Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

cBrain A/S (0DWV.L)

Company Dividend Discount ModelIndustry: Software - ApplicationSector: Technology

Valuation Snapshot

Stable Growth$257.26 - $1,165.43$591.95
Multi-Stage$131.91 - $144.39$138.04
Blended Fair Value$364.99
Current Price$215.00
Upside69.76%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.55%16.79%0.280.210.170.140.120.110.110.100.100.08
YoY Growth--33.35%23.51%21.48%18.38%7.50%-0.22%10.13%-0.50%28.16%32.33%
Dividend Yield--0.15%0.08%0.11%0.05%0.06%0.21%0.55%0.24%0.18%0.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)115.92
(-) Cash Dividends Paid (M)18.00
(=) Cash Retained (M)97.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)23.1814.498.69
Cash Retained (M)97.9297.9297.92
(-) Cash Required (M)-23.18-14.49-8.69
(=) Excess Retained (M)74.7483.4389.23
(/) Shares Outstanding (M)19.7819.7819.78
(=) Excess Retained per Share3.784.224.51
LTM Dividend per Share0.910.910.91
(+) Excess Retained per Share3.784.224.51
(=) Adjusted Dividend4.695.135.42
WACC / Discount Rate7.42%7.42%7.42%
Growth Rate5.50%6.50%7.50%
Fair Value$257.26$591.95$1,165.43
Upside / Downside19.66%175.33%442.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)115.92123.46131.48140.03149.13158.82163.59
Payout Ratio15.53%30.42%45.32%60.21%75.11%90.00%92.50%
Projected Dividends (M)18.0037.5659.5884.31112.00142.94151.32

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.42%7.42%7.42%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)34.6334.9635.29
Year 2 PV (M)50.6751.6352.61
Year 3 PV (M)66.1268.0169.95
Year 4 PV (M)81.0084.1187.31
Year 5 PV (M)95.3299.93104.71
PV of Terminal Value (M)2,281.692,391.892,506.32
Equity Value (M)2,609.422,730.542,856.18
Shares Outstanding (M)19.7819.7819.78
Fair Value$131.91$138.04$144.39
Upside / Downside-38.65%-35.80%-32.84%

High-Yield Dividend Screener

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