Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Aussie Broadband Limited (ABB.AX)

Company Dividend Discount ModelIndustry: Telecommunications ServicesSector: Communication Services

Valuation Snapshot

Stable Growth$2.03 - $3.18$2.56
Multi-Stage$4.88 - $5.38$5.13
Blended Fair Value$3.84
Current Price$3.91
Upside-1.67%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202520242023202220212020201920182017
DPS0.00%0.00%0.080.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%-100.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.15%0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)59.21
(-) Cash Dividends Paid (M)23.59
(=) Cash Retained (M)35.63
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11.847.404.44
Cash Retained (M)35.6335.6335.63
(-) Cash Required (M)-11.84-7.40-4.44
(=) Excess Retained (M)23.7928.2331.19
(/) Shares Outstanding (M)281.13281.13281.13
(=) Excess Retained per Share0.080.100.11
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.080.100.11
(=) Adjusted Dividend0.170.180.19
WACC / Discount Rate6.12%6.12%6.12%
Growth Rate-2.00%-1.00%0.00%
Fair Value$2.03$2.56$3.18
Upside / Downside-48.01%-34.49%-18.63%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)59.2158.6258.0457.4656.8856.3158.00
Payout Ratio39.83%49.86%59.90%69.93%79.97%90.00%92.50%
Projected Dividends (M)23.5929.2334.7640.1845.4950.6853.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.12%6.12%6.12%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)27.2727.5427.82
Year 2 PV (M)30.2530.8731.49
Year 3 PV (M)32.6133.6234.65
Year 4 PV (M)34.4335.8637.33
Year 5 PV (M)35.7937.6539.59
PV of Terminal Value (M)1,212.981,276.141,341.90
Equity Value (M)1,373.321,441.681,512.79
Shares Outstanding (M)281.13281.13281.13
Fair Value$4.88$5.13$5.38
Upside / Downside24.93%31.15%37.62%

High-Yield Dividend Screener

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