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QANTM Intellectual Property Limited (QIP.AX)

Company Dividend Discount ModelIndustry: Consulting ServicesSector: Industrials

Valuation Snapshot

Stable Growth$1.24 - $1.90$1.55
Multi-Stage$2.80 - $3.08$2.94
Blended Fair Value$2.24
Current Price$0.95
Upside136.00%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS-4.19%0.00%0.060.060.080.080.070.080.040.190.000.00
YoY Growth---0.55%-16.99%-2.30%3.84%-3.59%84.84%-78.06%0.00%0.00%0.00%
Dividend Yield--7.45%6.59%6.53%6.57%5.19%7.38%3.30%7.64%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)19.11
(-) Cash Dividends Paid (M)17.66
(=) Cash Retained (M)1.45
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.822.391.43
Cash Retained (M)1.451.451.45
(-) Cash Required (M)-3.82-2.39-1.43
(=) Excess Retained (M)-2.37-0.940.01
(/) Shares Outstanding (M)138.92138.92138.92
(=) Excess Retained per Share-0.02-0.010.00
LTM Dividend per Share0.130.130.13
(+) Excess Retained per Share-0.02-0.010.00
(=) Adjusted Dividend0.110.120.13
WACC / Discount Rate6.70%6.70%6.70%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1.24$1.55$1.90
Upside / Downside30.44%62.84%99.83%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)19.1118.9218.7318.5418.3618.1718.72
Payout Ratio92.42%91.94%91.45%90.97%90.48%90.00%92.50%
Projected Dividends (M)17.6617.3917.1316.8716.6116.3517.31

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.70%6.70%6.70%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)16.1316.3016.46
Year 2 PV (M)14.7415.0415.35
Year 3 PV (M)13.4713.8814.31
Year 4 PV (M)12.3012.8113.34
Year 5 PV (M)11.2411.8212.43
PV of Terminal Value (M)321.42338.16355.58
Equity Value (M)389.30408.02427.48
Shares Outstanding (M)138.92138.92138.92
Fair Value$2.80$2.94$3.08
Upside / Downside194.98%209.16%223.90%

High-Yield Dividend Screener

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