Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zwack Unicum Nyrt. (ZWACK.BD)

Company Dividend Discount ModelIndustry: Beverages - Wineries & DistilleriesSector: Consumer Defensive

Valuation Snapshot

Stable Growth$53,240.30 - $250,715.50$94,044.50
Multi-Stage$41,128.21 - $44,925.63$42,992.24
Blended Fair Value$68,518.37
Current Price$32,500.00
Upside110.83%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS1.49%-5.63%1,400.001,700.001,500.00700.00300.001,300.001,050.001,050.00850.001,200.00
YoY Growth---17.65%13.33%114.29%133.33%-76.92%23.81%0.00%23.53%-29.17%-52.00%
Dividend Yield--4.24%6.80%7.73%3.77%1.80%7.74%5.87%5.98%4.75%6.71%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,397.00
(-) Cash Dividends Paid (M)3,000.00
(=) Cash Retained (M)397.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)679.40424.63254.78
Cash Retained (M)397.00397.00397.00
(-) Cash Required (M)-679.40-424.63-254.78
(=) Excess Retained (M)-282.40-27.63142.23
(/) Shares Outstanding (M)2.002.002.00
(=) Excess Retained per Share-141.20-13.8171.11
LTM Dividend per Share1,500.001,500.001,500.00
(+) Excess Retained per Share-141.20-13.8171.11
(=) Adjusted Dividend1,358.801,486.191,571.11
WACC / Discount Rate7.18%7.18%7.18%
Growth Rate4.52%5.52%6.52%
Fair Value$53,240.30$94,044.50$250,715.50
Upside / Downside63.82%189.37%671.43%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,397.003,584.423,782.193,990.864,211.054,443.384,576.68
Payout Ratio88.31%88.65%88.99%89.33%89.66%90.00%92.50%
Projected Dividends (M)3,000.003,177.613,365.693,564.853,775.743,999.044,233.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.18%7.18%7.18%
Growth Rate4.52%5.52%6.52%
Year 1 PV (M)2,936.512,964.612,992.71
Year 2 PV (M)2,874.332,929.602,985.39
Year 3 PV (M)2,813.422,894.952,978.04
Year 4 PV (M)2,753.772,860.682,970.67
Year 5 PV (M)2,695.342,826.772,963.28
PV of Terminal Value (M)68,183.0671,507.8874,961.16
Equity Value (M)82,256.4385,984.4989,851.25
Shares Outstanding (M)2.002.002.00
Fair Value$41,128.21$42,992.24$44,925.63
Upside / Downside26.55%32.28%38.23%

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