Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

KGI Securities (Thailand) Public Company Limited (KGI.BK)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$4.72 - $7.35$5.94
Multi-Stage$9.69 - $10.64$10.16
Blended Fair Value$8.05
Current Price$3.96
Upside103.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-4.24%-1.48%0.310.360.550.250.340.390.320.380.290.37
YoY Growth---12.68%-35.45%120.00%-26.69%-11.43%20.31%-15.79%33.33%-21.92%1.40%
Dividend Yield--7.26%7.41%10.92%3.74%7.37%10.55%6.57%8.04%6.80%10.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)983.23
(-) Cash Dividends Paid (M)617.43
(=) Cash Retained (M)365.81
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)196.65122.9073.74
Cash Retained (M)365.81365.81365.81
(-) Cash Required (M)-196.65-122.90-73.74
(=) Excess Retained (M)169.16242.90292.06
(/) Shares Outstanding (M)1,986.751,986.751,986.75
(=) Excess Retained per Share0.090.120.15
LTM Dividend per Share0.310.310.31
(+) Excess Retained per Share0.090.120.15
(=) Adjusted Dividend0.400.430.46
WACC / Discount Rate6.86%6.86%6.86%
Growth Rate-1.40%-0.40%0.60%
Fair Value$4.72$5.94$7.35
Upside / Downside19.26%49.90%85.60%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)983.23979.29975.37971.45967.56963.68992.59
Payout Ratio62.80%68.24%73.68%79.12%84.56%90.00%92.50%
Projected Dividends (M)617.43668.23718.62768.60818.16867.31918.15

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.86%6.86%6.86%
Growth Rate-1.40%-0.40%0.60%
Year 1 PV (M)619.03625.31631.59
Year 2 PV (M)616.69629.26641.96
Year 3 PV (M)611.01629.79648.95
Year 4 PV (M)602.52627.33652.91
Year 5 PV (M)591.68622.30654.18
PV of Terminal Value (M)16,206.8117,045.5017,918.56
Equity Value (M)19,247.7420,179.5021,148.15
Shares Outstanding (M)1,986.751,986.751,986.75
Fair Value$9.69$10.16$10.64
Upside / Downside144.65%156.49%168.80%

High-Yield Dividend Screener

« Prev Page 10 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ESPEspey Mfg. & Electronics Corp.3.53%$1.6554.01%
F-PCFord Motor Company 6% Notes due3.53%$0.7463.45%
TECTPTectonic Financial, Inc.3.53%$0.3879.28%
AMFCXAmerican Funds American Mutual Fund3.52%$2.0690.87%
CRCCalifornia Resources Corporation3.52%$1.6435.94%
FAFFirst American Financial Corporation3.51%$2.1446.13%
GICGlobal Industrial Company3.51%$1.0358.36%
0R0G.LMondelez International, Inc.3.50%$1.8969.92%
DCPDCP Midstream, LP3.50%$1.4634.00%
LWLamb Weston Holdings, Inc.3.50%$1.4870.35%
WSOWatsco, Inc.3.50%$12.1683.88%
0QYY.LHarley-Davidson, Inc.3.49%$0.7217.57%
LKFNLakeland Financial Corporation3.49%$1.9752.13%
TRSTTrustCo Bank Corp NY3.49%$1.4448.14%
OMCOmnicom Group Inc.3.47%$2.8341.26%
PROVProvident Financial Holdings, Inc.3.47%$0.5561.73%
UTLUnitil Corporation3.47%$1.7061.75%
BF-ABrown-Forman Corporation3.45%$0.9152.84%
COFSChoiceOne Financial Services, Inc.3.45%$1.0070.38%
FCBPFirst Choice Bancorp3.45%$1.0034.34%
NXSTNexstar Media Group, Inc.3.45%$7.2042.75%
STBAS&T Bancorp, Inc.3.45%$1.3529.75%
VABKVirginia National Bankshares Corporation3.45%$1.3755.94%
F-PBFord Motor Company 6.20% Notes3.44%$0.7463.45%
0K3B.LThe Mosaic Company3.43%$0.8722.53%
CPFCentral Pacific Financial Corp.3.43%$1.0743.87%
CTBICommunity Trust Bancorp, Inc.3.43%$1.9337.41%
IIINInsteel Industries, Inc.3.43%$1.1153.05%
JJSFJ&J Snack Foods Corp.3.43%$3.1192.62%
TMPTompkins Financial Corporation3.43%$2.4942.22%
ALRSAlerus Financial Corporation3.41%$0.7739.09%
CNXCConcentrix Corporation3.41%$1.4028.16%
FBPFirst BanCorp.3.41%$0.7134.06%
GLOClough Global Opportunities Fund3.41%$0.1915.90%
OPBKOP Bancorp3.41%$0.4830.19%
PHXPHX Minerals Inc.3.39%$0.1581.44%
WHGWestwood Holdings Group, Inc.3.39%$0.6073.76%
SCVLShoe Carnival, Inc.3.38%$0.5928.17%
OGSONE Gas, Inc.3.37%$2.6161.93%
VALUValue Line, Inc.3.36%$1.2555.36%
WTRGEssential Utilities, Inc.3.36%$1.3054.79%
AVNTAvient Corporation3.35%$1.0686.14%
KTBKontoor Brands, Inc.3.35%$2.0653.00%
VCTRVictory Capital Holdings, Inc.3.35%$2.1548.89%
WAFDWaFd, Inc.3.35%$1.0837.44%
PBProsperity Bancshares, Inc.3.34%$2.3241.44%
PFGPrincipal Financial Group, Inc.3.34%$2.9943.04%
EVBNEvans Bancorp, Inc.3.33%$1.3160.97%
NFYSEnphys Acquisition Corp.3.33%$0.3768.70%
KMPRKemper Corporation3.32%$1.3132.45%