Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Thrace Plastics Holding Company S.A. (PLAT.AT)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$48.84 - $57.54$53.93
Multi-Stage$31.91 - $35.00$33.43
Blended Fair Value$43.68
Current Price$3.99
Upside994.63%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS31.02%12.85%0.180.340.170.280.110.050.050.000.000.05
YoY Growth---48.09%102.92%-38.96%159.64%131.29%-4.68%50,700.00%0.00%-100.00%-9.68%
Dividend Yield--4.44%8.50%4.20%5.26%2.41%3.46%2.12%0.00%0.00%3.52%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)12.09
(-) Cash Dividends Paid (M)10.39
(=) Cash Retained (M)1.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.421.510.91
Cash Retained (M)1.701.701.70
(-) Cash Required (M)-2.42-1.51-0.91
(=) Excess Retained (M)-0.710.190.80
(/) Shares Outstanding (M)41.7641.7641.76
(=) Excess Retained per Share-0.020.000.02
LTM Dividend per Share0.250.250.25
(+) Excess Retained per Share-0.020.000.02
(=) Adjusted Dividend0.230.250.27
WACC / Discount Rate3.28%3.28%3.28%
Growth Rate5.41%6.41%7.41%
Fair Value$48.84$53.93$57.54
Upside / Downside1,124.05%1,251.50%1,342.16%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)12.0912.8713.6914.5715.5116.5016.99
Payout Ratio85.91%86.73%87.55%88.36%89.18%90.00%92.50%
Projected Dividends (M)10.3911.1611.9912.8813.8314.8515.72

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate3.28%3.28%3.28%
Growth Rate5.41%6.41%7.41%
Year 1 PV (M)10.7010.8110.91
Year 2 PV (M)11.0311.2411.45
Year 3 PV (M)11.3611.6912.02
Year 4 PV (M)11.7012.1512.61
Year 5 PV (M)12.0512.6313.24
PV of Terminal Value (M)1,275.801,337.481,401.51
Equity Value (M)1,332.651,395.991,461.75
Shares Outstanding (M)41.7641.7641.76
Fair Value$31.91$33.43$35.00
Upside / Downside699.73%737.75%777.21%

High-Yield Dividend Screener

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