Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dohome Public Company Limited (DOHOME.BK)

Company Dividend Discount ModelIndustry: Home ImprovementSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$5.52 - $19.44$9.13
Multi-Stage$3.44 - $3.77$3.60
Blended Fair Value$6.37
Current Price$3.92
Upside62.39%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-63.78%0.00%0.000.010.020.010.010.740.120.000.000.00
YoY Growth---22.68%-62.48%168.40%-41.66%-98.63%521.84%0.00%0.00%-100.00%0.00%
Dividend Yield--0.08%0.06%0.12%0.03%0.07%23.82%2.69%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)664.40
(-) Cash Dividends Paid (M)17.10
(=) Cash Retained (M)647.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)132.8883.0549.83
Cash Retained (M)647.30647.30647.30
(-) Cash Required (M)-132.88-83.05-49.83
(=) Excess Retained (M)514.42564.25597.47
(/) Shares Outstanding (M)3,383.303,383.303,383.30
(=) Excess Retained per Share0.150.170.18
LTM Dividend per Share0.010.010.01
(+) Excess Retained per Share0.150.170.18
(=) Adjusted Dividend0.160.170.18
WACC / Discount Rate8.50%8.50%8.50%
Growth Rate5.50%6.50%7.50%
Fair Value$5.52$9.13$19.44
Upside / Downside40.73%132.90%395.96%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)664.40707.58753.58802.56854.72910.28937.59
Payout Ratio2.57%20.06%37.54%55.03%72.51%90.00%92.50%
Projected Dividends (M)17.10141.93282.92441.64619.80819.25867.27

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.50%8.50%8.50%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)129.58130.81132.03
Year 2 PV (M)235.82240.31244.84
Year 3 PV (M)336.08345.72355.55
Year 4 PV (M)430.60447.16464.19
Year 5 PV (M)519.63544.73570.79
PV of Terminal Value (M)9,993.6410,476.3310,977.50
Equity Value (M)11,645.3412,185.0612,744.92
Shares Outstanding (M)3,383.303,383.303,383.30
Fair Value$3.44$3.60$3.77
Upside / Downside-12.19%-8.12%-3.90%

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