Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Yduqs Participações S.A. (YDUQ3.SA)

Company Dividend Discount ModelIndustry: Education & Training ServicesSector: Consumer Defensive

Valuation Snapshot

Stable Growth$145.68 - $171.64$160.85
Multi-Stage$57.76 - $63.32$60.49
Blended Fair Value$110.67
Current Price$12.92
Upside756.58%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-12.06%3.33%0.280.290.130.500.540.541.770.311.890.36
YoY Growth---0.24%115.02%-73.50%-7.61%0.17%-69.42%472.82%-83.66%428.92%74.31%
Dividend Yield--2.46%1.59%1.88%2.39%2.03%2.44%6.62%0.89%11.90%3.01%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)244.50
(-) Cash Dividends Paid (M)149.96
(=) Cash Retained (M)94.54
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)48.9030.5618.34
Cash Retained (M)94.5494.5494.54
(-) Cash Required (M)-48.90-30.56-18.34
(=) Excess Retained (M)45.6463.9876.21
(/) Shares Outstanding (M)283.30283.30283.30
(=) Excess Retained per Share0.160.230.27
LTM Dividend per Share0.530.530.53
(+) Excess Retained per Share0.160.230.27
(=) Adjusted Dividend0.690.760.80
WACC / Discount Rate4.58%4.58%4.58%
Growth Rate5.50%6.50%7.50%
Fair Value$145.68$160.85$171.64
Upside / Downside1,027.57%1,144.97%1,228.47%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)244.50260.40277.32295.35314.54334.99345.04
Payout Ratio61.33%67.07%72.80%78.53%84.27%90.00%92.50%
Projected Dividends (M)149.96174.64201.89231.94265.06301.49319.16

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.58%4.58%4.58%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)165.42166.98168.55
Year 2 PV (M)181.13184.58188.07
Year 3 PV (M)197.11202.77208.54
Year 4 PV (M)213.36221.56230.00
Year 5 PV (M)229.88240.98252.51
PV of Terminal Value (M)15,377.4516,120.1816,891.35
Equity Value (M)16,364.3517,137.0717,939.01
Shares Outstanding (M)283.30283.30283.30
Fair Value$57.76$60.49$63.32
Upside / Downside347.08%368.19%390.10%

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