Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Celtic plc (CCPC.L)

Company Dividend Discount ModelIndustry: EntertainmentSector: Communication Services

Valuation Snapshot

Stable Growth$7.42 - $16.19$10.64
Multi-Stage$5.25 - $5.75$5.50
Blended Fair Value$8.07
Current Price$1.95
Upside313.86%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.53%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%8.73%-4.78%
Dividend Yield--0.19%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.37%0.46%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)51.97
(-) Cash Dividends Paid (M)1.00
(=) Cash Retained (M)50.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)10.396.503.90
Cash Retained (M)50.9750.9750.97
(-) Cash Required (M)-10.39-6.50-3.90
(=) Excess Retained (M)40.5744.4747.07
(/) Shares Outstanding (M)135.79135.79135.79
(=) Excess Retained per Share0.300.330.35
LTM Dividend per Share0.010.010.01
(+) Excess Retained per Share0.300.330.35
(=) Adjusted Dividend0.310.330.35
WACC / Discount Rate9.85%9.85%9.85%
Growth Rate5.50%6.50%7.50%
Fair Value$7.42$10.64$16.19
Upside / Downside280.75%445.88%730.35%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)51.9755.3458.9462.7766.8571.2073.33
Payout Ratio1.93%19.54%37.16%54.77%72.39%90.00%92.50%
Projected Dividends (M)1.0010.8121.9034.3848.3964.0867.83

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.85%9.85%9.85%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)9.759.849.94
Year 2 PV (M)17.8118.1518.49
Year 3 PV (M)25.2125.9426.67
Year 4 PV (M)32.0033.2334.50
Year 5 PV (M)38.2140.0641.98
PV of Terminal Value (M)590.55619.07648.69
Equity Value (M)713.54746.30780.27
Shares Outstanding (M)135.79135.79135.79
Fair Value$5.25$5.50$5.75
Upside / Downside169.47%181.84%194.67%

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