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Newebinfo (6938.TWO)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$107.02 - $163.36$133.39
Multi-Stage$233.69 - $256.82$245.03
Blended Fair Value$189.21
Current Price$92.30
Upside105.00%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%3.412.863.433.762.940.000.000.000.000.00
YoY Growth--19.50%-16.67%-8.70%27.78%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--4.27%3.12%3.75%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)151.03
(-) Cash Dividends Paid (M)105.73
(=) Cash Retained (M)45.31
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)30.2118.8811.33
Cash Retained (M)45.3145.3145.31
(-) Cash Required (M)-30.21-18.88-11.33
(=) Excess Retained (M)15.1026.4333.98
(/) Shares Outstanding (M)12.5612.5612.56
(=) Excess Retained per Share1.202.102.70
LTM Dividend per Share8.428.428.42
(+) Excess Retained per Share1.202.102.70
(=) Adjusted Dividend9.6210.5211.12
WACC / Discount Rate6.81%6.81%6.81%
Growth Rate-2.00%-1.00%0.00%
Fair Value$107.02$133.39$163.36
Upside / Downside15.95%44.52%76.99%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)151.03149.52148.03146.55145.08143.63147.94
Payout Ratio70.00%74.00%78.00%82.00%86.00%90.00%92.50%
Projected Dividends (M)105.73110.65115.46120.17124.77129.27136.85

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.81%6.81%6.81%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)102.55103.60104.65
Year 2 PV (M)99.18101.22103.27
Year 3 PV (M)95.6798.63101.65
Year 4 PV (M)92.0695.8899.81
Year 5 PV (M)88.4093.0097.80
PV of Terminal Value (M)2,458.062,586.062,719.34
Equity Value (M)2,935.933,078.383,226.50
Shares Outstanding (M)12.5612.5612.56
Fair Value$233.69$245.03$256.82
Upside / Downside153.19%165.47%178.25%

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