Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Humming Bird Education Limited (HBEL.BO)

Company Dividend Discount ModelIndustry: Specialty Business ServicesSector: Industrials

Valuation Snapshot

Stable Growth$29.79 - $66.60$43.08
Multi-Stage$21.87 - $23.86$22.85
Blended Fair Value$32.97
Current Price$92.00
Upside-64.17%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.000.550.000.000.110.000.000.000.000.00
YoY Growth---100.00%0.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%1.37%0.00%0.00%1.06%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)5.03
(-) Cash Dividends Paid (M)1.84
(=) Cash Retained (M)3.19
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.010.630.38
Cash Retained (M)3.193.193.19
(-) Cash Required (M)-1.01-0.63-0.38
(=) Excess Retained (M)2.192.572.82
(/) Shares Outstanding (M)3.373.373.37
(=) Excess Retained per Share0.650.760.84
LTM Dividend per Share0.550.550.55
(+) Excess Retained per Share0.650.760.84
(=) Adjusted Dividend1.191.311.38
WACC / Discount Rate9.73%9.73%9.73%
Growth Rate5.50%6.50%7.50%
Fair Value$29.79$43.08$66.60
Upside / Downside-67.62%-53.17%-27.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5.035.365.716.086.486.907.10
Payout Ratio36.54%47.23%57.92%68.61%79.31%90.00%92.50%
Projected Dividends (M)1.842.533.314.175.146.216.57

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.73%9.73%9.73%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2.292.312.33
Year 2 PV (M)2.692.752.80
Year 3 PV (M)3.073.163.25
Year 4 PV (M)3.413.543.68
Year 5 PV (M)3.723.904.09
PV of Terminal Value (M)58.5561.3864.31
Equity Value (M)73.7377.0380.45
Shares Outstanding (M)3.373.373.37
Fair Value$21.87$22.85$23.86
Upside / Downside-76.23%-75.16%-74.06%

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