Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Alten S.A. (0O1S.L)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$715.48 - $2,231.55$2,091.29
Multi-Stage$300.36 - $328.61$314.23
Blended Fair Value$1,202.76
Current Price$74.45
Upside1,515.52%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.27%4.67%1.501.481.270.970.000.960.960.950.950.95
YoY Growth--1.34%15.84%31.04%0.00%-100.00%0.24%0.40%0.03%0.19%0.45%
Dividend Yield--1.89%1.10%1.09%0.61%0.00%0.85%1.32%1.35%1.43%1.78%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)391.08
(-) Cash Dividends Paid (M)155.72
(=) Cash Retained (M)235.36
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)78.2248.8929.33
Cash Retained (M)235.36235.36235.36
(-) Cash Required (M)-78.22-48.89-29.33
(=) Excess Retained (M)157.14186.48206.03
(/) Shares Outstanding (M)34.8534.8534.85
(=) Excess Retained per Share4.515.355.91
LTM Dividend per Share4.474.474.47
(+) Excess Retained per Share4.515.355.91
(=) Adjusted Dividend8.989.8210.38
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Fair Value$715.48$2,091.29$2,231.55
Upside / Downside861.03%2,708.98%2,897.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)391.08416.50443.58472.41503.12535.82551.89
Payout Ratio39.82%49.85%59.89%69.93%79.96%90.00%92.50%
Projected Dividends (M)155.72207.65265.66330.34402.31482.24510.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)192.56194.38196.21
Year 2 PV (M)228.45232.81237.20
Year 3 PV (M)263.43271.00278.70
Year 4 PV (M)297.51308.95320.72
Year 5 PV (M)330.70346.68363.26
PV of Terminal Value (M)9,155.819,598.0410,057.19
Equity Value (M)10,468.4710,951.8511,453.28
Shares Outstanding (M)34.8534.8534.85
Fair Value$300.36$314.23$328.61
Upside / Downside303.44%322.07%341.39%

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