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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Page: Dividend Discount Model

Votum S.A.

Ticker: VOT.WA | Industry: Specialty Business Services | Sector: Industrials
$48.20 +0.75 (1.58%)
As of: 2026-01-23

Master Data Export


Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$257.99 - $551.26$363.33
Multi-Stage DDM$122.54 - $133.86$128.10
Blended Fair Value$245.71
Stock Price$46.75

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS2.8962.5120.4100.3500.0030.2010.0180.6820.4660.990
YoY %15.27%512.76%17.14%13,900.00%-98.76%1,032.86%-97.40%46.55%-52.97%93.79%
Yield6.195%5.374%0.877%0.749%0.005%0.430%0.038%1.460%0.996%2.118%

CAGRValue
5 Year70.49%
10 Year18.94%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth5.50% to 7.50%6.50%
WACC9.76%9.76%
Fair Value$257.99 - $551.26$363.33

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income112.87112.87112.87
(=) Cash Required22.5714.118.47
Cash Retained112.87112.87112.87
(-) Cash Required-22.57-14.11-8.47
(=) Excess Retained90.3098.76104.41
(/) Shares Outstanding12,000,00012,000,00012,000,000
(=) Excess Retained per Share7.528.238.70
LTM Dividend per Share2.8962.8962.896
(+) Excess Retained per Share7.528.238.70
(=) Adjusted Dividend10.42111.12611.597

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income112.87120.21128.02136.35145.21154.65
Payout Ratio30.8%25.0%41.0%57.0%73.0%90.0%
Projected Dividends34.7530.0552.4977.72106.00139.18

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV28.4228.6928.95
Year 2 PV44.7945.6546.51
Year 3 PV59.8661.5763.32
Year 4 PV73.6876.5179.43
Year 5 PV87.3191.5395.91
TV PV1,176.391,233.211,292.20
Equity Value1,470.441,537.161,606.32
Fair Value$122.54$128.10$133.86
Stock Price$46.75$46.75$46.75

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