Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

LTIMindtree Limited (LTIM.BO)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$10,456.77 - $32,643.35$30,591.60
Multi-Stage$4,391.39 - $4,804.54$4,594.18
Blended Fair Value$17,592.89
Current Price$5,157.50
Upside241.11%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS27.65%14.88%64.8859.8552.6844.7617.9319.1415.1710.235.4318.43
YoY Growth--8.41%13.60%17.70%149.61%-6.34%26.23%48.29%88.45%-70.55%13.77%
Dividend Yield--1.22%1.10%1.01%1.13%0.44%0.98%0.82%0.61%0.69%2.64%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)48,691.00
(-) Cash Dividends Paid (M)19,256.00
(=) Cash Retained (M)29,435.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9,738.206,086.383,651.83
Cash Retained (M)29,435.0029,435.0029,435.00
(-) Cash Required (M)-9,738.20-6,086.38-3,651.83
(=) Excess Retained (M)19,696.8023,348.6325,783.18
(/) Shares Outstanding (M)296.64296.64296.64
(=) Excess Retained per Share66.4078.7186.92
LTM Dividend per Share64.9164.9164.91
(+) Excess Retained per Share66.4078.7186.92
(=) Adjusted Dividend131.31143.62151.83
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Fair Value$10,456.77$30,591.60$32,643.35
Upside / Downside102.75%493.15%532.93%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)48,691.0051,855.9255,226.5558,816.2862,639.3366,710.8968,712.22
Payout Ratio39.55%49.64%59.73%69.82%79.91%90.00%92.50%
Projected Dividends (M)19,256.0025,740.1832,985.9441,064.9050,054.7660,039.8063,558.80

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)23,869.4424,095.6924,321.94
Year 2 PV (M)28,365.4828,905.7629,451.14
Year 3 PV (M)32,746.3433,686.3734,644.22
Year 4 PV (M)37,014.1738,437.6339,901.76
Year 5 PV (M)41,171.1043,159.6845,224.37
PV of Terminal Value (M)1,139,507.281,194,545.901,251,690.99
Equity Value (M)1,302,673.801,362,831.031,425,234.41
Shares Outstanding (M)296.64296.64296.64
Fair Value$4,391.39$4,594.18$4,804.54
Upside / Downside-14.85%-10.92%-6.84%

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