Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Qualitau Ltd (QLTU.TA)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$108.69 - $230.73$154.35
Multi-Stage$80.56 - $87.92$84.17
Blended Fair Value$119.26
Current Price$135.49
Upside-11.98%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%28.48%1.340.900.860.660.000.000.000.000.000.00
YoY Growth--47.72%5.04%31.05%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%
Dividend Yield--2.18%3.60%6.93%4.12%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)26.71
(-) Cash Dividends Paid (M)7.84
(=) Cash Retained (M)18.87
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.343.342.00
Cash Retained (M)18.8718.8718.87
(-) Cash Required (M)-5.34-3.34-2.00
(=) Excess Retained (M)13.5215.5316.86
(/) Shares Outstanding (M)4.614.614.61
(=) Excess Retained per Share2.933.373.65
LTM Dividend per Share1.701.701.70
(+) Excess Retained per Share2.933.373.65
(=) Adjusted Dividend4.635.065.35
WACC / Discount Rate9.99%9.99%9.99%
Growth Rate5.50%6.50%7.50%
Fair Value$108.69$154.35$230.73
Upside / Downside-19.78%13.92%70.29%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26.7128.4430.2932.2634.3636.5937.69
Payout Ratio29.36%41.49%53.62%65.74%77.87%90.00%92.50%
Projected Dividends (M)7.8411.8016.2421.2126.7532.9334.86

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.99%9.99%9.99%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)10.6310.7310.83
Year 2 PV (M)13.1713.4213.68
Year 3 PV (M)15.4915.9416.39
Year 4 PV (M)17.6018.2818.97
Year 5 PV (M)19.5120.4521.43
PV of Terminal Value (M)295.27309.53324.34
Equity Value (M)371.67388.35405.64
Shares Outstanding (M)4.614.614.61
Fair Value$80.56$84.17$87.92
Upside / Downside-40.54%-37.87%-35.11%

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