Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Judges Scientific plc (JDG.L)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$167.14 - $761.06$382.47
Multi-Stage$88.27 - $96.48$92.30
Blended Fair Value$237.38
Current Price$88.80
Upside167.33%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-15.54%18.05%0.960.840.650.540.482.230.310.260.230.20
YoY Growth--14.04%29.55%21.21%12.35%-78.64%619.26%20.65%10.25%14.15%11.96%
Dividend Yield--1.14%0.90%0.77%0.64%0.75%3.96%1.29%1.23%1.68%1.34%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)25.90
(-) Cash Dividends Paid (M)12.20
(=) Cash Retained (M)13.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.183.241.94
Cash Retained (M)13.7013.7013.70
(-) Cash Required (M)-5.18-3.24-1.94
(=) Excess Retained (M)8.5210.4611.76
(/) Shares Outstanding (M)6.776.776.77
(=) Excess Retained per Share1.261.551.74
LTM Dividend per Share1.801.801.80
(+) Excess Retained per Share1.261.551.74
(=) Adjusted Dividend3.063.353.54
WACC / Discount Rate7.43%7.43%7.43%
Growth Rate5.50%6.50%7.50%
Fair Value$167.14$382.47$761.06
Upside / Downside88.22%330.71%757.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)25.9027.5829.3831.2933.3235.4936.55
Payout Ratio47.10%55.68%64.26%72.84%81.42%90.00%92.50%
Projected Dividends (M)12.2015.3618.8822.7927.1331.9433.81

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.43%7.43%7.43%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)14.1614.3014.43
Year 2 PV (M)16.0516.3616.66
Year 3 PV (M)17.8718.3818.90
Year 4 PV (M)19.6120.3721.14
Year 5 PV (M)21.2922.3223.38
PV of Terminal Value (M)508.42532.98558.48
Equity Value (M)597.40624.69653.00
Shares Outstanding (M)6.776.776.77
Fair Value$88.27$92.30$96.48
Upside / Downside-0.60%3.94%8.65%

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