Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Tyman plc (TYMN.L)

Company Dividend Discount ModelIndustry: ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$4.63 - $7.37$5.88
Multi-Stage$6.03 - $6.59$6.30
Blended Fair Value$6.09
Current Price$3.18
Upside91.49%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS3.53%14.22%0.140.130.080.000.120.110.100.080.070.06
YoY Growth--4.72%62.82%0.00%-100.00%5.54%14.69%25.16%6.96%33.31%55.22%
Dividend Yield--4.27%5.74%1.99%0.00%4.43%4.86%2.72%2.88%2.46%1.77%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)86.00
(-) Cash Dividends Paid (M)52.00
(=) Cash Retained (M)34.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17.2010.756.45
Cash Retained (M)34.0034.0034.00
(-) Cash Required (M)-17.20-10.75-6.45
(=) Excess Retained (M)16.8023.2527.55
(/) Shares Outstanding (M)195.75195.75195.75
(=) Excess Retained per Share0.090.120.14
LTM Dividend per Share0.270.270.27
(+) Excess Retained per Share0.090.120.14
(=) Adjusted Dividend0.350.380.41
WACC / Discount Rate9.24%9.24%9.24%
Growth Rate1.53%2.53%3.53%
Fair Value$4.63$5.88$7.37
Upside / Downside45.63%84.84%131.89%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)86.0088.1890.4192.7095.0597.45100.38
Payout Ratio60.47%66.37%72.28%78.19%84.09%90.00%92.50%
Projected Dividends (M)52.0058.5365.3572.4879.9387.7192.85

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.24%9.24%9.24%
Growth Rate1.53%2.53%3.53%
Year 1 PV (M)53.0553.5854.10
Year 2 PV (M)53.7054.7655.84
Year 3 PV (M)53.9955.6057.24
Year 4 PV (M)53.9756.1358.35
Year 5 PV (M)53.6956.3959.19
PV of Terminal Value (M)911.22956.991,004.57
Equity Value (M)1,179.631,233.451,289.30
Shares Outstanding (M)195.75195.75195.75
Fair Value$6.03$6.30$6.59
Upside / Downside89.50%98.15%107.12%

High-Yield Dividend Screener

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