Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

ECSC Group plc (ECSC.L)

Company Dividend Discount ModelIndustry: Software - InfrastructureSector: Technology

Valuation Snapshot

Stable Growth$34.61 - $49.57$41.94
Multi-Stage$54.40 - $59.76$57.02
Blended Fair Value$49.48
Current Price$0.53
Upside9,324.91%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20212020201920182017201520142013
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%-100.00%-9.23%27.78%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%0.00%0.00%0.06%0.06%0.05%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)996.68
(-) Cash Dividends Paid (M)220.31
(=) Cash Retained (M)776.37
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)199.34124.5874.75
Cash Retained (M)776.37776.37776.37
(-) Cash Required (M)-199.34-124.58-74.75
(=) Excess Retained (M)577.03651.78701.62
(/) Shares Outstanding (M)198.92198.92198.92
(=) Excess Retained per Share2.903.283.53
LTM Dividend per Share1.111.111.11
(+) Excess Retained per Share2.903.283.53
(=) Adjusted Dividend4.014.384.63
WACC / Discount Rate9.35%9.35%9.35%
Growth Rate-2.00%-1.00%0.00%
Fair Value$34.61$41.94$49.57
Upside / Downside6,492.55%7,888.00%9,342.09%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)996.68986.71976.84967.08957.40947.83976.27
Payout Ratio22.10%35.68%49.26%62.84%76.42%90.00%92.50%
Projected Dividends (M)220.31352.09481.22607.73731.66853.05903.05

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.35%9.35%9.35%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)318.74321.99325.24
Year 2 PV (M)394.36402.45410.62
Year 3 PV (M)450.85464.79479.02
Year 4 PV (M)491.37511.73532.72
Year 5 PV (M)518.62545.62573.74
PV of Terminal Value (M)8,646.689,096.939,565.74
Equity Value (M)10,820.6011,343.5111,887.09
Shares Outstanding (M)198.92198.92198.92
Fair Value$54.40$57.02$59.76
Upside / Downside10,261.12%10,761.83%11,282.32%

High-Yield Dividend Screener

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