Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Com7 Public Company Limited (COM7-R.BK)

Company Dividend Discount ModelIndustry: Specialty RetailSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$41.15 - $118.76$64.52
Multi-Stage$28.39 - $30.97$29.66
Blended Fair Value$47.09
Current Price$25.75
Upside82.87%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS22.70%23.63%0.710.760.510.510.410.250.180.130.080.00
YoY Growth---6.69%49.04%0.12%24.86%60.00%42.86%40.00%66.66%37,497,727.92%-100.00%
Dividend Yield--3.69%3.93%1.67%1.18%1.27%3.27%1.96%1.34%1.43%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,880.19
(-) Cash Dividends Paid (M)2,025.17
(=) Cash Retained (M)1,855.03
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)776.04485.02291.01
Cash Retained (M)1,855.031,855.031,855.03
(-) Cash Required (M)-776.04-485.02-291.01
(=) Excess Retained (M)1,078.991,370.001,564.01
(/) Shares Outstanding (M)2,355.002,355.002,355.00
(=) Excess Retained per Share0.460.580.66
LTM Dividend per Share0.860.860.86
(+) Excess Retained per Share0.460.580.66
(=) Adjusted Dividend1.321.441.52
WACC / Discount Rate8.88%8.88%8.88%
Growth Rate5.50%6.50%7.50%
Fair Value$41.15$64.52$118.76
Upside / Downside59.80%150.58%361.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,880.194,132.414,401.014,687.084,991.745,316.205,475.69
Payout Ratio52.19%59.75%67.32%74.88%82.44%90.00%92.50%
Projected Dividends (M)2,025.172,469.282,962.563,509.544,115.114,784.585,065.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.88%8.88%8.88%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,246.602,267.902,289.19
Year 2 PV (M)2,452.342,499.052,546.20
Year 3 PV (M)2,643.142,719.012,796.33
Year 4 PV (M)2,819.732,928.173,039.70
Year 5 PV (M)2,982.813,126.883,276.47
PV of Terminal Value (M)53,705.1456,299.1258,992.37
Equity Value (M)66,849.7569,840.1272,940.26
Shares Outstanding (M)2,355.002,355.002,355.00
Fair Value$28.39$29.66$30.97
Upside / Downside10.24%15.17%20.28%

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