Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

ACTIA Group S.A. (0OJJ.L)

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

Valuation Snapshot

Stable Growth$7.83 - $19.43$11.72
Multi-Stage$9.44 - $10.36$9.89
Blended Fair Value$10.81
Current Price$3.43
Upside215.06%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.72%5.54%0.120.120.000.000.150.100.120.150.100.10
YoY Growth--0.08%0.00%0.00%-100.00%50.02%-16.64%-20.01%49.98%0.05%42.71%
Dividend Yield--4.47%3.07%0.00%0.00%5.63%2.37%3.62%2.13%1.35%1.95%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)7.15
(-) Cash Dividends Paid (M)2.42
(=) Cash Retained (M)4.73
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.430.890.54
Cash Retained (M)4.734.734.73
(-) Cash Required (M)-1.43-0.89-0.54
(=) Excess Retained (M)3.303.844.19
(/) Shares Outstanding (M)19.6919.6919.69
(=) Excess Retained per Share0.170.190.21
LTM Dividend per Share0.120.120.12
(+) Excess Retained per Share0.170.190.21
(=) Adjusted Dividend0.290.320.34
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate2.64%3.64%4.64%
Fair Value$7.83$11.72$19.43
Upside / Downside128.21%241.78%466.55%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7.157.417.687.968.258.558.81
Payout Ratio33.82%45.06%56.29%67.53%78.76%90.00%92.50%
Projected Dividends (M)2.423.344.325.376.507.698.15

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate2.64%3.64%4.64%
Year 1 PV (M)3.113.143.17
Year 2 PV (M)3.743.813.89
Year 3 PV (M)4.334.464.59
Year 4 PV (M)4.875.065.26
Year 5 PV (M)5.365.635.91
PV of Terminal Value (M)164.51172.68181.17
Equity Value (M)185.91194.77203.97
Shares Outstanding (M)19.6919.6919.69
Fair Value$9.44$9.89$10.36
Upside / Downside175.22%188.34%201.96%

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