Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Aquila Services Group plc (AQSG.L)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$0.15 - $0.22$0.19
Multi-Stage$0.23 - $0.26$0.24
Blended Fair Value$0.22
Current Price$0.24
Upside-8.34%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202320222021202020192018201720162015
DPS0.39%0.00%0.010.010.000.010.010.010.010.000.000.00
YoY Growth--8.33%300.00%-82.40%15.11%16.19%14.92%220.12%0.00%0.00%0.00%
Dividend Yield--2.44%2.39%0.56%2.91%2.41%1.50%1.40%0.36%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)0.92
(-) Cash Dividends Paid (M)0.31
(=) Cash Retained (M)0.61
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.180.110.07
Cash Retained (M)0.610.610.61
(-) Cash Required (M)-0.18-0.11-0.07
(=) Excess Retained (M)0.420.490.54
(/) Shares Outstanding (M)41.0541.0541.05
(=) Excess Retained per Share0.010.010.01
LTM Dividend per Share0.010.010.01
(+) Excess Retained per Share0.010.010.01
(=) Adjusted Dividend0.020.020.02
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate-1.61%-0.61%0.39%
Fair Value$0.15$0.19$0.22
Upside / Downside-34.45%-20.64%-6.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)0.920.910.910.900.900.890.92
Payout Ratio33.77%45.02%56.26%67.51%78.75%90.00%92.50%
Projected Dividends (M)0.310.410.510.610.710.800.85

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate-1.61%-0.61%0.39%
Year 1 PV (M)0.370.370.38
Year 2 PV (M)0.410.420.43
Year 3 PV (M)0.450.460.47
Year 4 PV (M)0.470.490.50
Year 5 PV (M)0.480.500.53
PV of Terminal Value (M)7.407.798.19
Equity Value (M)9.5810.0310.50
Shares Outstanding (M)41.0541.0541.05
Fair Value$0.23$0.24$0.26
Upside / Downside-0.74%3.96%8.85%

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