Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Centurion Acquisition Corp. Unit (ALFUU)

Company Dividend Discount ModelIndustry: Shell CompaniesSector: Financial Services

Valuation Snapshot

Stable Growth$3.85 - $6.06$4.86
Multi-Stage$9.65 - $10.62$10.13
Blended Fair Value$7.49
Current Price$10.55
Upside-28.96%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202120202019
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)12.13
(-) Cash Dividends Paid (M)6.23
(=) Cash Retained (M)5.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.431.520.91
Cash Retained (M)5.905.905.90
(-) Cash Required (M)-2.43-1.52-0.91
(=) Excess Retained (M)3.474.384.99
(/) Shares Outstanding (M)31.0331.0331.03
(=) Excess Retained per Share0.110.140.16
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.110.140.16
(=) Adjusted Dividend0.310.340.36
WACC / Discount Rate5.96%5.96%5.96%
Growth Rate-2.00%-1.00%0.00%
Fair Value$3.85$4.86$6.06
Upside / Downside-63.52%-53.91%-42.53%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)12.1312.0111.8911.7711.6511.5311.88
Payout Ratio51.38%59.10%66.83%74.55%82.28%90.00%92.50%
Projected Dividends (M)6.237.107.948.779.5910.3810.99

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.96%5.96%5.96%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)6.636.706.77
Year 2 PV (M)6.937.087.22
Year 3 PV (M)7.157.377.60
Year 4 PV (M)7.307.607.92
Year 5 PV (M)7.397.778.17
PV of Terminal Value (M)264.00277.75292.06
Equity Value (M)299.40314.27329.73
Shares Outstanding (M)31.0331.0331.03
Fair Value$9.65$10.13$10.62
Upside / Downside-8.55%-4.01%0.71%

High-Yield Dividend Screener

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