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$13.14 - $30.84$19.32
Multi-Stage$13.91 - $15.20$14.54
Blended Fair Value$16.93
Current Price$10.20
Upside66.01%
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 Rate7.38%7.38%7.38%
Growth Rate3.36%4.36%5.36%
Fair Value$13.14$19.32$30.84
Upside / Downside28.87%89.46%202.35%

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 Rate7.38%7.38%7.38%
Growth Rate3.36%4.36%5.36%
Year 1 PV (M)18.4018.5818.76
Year 2 PV (M)18.2318.5818.94
Year 3 PV (M)18.0418.5719.11
Year 4 PV (M)17.8518.5519.27
Year 5 PV (M)17.6418.5119.41
PV of Terminal Value (M)426.04447.05468.88
Equity Value (M)516.20539.84564.38
Shares Outstanding (M)37.1237.1237.12
Fair Value$13.91$14.54$15.20
Upside / Downside36.32%42.57%49.05%

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