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$63.19 - $93.43$77.66
Multi-Stage$112.32 - $123.69$117.89
Blended Fair Value$97.78
Current Price$86.59
Upside12.92%
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 Rate7.90%7.90%7.90%
Growth Rate-2.00%-1.00%0.00%
Fair Value$63.19$77.66$93.43
Upside / Downside-27.02%-10.31%7.90%

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 Rate7.90%7.90%7.90%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)22.8423.0723.30
Year 2 PV (M)34.0834.7835.48
Year 3 PV (M)43.0644.3945.75
Year 4 PV (M)50.1152.1954.33
Year 5 PV (M)55.5058.3961.40
PV of Terminal Value (M)1,198.851,261.271,326.27
Equity Value (M)1,404.431,474.091,546.54
Shares Outstanding (M)12.5012.5012.50
Fair Value$112.32$117.89$123.69
Upside / Downside29.72%36.15%42.84%

High-Yield Dividend Screener

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