Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Broadridge Financial Solutions, Inc. (0HPW.L)

Company Dividend Discount ModelIndustry: Software - ServicesSector: Technology

Valuation Snapshot

Stable Growth$1,320.29 - $1,555.52$1,457.75
Multi-Stage$298.48 - $326.88$312.42
Blended Fair Value$885.08
Current Price$243.03
Upside264.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS10.79%12.65%3.403.112.802.462.212.041.791.401.291.17
YoY Growth--9.26%11.24%13.86%11.08%8.59%14.11%27.38%8.94%10.13%13.00%
Dividend Yield--1.40%1.45%1.56%1.70%1.33%1.54%1.44%1.08%1.59%1.72%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)925.10
(-) Cash Dividends Paid (M)412.00
(=) Cash Retained (M)513.10
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)185.02115.6469.38
Cash Retained (M)513.10513.10513.10
(-) Cash Required (M)-185.02-115.64-69.38
(=) Excess Retained (M)328.08397.46443.72
(/) Shares Outstanding (M)118.28118.28118.28
(=) Excess Retained per Share2.773.363.75
LTM Dividend per Share3.483.483.48
(+) Excess Retained per Share2.773.363.75
(=) Adjusted Dividend6.266.847.23
WACC / Discount Rate5.72%5.72%5.72%
Growth Rate5.50%6.50%7.50%
Fair Value$1,320.29$1,457.75$1,555.52
Upside / Downside443.26%499.82%540.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)925.10985.231,049.271,117.471,190.111,267.471,305.49
Payout Ratio44.54%53.63%62.72%71.81%80.91%90.00%92.50%
Projected Dividends (M)412.00528.37658.12802.51962.881,140.721,207.58

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.72%5.72%5.72%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)495.06499.76504.45
Year 2 PV (M)577.77588.78599.88
Year 3 PV (M)660.12679.07698.38
Year 4 PV (M)742.12770.66800.02
Year 5 PV (M)823.77863.56904.87
PV of Terminal Value (M)32,003.4033,549.1735,154.11
Equity Value (M)35,302.2536,951.0038,661.71
Shares Outstanding (M)118.28118.28118.28
Fair Value$298.48$312.42$326.88
Upside / Downside22.81%28.55%34.50%

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