Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Anabatic Technologies Tbk (ATIC.JK)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$2,437.82 - $11,378.59$4,298.38
Multi-Stage$1,594.20 - $1,742.31$1,666.90
Blended Fair Value$2,982.64
Current Price$394.00
Upside657.02%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.000.000.007.4546.4710.844.747.226.95
YoY Growth--0.00%0.00%0.00%-100.00%-83.98%328.73%128.76%-34.37%3.90%0.00%
Dividend Yield--0.00%0.00%0.00%0.00%1.05%6.45%1.24%0.64%1.00%1.14%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)214,666.57
(-) Cash Dividends Paid (M)96,150.38
(=) Cash Retained (M)118,516.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)42,933.3126,833.3216,099.99
Cash Retained (M)118,516.18118,516.18118,516.18
(-) Cash Required (M)-42,933.31-26,833.32-16,099.99
(=) Excess Retained (M)75,582.8791,682.86102,416.19
(/) Shares Outstanding (M)2,769.922,769.922,769.92
(=) Excess Retained per Share27.2933.1036.97
LTM Dividend per Share34.7134.7134.71
(+) Excess Retained per Share27.2933.1036.97
(=) Adjusted Dividend62.0067.8171.69
WACC / Discount Rate7.87%7.87%7.87%
Growth Rate5.19%6.19%7.19%
Fair Value$2,437.82$4,298.38$11,378.59
Upside / Downside518.74%990.96%2,787.97%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)214,666.57227,964.66242,086.54257,083.24273,008.95289,921.22298,618.85
Payout Ratio44.79%53.83%62.87%71.92%80.96%90.00%92.50%
Projected Dividends (M)96,150.38122,718.98152,210.32184,884.57221,022.90260,929.10276,222.44

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.87%7.87%7.87%
Growth Rate5.19%6.19%7.19%
Year 1 PV (M)112,694.22113,765.51114,836.80
Year 2 PV (M)128,358.29130,810.28133,285.47
Year 3 PV (M)143,176.05147,298.16151,498.63
Year 4 PV (M)157,179.85163,242.33169,478.52
Year 5 PV (M)170,400.95178,655.72187,227.34
PV of Terminal Value (M)3,703,989.703,883,422.764,069,743.26
Equity Value (M)4,415,799.054,617,194.764,826,070.03
Shares Outstanding (M)2,769.922,769.922,769.92
Fair Value$1,594.20$1,666.90$1,742.31
Upside / Downside304.62%323.07%342.21%

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