Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Interface, Inc. (TILE)

Company Dividend Discount ModelIndustry: Furnishings, Fixtures & AppliancesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$12.23 - $17.25$14.72
Multi-Stage$18.30 - $20.14$19.20
Blended Fair Value$16.96
Current Price$28.73
Upside-40.97%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-31.37%-12.89%0.040.040.040.040.090.260.260.260.240.20
YoY Growth--0.65%-1.36%-0.30%-57.56%-63.76%-0.73%-0.10%8.41%20.19%27.84%
Dividend Yield--0.20%0.24%0.49%0.30%0.73%1.56%1.68%1.06%1.29%1.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)113.48
(-) Cash Dividends Paid (M)2.98
(=) Cash Retained (M)110.50
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)22.7014.188.51
Cash Retained (M)110.50110.50110.50
(-) Cash Required (M)-22.70-14.18-8.51
(=) Excess Retained (M)87.8096.31101.98
(/) Shares Outstanding (M)59.1859.1859.18
(=) Excess Retained per Share1.481.631.72
LTM Dividend per Share0.050.050.05
(+) Excess Retained per Share1.481.631.72
(=) Adjusted Dividend1.531.681.77
WACC / Discount Rate9.83%9.83%9.83%
Growth Rate-2.41%-1.41%-0.41%
Fair Value$12.23$14.72$17.25
Upside / Downside-57.42%-48.76%-39.94%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)113.48111.87110.30108.74107.20105.69108.86
Payout Ratio2.63%20.10%37.58%55.05%72.53%90.00%92.50%
Projected Dividends (M)2.9822.4941.4459.8677.7595.12100.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.83%9.83%9.83%
Growth Rate-2.41%-1.41%-0.41%
Year 1 PV (M)20.2720.4820.68
Year 2 PV (M)33.6734.3635.06
Year 3 PV (M)43.8345.1946.58
Year 4 PV (M)51.3153.4455.64
Year 5 PV (M)56.5859.5362.62
PV of Terminal Value (M)877.44923.33971.11
Equity Value (M)1,083.091,136.331,191.70
Shares Outstanding (M)59.1859.1859.18
Fair Value$18.30$19.20$20.14
Upside / Downside-36.30%-33.17%-29.91%

High-Yield Dividend Screener

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