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$74.28 - $164.68$107.11
Multi-Stage$55.51 - $60.53$57.98
Blended Fair Value$82.54
Current Price$25.00
Upside230.17%
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 Rate9.77%9.77%9.77%
Growth Rate5.50%6.50%7.50%
Fair Value$74.28$107.11$164.68
Upside / Downside197.11%328.43%558.73%

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 Rate9.77%9.77%9.77%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2.722.752.77
Year 2 PV (M)3.003.053.11
Year 3 PV (M)3.253.343.43
Year 4 PV (M)3.473.613.74
Year 5 PV (M)3.683.854.04
PV of Terminal Value (M)57.5160.2863.17
Equity Value (M)73.6276.8880.27
Shares Outstanding (M)1.331.331.33
Fair Value$55.51$57.98$60.53
Upside / Downside122.06%131.91%142.11%

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