69270.42273.15
Year 2 PV (M)283.40289.21295.08
Year 3 PV (M)295.07304.19313.50
Year 4 PV (M)303.23315.80328.75
Year 5 PV (M)308.36324.42341.13
PV of Terminal Value (M)10,121.1710,648.2011,196.96
Equity Value (M)11,578.9112,152.2312,748.58
Shares Outstanding (M)35.2435.2435.24
Fair Value$328.60$344.87$361.79
Upside / Downside40.69%47.65%54.90%

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