Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Uniti Group Inc. (UNIT)

Company Dividend Discount ModelIndustry: REIT - SpecialtySector: Real Estate

Valuation Snapshot

Stable Growth$67.72 - $99.73$83.08
Multi-Stage$87.70 - $96.32$91.93
Blended Fair Value$87.50
Current Price$7.18
Upside1,118.73%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-4.80%0.00%0.580.570.760.750.720.742.272.131.961.25
YoY Growth--0.98%-24.87%1.12%4.20%-2.20%-67.44%6.47%8.80%56.34%0.00%
Dividend Yield--6.90%5.82%12.90%3.29%3.94%7.37%11.75%7.89%4.56%3.39%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,596.56
(-) Cash Dividends Paid (M)0.02
(=) Cash Retained (M)1,596.54
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)319.31199.57119.74
Cash Retained (M)1,596.541,596.541,596.54
(-) Cash Required (M)-319.31-199.57-119.74
(=) Excess Retained (M)1,277.231,396.971,476.80
(/) Shares Outstanding (M)187.86187.86187.86
(=) Excess Retained per Share6.807.447.86
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share6.807.447.86
(=) Adjusted Dividend6.807.447.86
WACC / Discount Rate10.03%10.03%10.03%
Growth Rate-0.01%0.99%1.99%
Fair Value$67.72$83.08$99.73
Upside / Downside843.11%1,057.11%1,289.01%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,596.561,612.311,628.221,644.291,660.511,676.901,727.20
Payout Ratio0.00%18.00%36.00%54.00%72.00%90.00%92.50%
Projected Dividends (M)0.02290.23586.17887.921,195.571,509.211,597.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.03%10.03%10.03%
Growth Rate-0.01%0.99%1.99%
Year 1 PV (M)261.17263.79266.40
Year 2 PV (M)474.67484.21493.85
Year 3 PV (M)647.03666.64686.64
Year 4 PV (M)783.99815.83848.63
Year 5 PV (M)890.57936.00983.27
PV of Terminal Value (M)13,418.8014,103.3814,815.63
Equity Value (M)16,476.2417,269.8618,094.42
Shares Outstanding (M)187.86187.86187.86
Fair Value$87.70$91.93$96.32
Upside / Downside1,121.51%1,180.34%1,241.48%

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