Definitive Analysis
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Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Gibus S.p.A. (GBUS.MI)

Company Dividend Discount ModelIndustry: Manufacturing - MiscellaneousSector: Industrials

Valuation Snapshot

Stable Growth$19.08 - $29.91$24.06
Multi-Stage$46.63 - $51.35$48.94
Blended Fair Value$36.50
Current Price$8.96
Upside307.37%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017
DPS0.00%0.00%0.501.000.540.270.360.000.000.000.000.00
YoY Growth---50.13%85.04%100.13%-24.93%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.74%6.44%3.33%4.68%5.92%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)9.80
(-) Cash Dividends Paid (M)4.98
(=) Cash Retained (M)4.82
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.961.220.73
Cash Retained (M)4.824.824.82
(-) Cash Required (M)-1.96-1.22-0.73
(=) Excess Retained (M)2.863.604.09
(/) Shares Outstanding (M)4.984.984.98
(=) Excess Retained per Share0.570.720.82
LTM Dividend per Share1.001.001.00
(+) Excess Retained per Share0.570.720.82
(=) Adjusted Dividend1.571.721.82
WACC / Discount Rate6.08%6.08%6.08%
Growth Rate-2.00%-1.00%0.00%
Fair Value$19.08$24.06$29.91
Upside / Downside112.93%168.50%233.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9.809.709.609.519.419.329.60
Payout Ratio50.80%58.64%66.48%74.32%82.16%90.00%92.50%
Projected Dividends (M)4.985.696.387.077.738.398.88

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.08%6.08%6.08%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)5.315.365.42
Year 2 PV (M)5.565.675.79
Year 3 PV (M)5.745.926.10
Year 4 PV (M)5.866.116.36
Year 5 PV (M)5.936.246.56
PV of Terminal Value (M)203.96214.58225.64
Equity Value (M)232.37243.89255.87
Shares Outstanding (M)4.984.984.98
Fair Value$46.63$48.94$51.35
Upside / Downside420.44%446.24%473.07%

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