Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Alten S.A. (0O1S.L)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$473.85 - $2,231.55$1,047.10
Multi-Stage$253.26 - $276.89$264.86
Blended Fair Value$655.98
Current Price$74.45
Upside781.10%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.27%4.67%1.501.481.270.970.000.960.960.950.950.95
YoY Growth--1.34%15.84%31.04%0.00%-100.00%0.24%0.40%0.03%0.19%0.45%
Dividend Yield--1.89%1.10%1.09%0.61%0.00%0.85%1.32%1.35%1.43%1.78%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)391.08
(-) Cash Dividends Paid (M)155.72
(=) Cash Retained (M)235.36
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)78.2248.8929.33
Cash Retained (M)235.36235.36235.36
(-) Cash Required (M)-78.22-48.89-29.33
(=) Excess Retained (M)157.14186.48206.03
(/) Shares Outstanding (M)34.8534.8534.85
(=) Excess Retained per Share4.515.355.91
LTM Dividend per Share4.474.474.47
(+) Excess Retained per Share4.515.355.91
(=) Adjusted Dividend8.989.8210.38
WACC / Discount Rate7.50%7.50%7.50%
Growth Rate5.50%6.50%7.50%
Fair Value$473.85$1,047.10$2,231.55
Upside / Downside536.47%1,306.44%2,897.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)391.08416.50443.58472.41503.12535.82551.89
Payout Ratio39.82%49.85%59.89%69.93%79.96%90.00%92.50%
Projected Dividends (M)155.72207.65265.66330.34402.31482.24510.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.50%7.50%7.50%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)191.35193.16194.98
Year 2 PV (M)225.59229.89234.23
Year 3 PV (M)258.50265.92273.48
Year 4 PV (M)290.11301.26312.74
Year 5 PV (M)320.45335.93352.00
PV of Terminal Value (M)7,540.807,905.028,283.19
Equity Value (M)8,826.809,231.199,650.61
Shares Outstanding (M)34.8534.8534.85
Fair Value$253.26$264.86$276.89
Upside / Downside240.17%255.75%271.92%

High-Yield Dividend Screener

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