Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Parabellum Acquisition Corp. (PRBM)

Company Dividend Discount ModelIndustry: Shell CompaniesSector: Financial Services

Valuation Snapshot

Stable Growth$14.03 - $22.13$17.74
Multi-Stage$34.26 - $37.81$36.00
Blended Fair Value$26.87
Current Price$9.89
Upside171.68%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2021
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%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.01%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)17.99
(-) Cash Dividends Paid (M)0.92
(=) Cash Retained (M)17.07
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.602.251.35
Cash Retained (M)17.0717.0717.07
(-) Cash Required (M)-3.60-2.25-1.35
(=) Excess Retained (M)13.4714.8215.72
(/) Shares Outstanding (M)12.6712.6712.67
(=) Excess Retained per Share1.061.171.24
LTM Dividend per Share0.070.070.07
(+) Excess Retained per Share1.061.171.24
(=) Adjusted Dividend1.141.241.31
WACC / Discount Rate5.93%5.93%5.93%
Growth Rate-2.00%-1.00%0.00%
Fair Value$14.03$17.74$22.13
Upside / Downside41.87%79.36%123.80%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)17.9917.8117.6317.4617.2817.1117.62
Payout Ratio5.11%22.09%39.07%56.05%73.02%90.00%92.50%
Projected Dividends (M)0.923.936.899.7812.6215.4016.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.93%5.93%5.93%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)3.683.713.75
Year 2 PV (M)6.026.146.26
Year 3 PV (M)7.988.238.48
Year 4 PV (M)9.6210.0210.43
Year 5 PV (M)10.9711.5412.14
PV of Terminal Value (M)395.89416.51437.97
Equity Value (M)434.16456.16479.04
Shares Outstanding (M)12.6712.6712.67
Fair Value$34.26$36.00$37.81
Upside / Downside246.45%264.00%282.26%

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