Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Cita Mineral Investindo Tbk (CITA.JK)

Company Dividend Discount ModelIndustry: Industrial MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$5,337.02 - $7,537.45$6,425.73
Multi-Stage$8,323.01 - $9,111.25$8,709.63
Blended Fair Value$7,567.68
Current Price$4,000.00
Upside89.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%117.0010.0055.0091.0093.000.000.000.000.000.00
YoY Growth--1,070.00%-81.82%-39.56%-2.15%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.95%0.44%1.51%3.01%3.36%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)3,276,000.15
(-) Cash Dividends Paid (M)1,762,360.76
(=) Cash Retained (M)1,513,639.39
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)655,200.03409,500.02245,700.01
Cash Retained (M)1,513,639.391,513,639.391,513,639.39
(-) Cash Required (M)-655,200.03-409,500.02-245,700.01
(=) Excess Retained (M)858,439.361,104,139.371,267,939.38
(/) Shares Outstanding (M)3,960.363,960.363,960.36
(=) Excess Retained per Share216.76278.80320.16
LTM Dividend per Share445.00445.00445.00
(+) Excess Retained per Share216.76278.80320.16
(=) Adjusted Dividend661.76723.80765.16
WACC / Discount Rate10.15%10.15%10.15%
Growth Rate-2.00%-1.00%0.00%
Fair Value$5,337.02$6,425.73$7,537.45
Upside / Downside33.43%60.64%88.44%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,276,000.153,243,240.153,210,807.753,178,699.673,146,912.673,115,443.543,208,906.85
Payout Ratio53.80%61.04%68.28%75.52%82.76%90.00%92.50%
Projected Dividends (M)1,762,360.761,979,572.952,192,264.652,400,504.572,604,360.472,803,899.192,968,238.84

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.15%10.15%10.15%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)1,778,985.201,797,138.111,815,291.02
Year 2 PV (M)1,770,494.711,806,811.601,843,497.20
Year 3 PV (M)1,742,228.101,796,107.681,851,086.81
Year 4 PV (M)1,698,651.931,769,053.111,841,620.30
Year 5 PV (M)1,643,487.951,729,068.181,818,176.94
PV of Terminal Value (M)24,328,278.2225,595,108.1126,914,170.25
Equity Value (M)32,962,126.1034,493,286.8036,083,842.52
Shares Outstanding (M)3,960.363,960.363,960.36
Fair Value$8,323.01$8,709.63$9,111.25
Upside / Downside108.08%117.74%127.78%

High-Yield Dividend Screener

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