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Vita Life Sciences Limited (VLS.AX)

Company Dividend Discount ModelIndustry: Drug Manufacturers - Specialty & GenericSector: Healthcare

Valuation Snapshot

Stable Growth$28.09 - $66.89$62.68
Multi-Stage$9.95 - $10.88$10.40
Blended Fair Value$36.54
Current Price$2.38
Upside1,435.46%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.71%10.16%0.090.060.050.050.040.040.040.040.040.03
YoY Growth--53.52%10.83%4.94%46.73%-2.18%-0.10%-2.13%-0.34%6.32%-0.87%
Dividend Yield--4.64%3.27%4.01%2.74%3.54%5.41%3.74%4.78%2.88%2.52%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)18.72
(-) Cash Dividends Paid (M)10.39
(=) Cash Retained (M)8.33
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.742.341.40
Cash Retained (M)8.338.338.33
(-) Cash Required (M)-3.74-2.34-1.40
(=) Excess Retained (M)4.585.996.92
(/) Shares Outstanding (M)55.6655.6655.66
(=) Excess Retained per Share0.080.110.12
LTM Dividend per Share0.190.190.19
(+) Excess Retained per Share0.080.110.12
(=) Adjusted Dividend0.270.290.31
WACC / Discount Rate6.51%6.51%6.51%
Growth Rate5.50%6.50%7.50%
Fair Value$28.09$62.68$66.89
Upside / Downside1,080.23%2,533.76%2,710.41%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)18.7219.9421.2322.6124.0825.6526.42
Payout Ratio55.52%62.41%69.31%76.21%83.10%90.00%92.50%
Projected Dividends (M)10.3912.4414.7217.2320.0123.0824.44

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.51%6.51%6.51%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)11.5711.6811.79
Year 2 PV (M)12.7312.9713.22
Year 3 PV (M)13.8614.2614.67
Year 4 PV (M)14.9715.5516.14
Year 5 PV (M)16.0616.8417.65
PV of Terminal Value (M)484.40507.80532.09
Equity Value (M)553.61579.11605.56
Shares Outstanding (M)55.6655.6655.66
Fair Value$9.95$10.40$10.88
Upside / Downside317.91%337.16%357.13%

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