Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Forth Smart Service Public Company Limited (FSMART.BK)

Company Dividend Discount ModelIndustry: Telecommunications ServicesSector: Communication Services

Valuation Snapshot

Stable Growth$3.40 - $4.62$4.02
Multi-Stage$10.02 - $11.10$10.55
Blended Fair Value$7.29
Current Price$5.70
Upside27.82%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-9.16%0.00%0.410.340.400.560.650.660.630.530.340.35
YoY Growth--20.59%-15.00%-28.57%-13.67%-2.14%5.33%18.49%56.25%-3.03%0.00%
Dividend Yield--7.04%5.33%3.87%3.64%7.18%12.00%8.89%4.90%1.85%2.71%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)543.70
(-) Cash Dividends Paid (M)173.22
(=) Cash Retained (M)370.48
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)108.7467.9640.78
Cash Retained (M)370.48370.48370.48
(-) Cash Required (M)-108.74-67.96-40.78
(=) Excess Retained (M)261.74302.52329.70
(/) Shares Outstanding (M)756.51756.51756.51
(=) Excess Retained per Share0.350.400.44
LTM Dividend per Share0.230.230.23
(+) Excess Retained per Share0.350.400.44
(=) Adjusted Dividend0.570.630.66
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate-8.76%-7.76%-6.76%
Fair Value$3.40$4.02$4.62
Upside / Downside-40.33%-29.44%-18.99%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)543.70501.50462.58426.68393.56363.01373.90
Payout Ratio31.86%43.49%55.12%66.74%78.37%90.00%92.50%
Projected Dividends (M)173.22218.09254.95284.78308.44326.71345.86

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate-8.76%-7.76%-6.76%
Year 1 PV (M)202.26204.47206.69
Year 2 PV (M)219.27224.10228.99
Year 3 PV (M)227.13234.69242.40
Year 4 PV (M)228.14238.31248.81
Year 5 PV (M)224.11236.66249.77
PV of Terminal Value (M)6,479.386,842.337,221.36
Equity Value (M)7,580.297,980.568,398.02
Shares Outstanding (M)756.51756.51756.51
Fair Value$10.02$10.55$11.10
Upside / Downside75.79%85.07%94.75%

High-Yield Dividend Screener

« Prev Page 11 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
THFFFirst Financial Corporation3.32%$1.9831.67%
IRDMIridium Communications Inc.3.31%$0.5949.66%
PDCOPatterson Companies, Inc.3.31%$1.0466.64%
0HRZ.LCoterra Energy Inc.3.30%$0.8840.64%
ACIAlbertsons Companies, Inc.3.30%$0.5733.33%
KDPKeurig Dr Pepper Inc.3.30%$0.9278.89%
SPBSpectrum Brands Holdings, Inc.3.30%$1.9848.25%
0IUX.LGenuine Parts Company3.29%$4.0569.77%
BGBunge Global S.A.3.29%$3.0531.37%
HDGCXThe Hartford Dividend and Growth Fund Class C3.29%$1.0820.58%
PSBDPalmer Square Capital BDC Inc.3.29%$0.4090.32%
LIENChicago Atlantic BDC, Inc.3.28%$0.3423.50%
REXRRexford Industrial Realty, Inc.3.28%$1.2890.14%
CVCYCentral Valley Community Bancorp3.27%$0.5832.80%
F-PDFord Motor Company 6.500% Notes3.27%$0.7463.45%
FSBWFS Bancorp, Inc.3.27%$1.3331.78%
TRNOTerreno Realty Corporation3.27%$1.9362.02%
0I1P.LComerica Incorporated3.26%$2.8252.30%
ALEXAlexander & Baldwin, Inc.3.26%$0.6766.95%
BRXBrixmor Property Group Inc.3.26%$0.8578.30%
AGM-PCFederal Agricultural Mortgage Corporation3.24%$7.8539.89%
HTOH2O America3.24%$1.6052.08%
WECWEC Energy Group, Inc.3.24%$3.4566.21%
XOMExxon Mobil Corporation3.24%$3.9857.54%
SCLStepan Company3.22%$1.5276.82%
HBTHBT Financial, Inc.3.21%$0.8333.20%
KALUKaiser Aluminum Corporation3.21%$3.8670.13%
SMPStandard Motor Products, Inc.3.20%$1.1838.74%
0QZA.LConocoPhillips3.19%$3.0943.65%
PAGPenske Automotive Group, Inc.3.18%$5.0435.22%
CRBGCorebridge Financial, Inc.3.17%$0.9652.57%
EDConsolidated Edison, Inc.3.17%$3.1756.36%
LARKLandmark Bancorp, Inc.3.17%$0.8238.75%
NBPU.LNB Private Equity Partners Limited3.17%$0.6770.20%
PFBCPreferred Bank3.16%$3.0329.67%
HNIHNI Corporation3.15%$1.3444.63%
RBBRBB Bancorp3.15%$0.6443.45%
FGF&G Annuities & Life, Inc.3.14%$0.9428.23%
NBHCNational Bank Holdings Corporation3.14%$1.1937.27%
0KZA.LSM Energy Company3.13%$0.609.44%
CBUCommunity Bank System, Inc.3.13%$1.8246.85%
DTEDTE Energy Company3.13%$4.0887.19%
RNSTRenasant Corporation3.13%$1.1148.14%
BSRRSierra Bancorp3.11%$1.0134.68%
FCFFirst Commonwealth Financial Corporation3.11%$0.5238.19%
PNCThe PNC Financial Services Group, Inc.3.11%$6.5739.89%
PRKPark National Corporation3.11%$4.8044.20%
GEFGreif, Inc.3.10%$2.1212.04%
0QAH.LMerck & Co., Inc.3.09%$3.2542.60%
BANRBanner Corporation3.09%$1.9335.15%