Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

The Character Group plc (CCT.L)

Company Dividend Discount ModelIndustry: LeisureSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$4.24 - $6.15$5.17
Multi-Stage$6.98 - $7.64$7.31
Blended Fair Value$6.24
Current Price$2.64
Upside136.29%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-7.38%10.04%0.190.180.170.100.170.280.230.190.150.10
YoY Growth--3.93%6.28%70.48%-40.01%-39.67%19.86%23.19%29.26%49.41%33.91%
Dividend Yield--6.67%6.90%3.43%1.49%4.82%6.56%4.46%3.96%2.88%1.94%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)11.01
(-) Cash Dividends Paid (M)7.22
(=) Cash Retained (M)3.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.201.380.83
Cash Retained (M)3.793.793.79
(-) Cash Required (M)-2.20-1.38-0.83
(=) Excess Retained (M)1.592.412.96
(/) Shares Outstanding (M)19.1219.1219.12
(=) Excess Retained per Share0.080.130.15
LTM Dividend per Share0.380.380.38
(+) Excess Retained per Share0.080.130.15
(=) Adjusted Dividend0.460.500.53
WACC / Discount Rate9.19%9.19%9.19%
Growth Rate-1.51%-0.51%0.49%
Fair Value$4.24$5.17$6.15
Upside / Downside60.65%95.80%133.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)11.0110.9610.9010.8510.7910.7411.06
Payout Ratio65.59%70.47%75.35%80.24%85.12%90.00%92.50%
Projected Dividends (M)7.227.728.228.709.199.6610.23

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.19%9.19%9.19%
Growth Rate-1.51%-0.51%0.49%
Year 1 PV (M)7.007.077.14
Year 2 PV (M)6.756.897.03
Year 3 PV (M)6.496.696.89
Year 4 PV (M)6.216.466.73
Year 5 PV (M)5.926.236.54
PV of Terminal Value (M)101.16106.40111.86
Equity Value (M)133.52139.74146.19
Shares Outstanding (M)19.1219.1219.12
Fair Value$6.98$7.31$7.64
Upside / Downside164.48%176.78%189.56%

High-Yield Dividend Screener

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