Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Cambuci S.A. (CAMB3.SA)

Company Dividend Discount ModelIndustry: LeisureSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$19.34 - $32.52$25.11
Multi-Stage$22.58 - $24.69$23.61
Blended Fair Value$24.36
Current Price$9.75
Upside149.86%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.450.300.190.000.000.000.000.000.000.00
YoY Growth--51.02%54.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--4.52%2.69%3.23%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)66.03
(-) Cash Dividends Paid (M)30.21
(=) Cash Retained (M)35.82
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13.218.254.95
Cash Retained (M)35.8235.8235.82
(-) Cash Required (M)-13.21-8.25-4.95
(=) Excess Retained (M)22.6127.5730.87
(/) Shares Outstanding (M)41.8441.8441.84
(=) Excess Retained per Share0.540.660.74
LTM Dividend per Share0.720.720.72
(+) Excess Retained per Share0.540.660.74
(=) Adjusted Dividend1.261.381.46
WACC / Discount Rate9.12%9.12%9.12%
Growth Rate2.43%3.43%4.43%
Fair Value$19.34$25.11$32.52
Upside / Downside98.32%157.53%233.51%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)66.0368.3070.6473.0675.5778.1680.51
Payout Ratio45.75%54.60%63.45%72.30%81.15%90.00%92.50%
Projected Dividends (M)30.2137.2944.8252.8361.3370.3574.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.12%9.12%9.12%
Growth Rate2.43%3.43%4.43%
Year 1 PV (M)33.8534.1834.51
Year 2 PV (M)36.9237.6438.38
Year 3 PV (M)39.4940.6641.85
Year 4 PV (M)41.6143.2644.95
Year 5 PV (M)43.3245.4747.71
PV of Terminal Value (M)749.40786.70825.47
Equity Value (M)944.57987.901,032.87
Shares Outstanding (M)41.8441.8441.84
Fair Value$22.58$23.61$24.69
Upside / Downside131.56%142.18%153.21%

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