Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

QANTM Intellectual Property Limited (QIP.AX)

Company Dividend Discount ModelIndustry: Consulting ServicesSector: Industrials

Valuation Snapshot

Stable Growth$0.79 - $1.09$0.94
Multi-Stage$1.22 - $1.33$1.27
Blended Fair Value$1.11
Current Price$0.95
Upside16.46%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS-4.19%0.00%0.060.060.080.080.070.080.040.190.000.00
YoY Growth---0.55%-16.99%-2.30%3.84%-3.59%84.84%-78.06%0.00%0.00%0.00%
Dividend Yield--7.45%6.59%6.53%6.57%5.19%7.38%3.30%7.64%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)19.11
(-) Cash Dividends Paid (M)17.66
(=) Cash Retained (M)1.45
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.822.391.43
Cash Retained (M)1.451.451.45
(-) Cash Required (M)-3.82-2.39-1.43
(=) Excess Retained (M)-2.37-0.940.01
(/) Shares Outstanding (M)138.92138.92138.92
(=) Excess Retained per Share-0.02-0.010.00
LTM Dividend per Share0.130.130.13
(+) Excess Retained per Share-0.02-0.010.00
(=) Adjusted Dividend0.110.120.13
WACC / Discount Rate11.66%11.66%11.66%
Growth Rate-2.00%-1.00%0.00%
Fair Value$0.79$0.94$1.09
Upside / Downside-16.91%-0.95%14.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)19.1118.9218.7318.5418.3618.1718.72
Payout Ratio92.42%91.94%91.45%90.97%90.48%90.00%92.50%
Projected Dividends (M)17.6617.3917.1316.8716.6116.3517.31

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate11.66%11.66%11.66%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)15.4215.5815.73
Year 2 PV (M)13.4613.7414.02
Year 3 PV (M)11.7512.1112.49
Year 4 PV (M)10.2610.6811.12
Year 5 PV (M)8.969.429.91
PV of Terminal Value (M)109.45115.15121.08
Equity Value (M)169.29176.68184.35
Shares Outstanding (M)138.92138.92138.92
Fair Value$1.22$1.27$1.33
Upside / Downside28.27%33.87%39.68%

High-Yield Dividend Screener

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