Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Mega Lifesciences Public Company Limited (MEGA-R.BK)

Company Dividend Discount ModelIndustry: Drug Manufacturers - Specialty & GenericSector: Healthcare

Valuation Snapshot

Stable Growth$44.44 - $97.50$63.84
Multi-Stage$34.27 - $37.32$35.77
Blended Fair Value$49.81
Current Price$31.00
Upside60.66%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS17.67%19.11%1.611.661.621.060.770.710.710.540.470.41
YoY Growth---3.11%2.40%52.30%37.71%8.43%0.59%31.50%14.70%15.23%45.77%
Dividend Yield--5.49%3.86%3.88%2.34%2.25%3.21%2.07%1.30%1.77%2.40%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,974.37
(-) Cash Dividends Paid (M)1,395.29
(=) Cash Retained (M)579.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)394.87246.80148.08
Cash Retained (M)579.08579.08579.08
(-) Cash Required (M)-394.87-246.80-148.08
(=) Excess Retained (M)184.21332.29431.00
(/) Shares Outstanding (M)868.16868.16868.16
(=) Excess Retained per Share0.210.380.50
LTM Dividend per Share1.611.611.61
(+) Excess Retained per Share0.210.380.50
(=) Adjusted Dividend1.821.992.10
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate5.50%6.50%7.50%
Fair Value$44.44$63.84$97.50
Upside / Downside43.34%105.94%214.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,974.372,102.702,239.382,384.942,539.962,705.052,786.21
Payout Ratio70.67%74.54%78.40%82.27%86.13%90.00%92.50%
Projected Dividends (M)1,395.291,567.271,755.721,962.042,187.772,434.552,577.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,413.731,427.131,440.53
Year 2 PV (M)1,428.571,455.781,483.25
Year 3 PV (M)1,440.051,481.391,523.51
Year 4 PV (M)1,448.421,504.121,561.42
Year 5 PV (M)1,453.901,524.131,597.04
PV of Terminal Value (M)22,569.3523,659.4624,791.29
Equity Value (M)29,754.0331,052.0132,397.03
Shares Outstanding (M)868.16868.16868.16
Fair Value$34.27$35.77$37.32
Upside / Downside10.56%15.38%20.38%

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