Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

The Klinique Medical Clinic Public Company Limited (KLINIQ.BK)

Company Dividend Discount ModelIndustry: Personal Products & ServicesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$37.42 - $97.91$56.98
Multi-Stage$27.72 - $30.18$28.93
Blended Fair Value$42.95
Current Price$27.00
Upside59.09%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201620152014
DPS0.00%0.00%1.411.060.700.371.370.000.000.140.000.00
YoY Growth--33.33%50.78%91.50%-73.26%0.00%0.00%-100.00%0.00%0.00%0.00%
Dividend Yield--4.87%2.67%1.71%1.50%5.60%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)351.56
(-) Cash Dividends Paid (M)319.00
(=) Cash Retained (M)32.56
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)70.3143.9426.37
Cash Retained (M)32.5632.5632.56
(-) Cash Required (M)-70.31-43.94-26.37
(=) Excess Retained (M)-37.75-11.396.19
(/) Shares Outstanding (M)217.91217.91217.91
(=) Excess Retained per Share-0.17-0.050.03
LTM Dividend per Share1.461.461.46
(+) Excess Retained per Share-0.17-0.050.03
(=) Adjusted Dividend1.291.411.49
WACC / Discount Rate9.14%9.14%9.14%
Growth Rate5.50%6.50%7.50%
Fair Value$37.42$56.98$97.91
Upside / Downside38.60%111.03%262.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)351.56374.41398.75424.67452.27481.67496.12
Payout Ratio90.74%90.59%90.44%90.30%90.15%90.00%92.50%
Projected Dividends (M)319.00339.18360.64383.45407.71433.50458.91

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.14%9.14%9.14%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)307.86310.78313.70
Year 2 PV (M)297.11302.77308.49
Year 3 PV (M)286.74294.97303.36
Year 4 PV (M)276.73287.37298.31
Year 5 PV (M)267.06279.96293.35
PV of Terminal Value (M)4,605.554,828.005,058.96
Equity Value (M)6,041.056,303.856,576.17
Shares Outstanding (M)217.91217.91217.91
Fair Value$27.72$28.93$30.18
Upside / Downside2.68%7.14%11.77%

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