Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

PT Mitrabara Adiperdana Tbk (MBAP.JK)

Company Dividend Discount ModelIndustry: CoalSector: Energy

Valuation Snapshot

Stable Growth$0.01 - $0.02$0.02
Multi-Stage$0.03 - $0.03$0.03
Blended Fair Value$0.02
Current Price$0.10
Upside-77.79%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-18.61%0.00%0.000.080.110.030.030.010.040.020.010.01
YoY Growth---95.00%-22.71%232.27%12.16%147.97%-71.18%74.42%198.54%28.78%0.00%
Dividend Yield--4.32%38.84%25.25%10.59%15.13%12.06%19.77%9.79%5.32%4.63%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3.42
(-) Cash Dividends Paid (M)2.77
(=) Cash Retained (M)0.65
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.680.430.26
Cash Retained (M)0.650.650.65
(-) Cash Required (M)-0.68-0.43-0.26
(=) Excess Retained (M)-0.040.220.39
(/) Shares Outstanding (M)1,227.271,227.271,227.27
(=) Excess Retained per Share0.000.000.00
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share0.000.000.00
(=) Adjusted Dividend0.000.000.00
WACC / Discount Rate9.84%9.84%9.84%
Growth Rate-5.53%-4.53%-3.53%
Fair Value$0.01$0.02$0.02
Upside / Downside-86.00%-83.45%-81.00%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3.423.263.122.972.842.712.79
Payout Ratio81.05%82.84%84.63%86.42%88.21%90.00%92.50%
Projected Dividends (M)2.772.702.642.572.502.442.58

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.84%9.84%9.84%
Growth Rate-5.53%-4.53%-3.53%
Year 1 PV (M)2.442.462.49
Year 2 PV (M)2.142.192.23
Year 3 PV (M)1.881.942.00
Year 4 PV (M)1.651.721.79
Year 5 PV (M)1.451.531.61
PV of Terminal Value (M)22.4023.6124.87
Equity Value (M)31.9533.4435.00
Shares Outstanding (M)1,227.271,227.271,227.27
Fair Value$0.03$0.03$0.03
Upside / Downside-73.38%-72.14%-70.84%

High-Yield Dividend Screener

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