Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Planisware Promesses (PLNW.PA)

Company Dividend Discount ModelIndustry: Software - ApplicationSector: Technology

Valuation Snapshot

Stable Growth$6.44 - $9.34$7.85
Multi-Stage$10.87 - $11.94$11.40
Blended Fair Value$9.62
Current Price$23.70
Upside-59.41%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%0.300.220.190.150.130.000.000.000.000.00
YoY Growth--32.43%18.69%29.77%15.69%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.27%1.12%0.94%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)61.75
(-) Cash Dividends Paid (M)21.77
(=) Cash Retained (M)39.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12.357.724.63
Cash Retained (M)39.9739.9739.97
(-) Cash Required (M)-12.35-7.72-4.63
(=) Excess Retained (M)27.6232.2635.34
(/) Shares Outstanding (M)70.1370.1370.13
(=) Excess Retained per Share0.390.460.50
LTM Dividend per Share0.310.310.31
(+) Excess Retained per Share0.390.460.50
(=) Adjusted Dividend0.700.770.81
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-2.00%-1.00%0.00%
Fair Value$6.44$7.85$9.34
Upside / Downside-72.83%-66.90%-60.60%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)61.7561.1360.5259.9159.3158.7260.48
Payout Ratio35.26%46.21%57.16%68.10%79.05%90.00%92.50%
Projected Dividends (M)21.7728.2534.5940.8046.8952.8555.95

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)25.7225.9826.24
Year 2 PV (M)28.6829.2629.86
Year 3 PV (M)30.8031.7532.72
Year 4 PV (M)32.2233.5634.94
Year 5 PV (M)33.0734.7936.58
PV of Terminal Value (M)611.99643.85677.04
Equity Value (M)762.47799.20837.38
Shares Outstanding (M)70.1370.1370.13
Fair Value$10.87$11.40$11.94
Upside / Downside-54.13%-51.92%-49.62%

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