Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Samudera Shipping Line Ltd (S56.SI)

Company Dividend Discount ModelIndustry: Marine ShippingSector: Industrials

Valuation Snapshot

Stable Growth$4.77 - $16.67$7.87
Multi-Stage$3.26 - $3.56$3.41
Blended Fair Value$5.64
Current Price$0.66
Upside759.20%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS67.93%0.00%0.070.200.150.010.010.010.010.000.010.01
YoY Growth---63.47%36.36%1,174.79%116.52%-2.86%-2.21%57.86%-33.52%-59.46%0.00%
Dividend Yield--11.31%33.06%15.63%2.75%2.83%4.73%4.78%1.95%4.17%8.72%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)91.79
(-) Cash Dividends Paid (M)55.63
(=) Cash Retained (M)36.15
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)18.3611.476.88
Cash Retained (M)36.1536.1536.15
(-) Cash Required (M)-18.36-11.47-6.88
(=) Excess Retained (M)17.8024.6829.27
(/) Shares Outstanding (M)538.04538.04538.04
(=) Excess Retained per Share0.030.050.05
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.030.050.05
(=) Adjusted Dividend0.140.150.16
WACC / Discount Rate8.33%8.33%8.33%
Growth Rate5.31%6.31%7.31%
Fair Value$4.77$7.87$16.67
Upside / Downside626.13%1,099.53%2,440.40%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)91.7997.58103.74110.29117.26124.66128.40
Payout Ratio60.61%66.49%72.37%78.24%84.12%90.00%92.50%
Projected Dividends (M)55.6364.8875.0886.3098.64112.19118.77

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.33%8.33%8.33%
Growth Rate5.31%6.31%7.31%
Year 1 PV (M)59.3359.8960.46
Year 2 PV (M)62.7863.9765.18
Year 3 PV (M)65.9967.8869.82
Year 4 PV (M)68.9771.6374.36
Year 5 PV (M)71.7375.2078.81
PV of Terminal Value (M)1,424.921,493.871,565.46
Equity Value (M)1,753.721,832.451,914.09
Shares Outstanding (M)538.04538.04538.04
Fair Value$3.26$3.41$3.56
Upside / Downside396.58%418.87%441.98%

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