Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Orbis AG (OBS.DE)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$39.35 - $134.09$125.67
Multi-Stage$17.33 - $18.96$18.13
Blended Fair Value$71.90
Current Price$7.00
Upside927.13%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-7.73%4.93%0.100.150.200.200.000.150.120.110.090.07
YoY Growth---33.31%-25.03%0.00%0.00%-100.00%19.80%16.68%19.46%24.52%16.41%
Dividend Yield--1.74%2.63%2.90%2.61%0.00%2.14%2.57%2.15%2.23%2.18%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)6.39
(-) Cash Dividends Paid (M)1.89
(=) Cash Retained (M)4.49
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.280.800.48
Cash Retained (M)4.494.494.49
(-) Cash Required (M)-1.28-0.80-0.48
(=) Excess Retained (M)3.213.694.01
(/) Shares Outstanding (M)9.479.479.47
(=) Excess Retained per Share0.340.390.42
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.340.390.42
(=) Adjusted Dividend0.540.590.62
WACC / Discount Rate6.95%6.95%6.95%
Growth Rate5.50%6.50%7.50%
Fair Value$39.35$125.67$134.09
Upside / Downside462.16%1,695.23%1,815.64%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)6.396.807.247.718.218.759.01
Payout Ratio29.66%41.73%53.80%65.87%77.93%90.00%92.50%
Projected Dividends (M)1.892.843.905.086.407.878.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.95%6.95%6.95%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2.632.652.68
Year 2 PV (M)3.343.413.47
Year 3 PV (M)4.044.154.27
Year 4 PV (M)4.714.895.08
Year 5 PV (M)5.375.635.90
PV of Terminal Value (M)144.01150.97158.19
Equity Value (M)164.10171.70179.59
Shares Outstanding (M)9.479.479.47
Fair Value$17.33$18.13$18.96
Upside / Downside147.56%159.03%170.92%

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