Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

IT Link S.A. (ALITL.PA)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$94.40 - $245.87$143.53
Multi-Stage$64.84 - $70.84$67.79
Blended Fair Value$105.66
Current Price$27.40
Upside285.62%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.340.290.240.190.000.000.000.000.000.00
YoY Growth--17.43%19.10%29.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.35%0.99%1.02%0.69%0.00%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)7.08
(-) Cash Dividends Paid (M)1.60
(=) Cash Retained (M)5.47
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.420.880.53
Cash Retained (M)5.475.475.47
(-) Cash Required (M)-1.42-0.88-0.53
(=) Excess Retained (M)4.064.594.94
(/) Shares Outstanding (M)1.731.731.73
(=) Excess Retained per Share2.342.652.85
LTM Dividend per Share0.930.930.93
(+) Excess Retained per Share2.342.652.85
(=) Adjusted Dividend3.273.573.78
WACC / Discount Rate9.15%9.15%9.15%
Growth Rate5.50%6.50%7.50%
Fair Value$94.40$143.53$245.87
Upside / Downside244.53%423.84%797.32%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7.087.548.038.559.109.699.99
Payout Ratio22.65%36.12%49.59%63.06%76.53%90.00%92.50%
Projected Dividends (M)1.602.723.985.396.978.739.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.15%9.15%9.15%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2.472.492.52
Year 2 PV (M)3.283.343.40
Year 3 PV (M)4.034.144.26
Year 4 PV (M)4.734.915.09
Year 5 PV (M)5.375.635.90
PV of Terminal Value (M)92.4496.90101.54
Equity Value (M)112.31117.42122.72
Shares Outstanding (M)1.731.731.73
Fair Value$64.84$67.79$70.84
Upside / Downside136.63%147.39%158.55%

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