Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

NB Private Equity Partners Limited (NBPU.L)

Company Dividend Discount ModelIndustry: Investment - Banking & Investment ServicesSector: Financial Services

Valuation Snapshot

Stable Growth$9.83 - $15.15$12.31
Multi-Stage$22.38 - $24.61$23.47
Blended Fair Value$17.89
Current Price$19.50
Upside-8.26%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS9.38%0.00%0.760.780.780.600.480.480.460.430.430.00
YoY Growth---2.64%-0.28%30.56%24.09%-0.48%5.43%6.00%0.00%0.00%0.00%
Dividend Yield--3.88%3.79%4.39%2.40%3.07%3.12%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)60.44
(-) Cash Dividends Paid (M)42.43
(=) Cash Retained (M)18.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12.097.564.53
Cash Retained (M)18.0118.0118.01
(-) Cash Required (M)-12.09-7.56-4.53
(=) Excess Retained (M)5.9210.4613.48
(/) Shares Outstanding (M)56.3956.3956.39
(=) Excess Retained per Share0.110.190.24
LTM Dividend per Share0.750.750.75
(+) Excess Retained per Share0.110.190.24
(=) Adjusted Dividend0.860.940.99
WACC / Discount Rate6.55%6.55%6.55%
Growth Rate-2.00%-1.00%0.00%
Fair Value$9.83$12.31$15.15
Upside / Downside-49.57%-36.90%-22.32%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)60.4459.8459.2458.6558.0657.4859.20
Payout Ratio70.20%74.16%78.12%82.08%86.04%90.00%92.50%
Projected Dividends (M)42.4344.3846.2848.1449.9551.7354.76

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.55%6.55%6.55%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)41.2341.6542.07
Year 2 PV (M)39.9540.7741.59
Year 3 PV (M)38.6139.8041.02
Year 4 PV (M)37.2238.7640.35
Year 5 PV (M)35.8137.6839.62
PV of Terminal Value (M)1,069.171,124.851,182.82
Equity Value (M)1,261.991,323.501,387.47
Shares Outstanding (M)56.3956.3956.39
Fair Value$22.38$23.47$24.61
Upside / Downside14.77%20.37%26.19%

High-Yield Dividend Screener

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