Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Avensia AB (publ) (AVEN.ST)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$15.26 - $42.60$23.70
Multi-Stage$15.96 - $17.47$16.70
Blended Fair Value$20.20
Current Price$10.20
Upside98.04%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.000.650.300.280.220.170.140.101.01
YoY Growth--0.00%-100.00%118.27%7.14%24.58%29.45%19.99%50.03%-90.53%1,471.44%
Dividend Yield--0.00%0.00%6.84%1.69%1.99%2.10%1.01%1.69%1.02%17.73%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)23.72
(-) Cash Dividends Paid (M)18.56
(=) Cash Retained (M)5.16
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.742.961.78
Cash Retained (M)5.165.165.16
(-) Cash Required (M)-4.74-2.96-1.78
(=) Excess Retained (M)0.412.193.38
(/) Shares Outstanding (M)37.1237.1237.12
(=) Excess Retained per Share0.010.060.09
LTM Dividend per Share0.500.500.50
(+) Excess Retained per Share0.010.060.09
(=) Adjusted Dividend0.510.560.59
WACC / Discount Rate6.83%6.83%6.83%
Growth Rate3.36%4.36%5.36%
Fair Value$15.26$23.70$42.60
Upside / Downside49.62%132.36%317.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)23.7224.7525.8326.9628.1429.3630.24
Payout Ratio78.26%80.61%82.96%85.31%87.65%90.00%92.50%
Projected Dividends (M)18.5619.9521.4323.0024.6626.4327.98

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.83%6.83%6.83%
Growth Rate3.36%4.36%5.36%
Year 1 PV (M)18.5018.6818.86
Year 2 PV (M)18.4218.7819.14
Year 3 PV (M)18.3318.8719.41
Year 4 PV (M)18.2218.9419.67
Year 5 PV (M)18.1019.0019.92
PV of Terminal Value (M)500.99525.70551.37
Equity Value (M)592.56619.95648.38
Shares Outstanding (M)37.1237.1237.12
Fair Value$15.96$16.70$17.47
Upside / Downside56.49%63.72%71.23%

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