Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Quantum Software S.A. (QNT.WA)

Company Dividend Discount ModelIndustry: Software - ApplicationSector: Technology

Valuation Snapshot

Stable Growth$86.55 - $224.60$131.44
Multi-Stage$61.32 - $66.90$64.06
Blended Fair Value$97.75
Current Price$25.00
Upside291.01%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.18%0.00%1.820.673.093.160.691.642.201.630.060.00
YoY Growth--172.38%-78.33%-2.31%359.54%-57.95%-25.64%34.67%2,541.46%0.00%0.00%
Dividend Yield--9.16%2.70%11.87%10.07%2.49%13.63%13.75%9.50%0.48%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4.98
(-) Cash Dividends Paid (M)2.42
(=) Cash Retained (M)2.57
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.000.620.37
Cash Retained (M)2.572.572.57
(-) Cash Required (M)-1.00-0.62-0.37
(=) Excess Retained (M)1.571.942.19
(/) Shares Outstanding (M)1.331.331.33
(=) Excess Retained per Share1.181.461.65
LTM Dividend per Share1.821.821.82
(+) Excess Retained per Share1.181.461.65
(=) Adjusted Dividend3.003.293.47
WACC / Discount Rate9.16%9.16%9.16%
Growth Rate5.50%6.50%7.50%
Fair Value$86.55$131.44$224.60
Upside / Downside246.19%425.78%798.42%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4.985.305.656.026.416.827.03
Payout Ratio48.50%56.80%65.10%73.40%81.70%90.00%92.50%
Projected Dividends (M)2.423.013.684.425.246.146.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.16%9.16%9.16%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2.732.762.79
Year 2 PV (M)3.033.093.14
Year 3 PV (M)3.303.403.49
Year 4 PV (M)3.553.693.83
Year 5 PV (M)3.783.964.15
PV of Terminal Value (M)64.9268.0671.31
Equity Value (M)81.3284.9588.71
Shares Outstanding (M)1.331.331.33
Fair Value$61.32$64.06$66.90
Upside / Downside145.28%156.24%167.60%

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