Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Century Textiles and Industries Limited (CENTURYTEX.BO)

Company Dividend Discount ModelIndustry: Paper, Lumber & Forest ProductsSector: Basic Materials

Valuation Snapshot

Stable Growth$61.32 - $89.09$74.78
Multi-Stage$340.79 - $377.57$358.80
Blended Fair Value$216.79
Current Price$2,850.05
Upside-92.39%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-5.26%0.92%4.974.011.033.027.526.525.515.515.014.59
YoY Growth--24.02%289.20%-65.91%-59.79%15.39%18.18%0.00%10.03%9.17%1.19%
Dividend Yield--0.22%0.47%0.13%0.49%2.55%1.57%1.42%1.15%1.74%1.49%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)972.10
(-) Cash Dividends Paid (M)556.10
(=) Cash Retained (M)416.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)194.42121.5172.91
Cash Retained (M)416.00416.00416.00
(-) Cash Required (M)-194.42-121.51-72.91
(=) Excess Retained (M)221.58294.49343.09
(/) Shares Outstanding (M)111.43111.43111.43
(=) Excess Retained per Share1.992.643.08
LTM Dividend per Share4.994.994.99
(+) Excess Retained per Share1.992.643.08
(=) Adjusted Dividend6.987.638.07
WACC / Discount Rate4.53%4.53%4.53%
Growth Rate-6.15%-5.15%-4.15%
Fair Value$61.32$74.78$89.09
Upside / Downside-97.85%-97.38%-96.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)972.10922.02874.53829.48786.75746.22768.61
Payout Ratio57.21%63.76%70.32%76.88%83.44%90.00%92.50%
Projected Dividends (M)556.10587.93615.00637.72656.48671.60710.97

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.53%4.53%4.53%
Growth Rate-6.15%-5.15%-4.15%
Year 1 PV (M)556.51562.44568.37
Year 2 PV (M)551.03562.84574.77
Year 3 PV (M)540.86558.34576.18
Year 4 PV (M)527.02549.84573.40
Year 5 PV (M)510.35538.13567.10
PV of Terminal Value (M)35,287.6337,208.1539,211.39
Equity Value (M)37,973.4139,979.7442,071.22
Shares Outstanding (M)111.43111.43111.43
Fair Value$340.79$358.80$377.57
Upside / Downside-88.04%-87.41%-86.75%

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