Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Bemobi Mobile Tech S.A. (BMOB3.SA)

Company Dividend Discount ModelIndustry: EntertainmentSector: Communication Services

Valuation Snapshot

Stable Growth$15.26 - $23.22$18.99
Multi-Stage$33.51 - $36.78$35.11
Blended Fair Value$27.05
Current Price$23.14
Upside16.91%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS0.00%0.00%0.480.240.212.200.000.000.000.660.440.00
YoY Growth--98.92%13.56%-90.42%0.00%0.00%0.00%-100.00%51.69%0.00%0.00%
Dividend Yield--2.78%1.81%1.65%14.69%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)146.84
(-) Cash Dividends Paid (M)135.83
(=) Cash Retained (M)11.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)29.3718.3611.01
Cash Retained (M)11.0111.0111.01
(-) Cash Required (M)-29.37-18.36-11.01
(=) Excess Retained (M)-18.35-7.340.00
(/) Shares Outstanding (M)84.7484.7484.74
(=) Excess Retained per Share-0.22-0.090.00
LTM Dividend per Share1.601.601.60
(+) Excess Retained per Share-0.22-0.090.00
(=) Adjusted Dividend1.391.521.60
WACC / Discount Rate6.90%6.90%6.90%
Growth Rate-2.00%-1.00%0.00%
Fair Value$15.26$18.99$23.22
Upside / Downside-34.06%-17.92%0.34%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)146.84145.37143.92142.48141.05139.64143.83
Payout Ratio92.50%92.00%91.50%91.00%90.50%90.00%92.50%
Projected Dividends (M)135.83133.74131.68129.66127.65125.68133.05

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.90%6.90%6.90%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)123.84125.10126.37
Year 2 PV (M)112.91115.23117.57
Year 3 PV (M)102.94106.12109.37
Year 4 PV (M)93.8597.74101.75
Year 5 PV (M)85.5690.0194.65
PV of Terminal Value (M)2,320.432,441.262,567.07
Equity Value (M)2,839.532,975.473,116.78
Shares Outstanding (M)84.7484.7484.74
Fair Value$33.51$35.11$36.78
Upside / Downside44.81%51.74%58.94%

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