Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

SS&C Technologies Holdings, Inc. (0L1G.L)

Company Dividend Discount ModelIndustry: Software - ServicesSector: Technology

Valuation Snapshot

Stable Growth$237.48 - $668.41$626.40
Multi-Stage$92.57 - $101.33$96.87
Blended Fair Value$361.63
Current Price$88.76
Upside307.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS17.86%37.03%0.970.870.800.690.540.420.280.210.200.18
YoY Growth--10.86%8.76%16.72%27.85%26.37%51.90%30.33%8.50%10.32%333.11%
Dividend Yield--1.16%1.37%1.42%0.91%0.77%0.97%0.43%0.40%0.56%0.57%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)852.00
(-) Cash Dividends Paid (M)250.60
(=) Cash Retained (M)601.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)170.40106.5063.90
Cash Retained (M)601.40601.40601.40
(-) Cash Required (M)-170.40-106.50-63.90
(=) Excess Retained (M)431.00494.90537.50
(/) Shares Outstanding (M)253.50253.50253.50
(=) Excess Retained per Share1.701.952.12
LTM Dividend per Share0.990.990.99
(+) Excess Retained per Share1.701.952.12
(=) Adjusted Dividend2.692.943.11
WACC / Discount Rate6.69%6.69%6.69%
Growth Rate5.50%6.50%7.50%
Fair Value$237.48$626.40$668.41
Upside / Downside167.56%605.72%653.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)852.00907.38966.361,029.171,096.071,167.311,202.33
Payout Ratio29.41%41.53%53.65%65.77%77.88%90.00%92.50%
Projected Dividends (M)250.60376.84518.43676.84853.651,050.581,112.16

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.69%6.69%6.69%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)349.88353.20356.51
Year 2 PV (M)446.90455.42464.01
Year 3 PV (M)541.71557.26573.11
Year 4 PV (M)634.34658.74683.83
Year 5 PV (M)724.83759.84796.19
PV of Terminal Value (M)20,769.2921,772.4522,814.01
Equity Value (M)23,466.9524,556.9025,687.65
Shares Outstanding (M)253.50253.50253.50
Fair Value$92.57$96.87$101.33
Upside / Downside4.29%9.14%14.16%

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