Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nice Information & Telecommunication, Inc. (036800.KQ)

Company Dividend Discount ModelIndustry: Software - InfrastructureSector: Technology

Valuation Snapshot

Stable Growth$101,322.26 - $223,053.53$145,743.60
Multi-Stage$72,795.29 - $79,531.70$76,102.46
Blended Fair Value$110,923.03
Current Price$23,000.00
Upside382.27%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.65%11.46%749.36690.73633.18493.67493.67451.72380.72385.34330.29264.23
YoY Growth--8.49%9.09%28.26%0.00%9.29%18.65%-1.20%16.67%25.00%4.35%
Dividend Yield--4.27%3.27%2.54%1.69%1.59%1.92%1.79%1.66%1.32%0.81%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)45,119.29
(-) Cash Dividends Paid (M)7,076.12
(=) Cash Retained (M)38,043.17
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9,023.865,639.913,383.95
Cash Retained (M)38,043.1738,043.1738,043.17
(-) Cash Required (M)-9,023.86-5,639.91-3,383.95
(=) Excess Retained (M)29,019.3132,403.2634,659.23
(/) Shares Outstanding (M)8.738.738.73
(=) Excess Retained per Share3,322.283,709.703,967.97
LTM Dividend per Share810.11810.11810.11
(+) Excess Retained per Share3,322.283,709.703,967.97
(=) Adjusted Dividend4,132.394,519.814,778.08
WACC / Discount Rate9.80%9.80%9.80%
Growth Rate5.50%6.50%7.50%
Fair Value$101,322.26$145,743.60$223,053.53
Upside / Downside340.53%533.67%869.80%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)45,119.2948,052.0451,175.4354,501.8358,044.4561,817.3463,671.86
Payout Ratio15.68%30.55%45.41%60.27%75.14%90.00%92.50%
Projected Dividends (M)7,076.1214,678.2223,238.7032,850.0343,612.6455,635.6058,896.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.80%9.80%9.80%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)13,242.2913,367.8013,493.32
Year 2 PV (M)18,914.3319,274.5919,638.25
Year 3 PV (M)24,121.5024,813.9425,519.51
Year 4 PV (M)28,891.5230,002.6131,145.44
Year 5 PV (M)33,250.6734,856.6936,524.17
PV of Terminal Value (M)517,428.35542,420.34568,368.82
Equity Value (M)635,848.65664,735.96694,689.51
Shares Outstanding (M)8.738.738.73
Fair Value$72,795.29$76,102.46$79,531.70
Upside / Downside216.50%230.88%245.79%

High-Yield Dividend Screener

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