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Detection Technology Oyj (DETEC.HE)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$11.24 - $17.24$14.04
Multi-Stage$25.74 - $28.25$26.97
Blended Fair Value$20.50
Current Price$11.15
Upside83.88%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-9.20%0.00%0.230.200.350.270.370.370.330.230.060.00
YoY Growth--15.00%-42.86%27.44%-26.32%0.00%12.28%44.95%270.24%0.00%0.00%
Dividend Yield--1.50%1.39%2.07%0.94%1.56%1.46%1.95%1.27%0.44%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)18.18
(-) Cash Dividends Paid (M)18.03
(=) Cash Retained (M)0.15
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.642.271.36
Cash Retained (M)0.150.150.15
(-) Cash Required (M)-3.64-2.27-1.36
(=) Excess Retained (M)-3.49-2.12-1.21
(/) Shares Outstanding (M)14.6614.6614.66
(=) Excess Retained per Share-0.24-0.14-0.08
LTM Dividend per Share1.231.231.23
(+) Excess Retained per Share-0.24-0.14-0.08
(=) Adjusted Dividend0.991.091.15
WACC / Discount Rate6.65%6.65%6.65%
Growth Rate-2.00%-1.00%0.00%
Fair Value$11.24$14.04$17.24
Upside / Downside0.76%25.88%54.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)18.1818.0017.8217.6417.4617.2917.80
Payout Ratio99.18%97.34%95.51%93.67%91.84%90.00%92.50%
Projected Dividends (M)18.0317.5217.0116.5216.0415.5616.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.65%6.65%6.65%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)16.2616.4216.59
Year 2 PV (M)14.6614.9615.26
Year 3 PV (M)13.2113.6214.03
Year 4 PV (M)11.9012.3912.90
Year 5 PV (M)10.7211.2711.85
PV of Terminal Value (M)310.47326.64343.47
Equity Value (M)377.21395.31414.12
Shares Outstanding (M)14.6614.6614.66
Fair Value$25.74$26.97$28.25
Upside / Downside130.81%141.88%153.39%

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