Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Panther Securities PLC (PNS.L)

Company Dividend Discount ModelIndustry: Real Estate - ServicesSector: Real Estate

Valuation Snapshot

Stable Growth$8.28 - $14.48$10.93
Multi-Stage$16.79 - $18.47$17.61
Blended Fair Value$14.27
Current Price$3.20
Upside345.96%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-15.21%7.10%0.120.120.180.120.060.270.230.120.160.13
YoY Growth---0.14%-33.88%49.39%100.00%-77.78%17.41%92.66%-25.67%23.10%118.88%
Dividend Yield--3.75%4.07%6.16%4.59%3.48%7.20%6.39%3.81%5.29%3.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)11.11
(-) Cash Dividends Paid (M)4.19
(=) Cash Retained (M)6.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.221.390.83
Cash Retained (M)6.926.926.92
(-) Cash Required (M)-2.22-1.39-0.83
(=) Excess Retained (M)4.705.536.09
(/) Shares Outstanding (M)17.4517.4517.45
(=) Excess Retained per Share0.270.320.35
LTM Dividend per Share0.240.240.24
(+) Excess Retained per Share0.270.320.35
(=) Adjusted Dividend0.510.560.59
WACC / Discount Rate6.01%6.01%6.01%
Growth Rate-0.14%0.86%1.86%
Fair Value$8.28$10.93$14.48
Upside / Downside158.79%241.47%352.55%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)11.1111.2111.3011.4011.5011.6011.95
Payout Ratio37.70%48.16%58.62%69.08%79.54%90.00%92.50%
Projected Dividends (M)4.195.406.637.889.1510.4411.05

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.01%6.01%6.01%
Growth Rate-0.14%0.86%1.86%
Year 1 PV (M)5.045.095.14
Year 2 PV (M)5.785.906.01
Year 3 PV (M)6.426.616.81
Year 4 PV (M)6.967.247.53
Year 5 PV (M)7.427.808.19
PV of Terminal Value (M)261.31274.66288.55
Equity Value (M)292.93307.30322.24
Shares Outstanding (M)17.4517.4517.45
Fair Value$16.79$17.61$18.47
Upside / Downside424.70%450.44%477.20%

High-Yield Dividend Screener

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