Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hibbett, Inc. (HIBB)

Company Dividend Discount ModelIndustry: Apparel - RetailSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$64.34 - $95.56$79.24
Multi-Stage$116.81 - $128.65$122.62
Blended Fair Value$100.93
Current Price$86.59
Upside16.56%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
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)99.78
(-) Cash Dividends Paid (M)8.98
(=) Cash Retained (M)90.80
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)19.9612.477.48
Cash Retained (M)90.8090.8090.80
(-) Cash Required (M)-19.96-12.47-7.48
(=) Excess Retained (M)70.8578.3383.32
(/) Shares Outstanding (M)12.5012.5012.50
(=) Excess Retained per Share5.676.266.66
LTM Dividend per Share0.720.720.72
(+) Excess Retained per Share5.676.266.66
(=) Adjusted Dividend6.386.987.38
WACC / Discount Rate7.72%7.72%7.72%
Growth Rate-2.00%-1.00%0.00%
Fair Value$64.34$79.24$95.56
Upside / Downside-25.70%-8.49%10.36%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)99.7898.7997.8096.8295.8594.8997.74
Payout Ratio9.00%25.20%41.40%57.60%73.80%90.00%92.50%
Projected Dividends (M)8.9824.8940.4955.7770.7485.4090.41

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.72%7.72%7.72%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)22.8823.1123.34
Year 2 PV (M)34.1934.8935.60
Year 3 PV (M)43.2744.6145.98
Year 4 PV (M)50.4452.5354.68
Year 5 PV (M)55.9658.8761.91
PV of Terminal Value (M)1,253.861,319.151,387.13
Equity Value (M)1,460.591,533.161,608.64
Shares Outstanding (M)12.5012.5012.50
Fair Value$116.81$122.62$128.65
Upside / Downside34.90%41.61%48.58%

High-Yield Dividend Screener

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