Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Fabasoft AG (0IWU.L)

Company Dividend Discount ModelIndustry: Software - ServicesSector: Technology

Valuation Snapshot

Stable Growth$13.12 - $24.78$17.84
Multi-Stage$14.67 - $16.09$15.37
Blended Fair Value$16.60
Current Price$15.65
Upside6.10%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-27.28%-6.35%0.100.300.760.860.660.490.180.160.140.21
YoY Growth---66.97%-60.00%-11.76%30.77%33.37%177.77%9.78%17.28%-33.38%7.14%
Dividend Yield--0.64%1.65%4.01%4.53%1.61%1.77%0.93%1.35%1.23%4.38%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9.21
(-) Cash Dividends Paid (M)1.09
(=) Cash Retained (M)8.12
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.841.150.69
Cash Retained (M)8.128.128.12
(-) Cash Required (M)-1.84-1.15-0.69
(=) Excess Retained (M)6.286.977.43
(/) Shares Outstanding (M)10.8510.8510.85
(=) Excess Retained per Share0.580.640.68
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.580.640.68
(=) Adjusted Dividend0.680.740.79
WACC / Discount Rate8.00%8.00%8.00%
Growth Rate2.68%3.68%4.68%
Fair Value$13.12$17.84$24.78
Upside / Downside-16.19%14.00%58.35%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9.219.559.9010.2610.6411.0311.36
Payout Ratio11.84%27.47%43.10%58.74%74.37%90.00%92.50%
Projected Dividends (M)1.092.624.276.037.919.9310.51

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.00%8.00%8.00%
Growth Rate2.68%3.68%4.68%
Year 1 PV (M)2.402.432.45
Year 2 PV (M)3.593.663.73
Year 3 PV (M)4.654.794.93
Year 4 PV (M)5.605.826.04
Year 5 PV (M)6.446.767.09
PV of Terminal Value (M)136.45143.22150.27
Equity Value (M)159.12166.67174.51
Shares Outstanding (M)10.8510.8510.85
Fair Value$14.67$15.37$16.09
Upside / Downside-6.25%-1.80%2.81%

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