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$4.44 - $13.66$7.09
Multi-Stage$3.12 - $3.41$3.26
Blended Fair Value$5.17
Current Price$0.66
Upside688.36%
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 Rate8.55%8.55%8.55%
Growth Rate5.31%6.31%7.31%
Fair Value$4.44$7.09$13.66
Upside / Downside575.98%979.68%1,981.76%

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 Rate8.55%8.55%8.55%
Growth Rate5.31%6.31%7.31%
Year 1 PV (M)59.2159.7760.33
Year 2 PV (M)62.5263.7164.92
Year 3 PV (M)65.5867.4769.39
Year 4 PV (M)68.4071.0473.75
Year 5 PV (M)71.0074.4378.00
PV of Terminal Value (M)1,353.481,418.971,486.97
Equity Value (M)1,680.181,755.381,833.35
Shares Outstanding (M)538.04538.04538.04
Fair Value$3.12$3.26$3.41
Upside / Downside375.75%397.05%419.12%

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