Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Cita Mineral Investindo Tbk (CITA.JK)

Company Dividend Discount ModelIndustry: Industrial MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$5,486.00 - $7,790.71$6,621.69
Multi-Stage$8,737.00 - $9,568.66$9,144.90
Blended Fair Value$7,883.29
Current Price$4,000.00
Upside97.08%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%117.0010.0055.0091.0093.000.000.000.000.000.00
YoY Growth--1,070.00%-81.82%-39.56%-2.15%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.95%0.44%1.51%3.01%3.36%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)3,276,000.15
(-) Cash Dividends Paid (M)1,762,360.76
(=) Cash Retained (M)1,513,639.39
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)655,200.03409,500.02245,700.01
Cash Retained (M)1,513,639.391,513,639.391,513,639.39
(-) Cash Required (M)-655,200.03-409,500.02-245,700.01
(=) Excess Retained (M)858,439.361,104,139.371,267,939.38
(/) Shares Outstanding (M)3,960.363,960.363,960.36
(=) Excess Retained per Share216.76278.80320.16
LTM Dividend per Share445.00445.00445.00
(+) Excess Retained per Share216.76278.80320.16
(=) Adjusted Dividend661.76723.80765.16
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate-2.00%-1.00%0.00%
Fair Value$5,486.00$6,621.69$7,790.71
Upside / Downside37.15%65.54%94.77%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,276,000.153,243,240.153,210,807.753,178,699.673,146,912.673,115,443.543,208,906.85
Payout Ratio53.80%61.04%68.28%75.52%82.76%90.00%92.50%
Projected Dividends (M)1,762,360.761,979,572.952,192,264.652,400,504.572,604,360.472,803,899.192,968,238.84

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)1,784,330.841,802,538.291,820,745.75
Year 2 PV (M)1,781,150.941,817,686.421,854,592.81
Year 3 PV (M)1,757,980.891,812,347.641,867,823.88
Year 4 PV (M)1,719,161.111,790,412.301,863,855.65
Year 5 PV (M)1,668,329.201,755,202.971,845,658.60
PV of Terminal Value (M)25,890,720.0427,238,909.9128,642,686.55
Equity Value (M)34,601,673.0236,217,097.5337,895,363.25
Shares Outstanding (M)3,960.363,960.363,960.36
Fair Value$8,737.00$9,144.90$9,568.66
Upside / Downside118.42%128.62%139.22%

High-Yield Dividend Screener

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