Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Acme United Corporation (ACU)

Company Dividend Discount ModelIndustry: Household & Personal ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$63.92 - $333.21$115.14
Multi-Stage$45.06 - $49.33$47.15
Blended Fair Value$81.15
Current Price$41.18
Upside97.06%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.67%7.64%0.540.480.460.440.390.390.360.340.320.29
YoY Growth--11.48%4.71%6.19%11.69%-0.26%8.36%5.42%5.68%11.17%12.67%
Dividend Yield--1.36%1.03%2.01%1.29%0.99%1.93%2.20%1.64%1.16%1.78%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8.12
(-) Cash Dividends Paid (M)2.30
(=) Cash Retained (M)5.82
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.621.010.61
Cash Retained (M)5.825.825.82
(-) Cash Required (M)-1.62-1.01-0.61
(=) Excess Retained (M)4.204.805.21
(/) Shares Outstanding (M)4.114.114.11
(=) Excess Retained per Share1.021.171.27
LTM Dividend per Share0.560.560.56
(+) Excess Retained per Share1.021.171.27
(=) Adjusted Dividend1.581.731.82
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate4.67%5.67%6.67%
Fair Value$63.92$115.14$333.21
Upside / Downside55.23%179.60%709.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8.128.589.069.5810.1210.6911.01
Payout Ratio28.31%40.65%52.99%65.32%77.66%90.00%92.50%
Projected Dividends (M)2.303.494.806.267.869.6210.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate4.67%5.67%6.67%
Year 1 PV (M)3.223.253.28
Year 2 PV (M)4.104.174.25
Year 3 PV (M)4.935.075.22
Year 4 PV (M)5.725.946.17
Year 5 PV (M)6.476.787.11
PV of Terminal Value (M)160.96168.80176.94
Equity Value (M)185.39194.02202.97
Shares Outstanding (M)4.114.114.11
Fair Value$45.06$47.15$49.33
Upside / Downside9.42%14.51%19.79%

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