Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Gillette India Limited (GILLETTE.BO)

Company Dividend Discount ModelIndustry: Household & Personal ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$4,487.22 - $13,337.77$7,096.13
Multi-Stage$3,020.67 - $3,298.82$3,157.23
Blended Fair Value$5,126.68
Current Price$9,480.00
Upside-45.92%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS29.60%22.05%110.00135.0071.0069.00132.0030.0942.0012.04174.0019.88
YoY Growth---18.52%90.14%2.90%-47.73%338.67%-28.36%248.87%-93.08%775.24%32.53%
Dividend Yield--1.01%1.59%1.16%1.33%2.24%0.56%0.59%0.18%3.10%0.46%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,739.90
(-) Cash Dividends Paid (M)2,118.00
(=) Cash Retained (M)3,621.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,147.98717.49430.49
Cash Retained (M)3,621.903,621.903,621.90
(-) Cash Required (M)-1,147.98-717.49-430.49
(=) Excess Retained (M)2,473.922,904.413,191.41
(/) Shares Outstanding (M)32.5832.5832.58
(=) Excess Retained per Share75.9289.1497.94
LTM Dividend per Share65.0065.0065.00
(+) Excess Retained per Share75.9289.1497.94
(=) Adjusted Dividend140.92154.14162.94
WACC / Discount Rate8.81%8.81%8.81%
Growth Rate5.50%6.50%7.50%
Fair Value$4,487.22$7,096.13$13,337.77
Upside / Downside-52.67%-25.15%40.69%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,739.906,112.996,510.346,933.517,384.197,864.168,100.09
Payout Ratio36.90%47.52%58.14%68.76%79.38%90.00%92.50%
Projected Dividends (M)2,118.002,904.873,785.094,767.475,861.567,077.747,492.58

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.81%8.81%8.81%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,644.532,669.602,694.66
Year 2 PV (M)3,137.033,196.783,257.10
Year 3 PV (M)3,597.083,700.343,805.56
Year 4 PV (M)4,026.224,181.054,340.31
Year 5 PV (M)4,425.884,639.654,861.60
PV of Terminal Value (M)80,596.0184,488.8388,530.63
Equity Value (M)98,426.75102,876.25107,489.87
Shares Outstanding (M)32.5832.5832.58
Fair Value$3,020.67$3,157.23$3,298.82
Upside / Downside-68.14%-66.70%-65.20%

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