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Cofidur S.A. (ALCOF.PA)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$1,773.36 - $4,032.87$2,579.82
Multi-Stage$2,194.40 - $2,406.88$2,298.63
Blended Fair Value$2,439.22
Current Price$298.00
Upside718.53%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS19.97%9.53%19.9214.9630.030.008.018.018.018.018.018.01
YoY Growth--33.10%-50.17%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--6.00%4.68%9.27%0.00%2.78%2.69%2.36%2.17%2.07%2.07%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3.46
(-) Cash Dividends Paid (M)1.35
(=) Cash Retained (M)2.12
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.690.430.26
Cash Retained (M)2.122.122.12
(-) Cash Required (M)-0.69-0.43-0.26
(=) Excess Retained (M)1.421.681.86
(/) Shares Outstanding (M)0.040.040.04
(=) Excess Retained per Share36.9443.6748.16
LTM Dividend per Share34.9034.9034.90
(+) Excess Retained per Share36.9443.6748.16
(=) Adjusted Dividend71.8478.5883.07
WACC / Discount Rate6.65%6.65%6.65%
Growth Rate2.50%3.50%4.50%
Fair Value$1,773.36$2,579.82$4,032.87
Upside / Downside495.09%765.71%1,253.31%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3.463.583.713.843.974.114.24
Payout Ratio38.87%49.09%59.32%69.55%79.77%90.00%92.50%
Projected Dividends (M)1.351.762.202.673.173.703.92

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.65%6.65%6.65%
Growth Rate2.50%3.50%4.50%
Year 1 PV (M)1.631.651.67
Year 2 PV (M)1.901.931.97
Year 3 PV (M)2.142.202.27
Year 4 PV (M)2.362.452.55
Year 5 PV (M)2.562.682.81
PV of Terminal Value (M)74.0477.7281.55
Equity Value (M)84.6288.6492.82
Shares Outstanding (M)0.040.040.04
Fair Value$2,194.40$2,298.63$2,406.88
Upside / Downside636.38%671.35%707.68%

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