Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Shelter Pharma Ltd. (SHELTER.BO)

Company Dividend Discount ModelIndustry: Medical - PharmaceuticalsSector: Healthcare

Valuation Snapshot

Stable Growth$57.04 - $87.68$71.31
Multi-Stage$121.66 - $134.16$127.79
Blended Fair Value$99.55
Current Price$36.10
Upside175.76%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202520242023202220212020201920182017
DPS0.00%0.00%0.330.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.91%0.00%0.00%0.00%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)72.37
(-) Cash Dividends Paid (M)3.82
(=) Cash Retained (M)68.56
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.479.055.43
Cash Retained (M)68.5668.5668.56
(-) Cash Required (M)-14.47-9.05-5.43
(=) Excess Retained (M)54.0859.5163.13
(/) Shares Outstanding (M)11.5611.5611.56
(=) Excess Retained per Share4.685.155.46
LTM Dividend per Share0.330.330.33
(+) Excess Retained per Share4.685.155.46
(=) Adjusted Dividend5.015.485.79
WACC / Discount Rate6.61%6.61%6.61%
Growth Rate-2.00%-1.00%0.00%
Fair Value$57.04$71.31$87.68
Upside / Downside58.01%97.54%142.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)72.3771.6570.9370.2269.5268.8370.89
Payout Ratio5.27%22.22%39.16%56.11%73.05%90.00%92.50%
Projected Dividends (M)3.8215.9227.7839.4050.7961.9465.57

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.61%6.61%6.61%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)14.7814.9315.08
Year 2 PV (M)23.9524.4424.94
Year 3 PV (M)31.5532.5233.52
Year 4 PV (M)37.7639.3240.94
Year 5 PV (M)42.7644.9947.31
PV of Terminal Value (M)1,255.581,320.961,389.04
Equity Value (M)1,406.381,477.171,550.83
Shares Outstanding (M)11.5611.5611.56
Fair Value$121.66$127.79$134.16
Upside / Downside237.01%253.98%271.63%

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