Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

TINC N.V. (0R7T.L)

Company Dividend Discount ModelIndustry: Financial - DiversifiedSector: Financial Services

Valuation Snapshot

Stable Growth$87.98 - $458.86$177.30
Multi-Stage$92.76 - $101.84$97.21
Blended Fair Value$137.26
Current Price$11.02
Upside1,145.53%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320232022202120202019201820172016
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%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)85.77
(-) Cash Dividends Paid (M)30.55
(=) Cash Retained (M)55.23
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17.1510.726.43
Cash Retained (M)55.2355.2355.23
(-) Cash Required (M)-17.15-10.72-6.43
(=) Excess Retained (M)38.0744.5048.79
(/) Shares Outstanding (M)36.3636.3636.36
(=) Excess Retained per Share1.051.221.34
LTM Dividend per Share0.840.840.84
(+) Excess Retained per Share1.051.221.34
(=) Adjusted Dividend1.892.062.18
WACC / Discount Rate5.37%5.37%5.37%
Growth Rate3.16%4.16%5.16%
Fair Value$87.98$177.30$458.86
Upside / Downside698.38%1,508.91%4,063.93%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)85.7789.3493.0596.92100.95105.15108.30
Payout Ratio35.61%46.49%57.37%68.25%79.12%90.00%92.50%
Projected Dividends (M)30.5541.5353.3866.1479.8894.63100.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.37%5.37%5.37%
Growth Rate3.16%4.16%5.16%
Year 1 PV (M)39.0439.4239.79
Year 2 PV (M)47.1648.0849.01
Year 3 PV (M)54.9256.5458.18
Year 4 PV (M)62.3464.7967.32
Year 5 PV (M)69.4272.8576.42
PV of Terminal Value (M)3,100.183,253.383,412.59
Equity Value (M)3,373.073,535.063,703.31
Shares Outstanding (M)36.3636.3636.36
Fair Value$92.76$97.21$101.84
Upside / Downside741.73%782.16%824.14%

High-Yield Dividend Screener

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