Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Jhonlin Agro Raya Tbk (JARR.JK)

Company Dividend Discount ModelIndustry: Agricultural Farm ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$346.89 - $542.16$436.81
Multi-Stage$812.50 - $895.90$853.37
Blended Fair Value$645.09
Current Price$376.00
Upside71.57%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)333,269.40
(-) Cash Dividends Paid (M)52,153.26
(=) Cash Retained (M)281,116.14
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)66,653.8841,658.6724,995.20
Cash Retained (M)281,116.14281,116.14281,116.14
(-) Cash Required (M)-66,653.88-41,658.67-24,995.20
(=) Excess Retained (M)214,462.26239,457.46256,120.93
(/) Shares Outstanding (M)9,230.679,230.679,230.67
(=) Excess Retained per Share23.2325.9427.75
LTM Dividend per Share5.655.655.65
(+) Excess Retained per Share23.2325.9427.75
(=) Adjusted Dividend28.8831.5933.40
WACC / Discount Rate6.16%6.16%6.16%
Growth Rate-2.00%-1.00%0.00%
Fair Value$346.89$436.81$542.16
Upside / Downside-7.74%16.17%44.19%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)333,269.40329,936.70326,637.34323,370.96320,137.25316,935.88326,443.96
Payout Ratio15.65%30.52%45.39%60.26%75.13%90.00%92.50%
Projected Dividends (M)52,153.26100,693.99148,258.69194,862.02240,518.46285,242.29301,960.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.16%6.16%6.16%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)93,893.0994,851.1995,809.28
Year 2 PV (M)128,908.15131,552.35134,223.39
Year 3 PV (M)157,985.61162,871.42167,856.94
Year 4 PV (M)181,831.39189,367.45197,135.37
Year 5 PV (M)201,077.96211,548.56222,450.86
PV of Terminal Value (M)6,736,255.157,087,027.587,452,262.60
Equity Value (M)7,499,951.357,877,218.558,269,738.45
Shares Outstanding (M)9,230.679,230.679,230.67
Fair Value$812.50$853.37$895.90
Upside / Downside116.09%126.96%138.27%

High-Yield Dividend Screener

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