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Freelance.com S.A. (ALFRE.PA)

Company Dividend Discount ModelIndustry: Staffing & Employment ServicesSector: Industrials

Valuation Snapshot

Stable Growth$41.91 - $137.68$129.02
Multi-Stage$17.96 - $19.66$18.80
Blended Fair Value$73.91
Current Price$2.28
Upside3,141.62%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.080.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.70%0.00%0.00%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)39.31
(-) Cash Dividends Paid (M)9.28
(=) Cash Retained (M)30.03
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7.864.912.95
Cash Retained (M)30.0330.0330.03
(-) Cash Required (M)-7.86-4.91-2.95
(=) Excess Retained (M)22.1725.1227.08
(/) Shares Outstanding (M)56.7856.7856.78
(=) Excess Retained per Share0.390.440.48
LTM Dividend per Share0.160.160.16
(+) Excess Retained per Share0.390.440.48
(=) Adjusted Dividend0.550.610.64
WACC / Discount Rate6.89%6.89%6.89%
Growth Rate5.50%6.50%7.50%
Fair Value$41.91$129.02$137.68
Upside / Downside1,738.17%5,558.87%5,938.41%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)39.3141.8644.5847.4850.5753.8555.47
Payout Ratio23.60%36.88%50.16%63.44%76.72%90.00%92.50%
Projected Dividends (M)9.2815.4422.3630.1238.7948.4751.31

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.89%6.89%6.89%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)14.3114.4414.58
Year 2 PV (M)19.2119.5719.94
Year 3 PV (M)23.9724.6625.36
Year 4 PV (M)28.6129.7130.85
Year 5 PV (M)33.1334.7336.39
PV of Terminal Value (M)900.60944.10989.27
Equity Value (M)1,019.831,067.221,116.38
Shares Outstanding (M)56.7856.7856.78
Fair Value$17.96$18.80$19.66
Upside / Downside687.77%724.38%762.35%

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