Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Touax SCA (TOUP.PA)

Company Dividend Discount ModelIndustry: Rental & Leasing ServicesSector: Industrials

Valuation Snapshot

Stable Growth$13.19 - $22.70$17.29
Multi-Stage$57.42 - $63.42$60.36
Blended Fair Value$38.83
Current Price$3.69
Upside952.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%-11.67%0.120.100.000.000.710.000.580.580.580.42
YoY Growth--19.55%0.00%0.00%-100.00%0.00%-100.00%0.00%0.00%37.47%0.65%
Dividend Yield--3.27%1.80%0.00%0.00%7.68%0.00%11.83%4.98%5.25%4.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)7.49
(-) Cash Dividends Paid (M)1.55
(=) Cash Retained (M)5.94
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.500.940.56
Cash Retained (M)5.945.945.94
(-) Cash Required (M)-1.50-0.94-0.56
(=) Excess Retained (M)4.445.005.37
(/) Shares Outstanding (M)7.007.007.00
(=) Excess Retained per Share0.630.710.77
LTM Dividend per Share0.220.220.22
(+) Excess Retained per Share0.630.710.77
(=) Adjusted Dividend0.860.940.99
WACC / Discount Rate4.36%4.36%4.36%
Growth Rate-2.00%-1.00%0.00%
Fair Value$13.19$17.29$22.70
Upside / Downside257.45%368.62%515.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7.497.417.347.267.197.127.33
Payout Ratio20.71%34.56%48.42%62.28%76.14%90.00%92.50%
Projected Dividends (M)1.552.563.554.525.486.416.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.36%4.36%4.36%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)2.432.452.48
Year 2 PV (M)3.203.263.33
Year 3 PV (M)3.863.984.10
Year 4 PV (M)4.434.624.81
Year 5 PV (M)4.925.185.44
PV of Terminal Value (M)382.85402.79423.54
Equity Value (M)401.69422.28443.70
Shares Outstanding (M)7.007.007.00
Fair Value$57.42$60.36$63.42
Upside / Downside1,456.02%1,535.77%1,618.77%

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