Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Cyber_Folks S.A. (CBF.WA)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$37.60 - $57.36$46.86
Multi-Stage$80.27 - $88.31$84.21
Blended Fair Value$65.53
Current Price$190.20
Upside-65.55%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS0.00%0.00%1.500.930.710.570.580.000.000.000.000.00
YoY Growth--61.39%30.80%25.27%-1.72%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.99%0.83%1.33%1.18%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)59.86
(-) Cash Dividends Paid (M)28.31
(=) Cash Retained (M)31.56
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11.977.484.49
Cash Retained (M)31.5631.5631.56
(-) Cash Required (M)-11.97-7.48-4.49
(=) Excess Retained (M)19.5824.0727.07
(/) Shares Outstanding (M)14.1414.1414.14
(=) Excess Retained per Share1.381.701.91
LTM Dividend per Share2.002.002.00
(+) Excess Retained per Share1.381.701.91
(=) Adjusted Dividend3.393.703.92
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate-2.00%-1.00%0.00%
Fair Value$37.60$46.86$57.36
Upside / Downside-80.23%-75.36%-69.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)59.8659.2658.6758.0957.5056.9358.64
Payout Ratio47.29%55.83%64.37%72.92%81.46%90.00%92.50%
Projected Dividends (M)28.3133.0937.7742.3546.8451.2454.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)30.6630.9731.29
Year 2 PV (M)32.4333.1033.77
Year 3 PV (M)33.7034.7435.81
Year 4 PV (M)34.5435.9737.45
Year 5 PV (M)35.0136.8338.73
PV of Terminal Value (M)968.941,019.391,071.93
Equity Value (M)1,135.281,191.011,248.96
Shares Outstanding (M)14.1414.1414.14
Fair Value$80.27$84.21$88.31
Upside / Downside-57.80%-55.73%-53.57%

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