Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

ATOSS Software AG (0N66.L)

Company Dividend Discount ModelIndustry: Software - ServicesSector: Technology

Valuation Snapshot

Stable Growth$99.08 - $231.18$145.38
Multi-Stage$75.51 - $82.20$78.80
Blended Fair Value$112.09
Current Price$141.00
Upside-20.50%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS36.93%25.06%1.691.420.910.840.640.350.290.290.240.22
YoY Growth--19.08%55.49%8.98%30.98%82.14%19.66%0.86%22.11%7.95%22.22%
Dividend Yield--1.48%1.38%1.31%0.77%0.81%0.98%1.52%1.57%1.81%1.28%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)75.44
(-) Cash Dividends Paid (M)60.68
(=) Cash Retained (M)14.76
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)15.099.435.66
Cash Retained (M)14.7614.7614.76
(-) Cash Required (M)-15.09-9.43-5.66
(=) Excess Retained (M)-0.335.339.10
(/) Shares Outstanding (M)15.9115.9115.91
(=) Excess Retained per Share-0.020.330.57
LTM Dividend per Share3.823.823.82
(+) Excess Retained per Share-0.020.330.57
(=) Adjusted Dividend3.794.154.39
WACC / Discount Rate9.54%9.54%9.54%
Growth Rate5.50%6.50%7.50%
Fair Value$99.08$145.38$231.18
Upside / Downside-29.73%3.11%63.96%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)75.4480.3485.5791.1397.05103.36106.46
Payout Ratio80.44%82.35%84.26%86.18%88.09%90.00%92.50%
Projected Dividends (M)60.6866.1672.1078.5385.4993.0298.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.54%9.54%9.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)59.8360.4060.97
Year 2 PV (M)58.9760.0961.22
Year 3 PV (M)58.0859.7561.45
Year 4 PV (M)57.1859.3861.64
Year 5 PV (M)56.2758.9861.80
PV of Terminal Value (M)910.74954.731,000.41
Equity Value (M)1,201.071,253.331,307.48
Shares Outstanding (M)15.9115.9115.91
Fair Value$75.51$78.80$82.20
Upside / Downside-46.45%-44.12%-41.70%

High-Yield Dividend Screener

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