Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Lagenda Properties Berhad (7179.KL)

Company Dividend Discount ModelIndustry: Residential ConstructionSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$7.70 - $31.66$19.92
Multi-Stage$3.79 - $4.15$3.96
Blended Fair Value$11.94
Current Price$1.19
Upside903.66%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.050.050.050.050.000.000.000.000.000.00
YoY Growth---12.62%-0.06%18.23%1,010.03%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.83%3.56%4.19%3.18%0.27%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)180.72
(-) Cash Dividends Paid (M)54.43
(=) Cash Retained (M)126.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)36.1422.5913.55
Cash Retained (M)126.30126.30126.30
(-) Cash Required (M)-36.14-22.59-13.55
(=) Excess Retained (M)90.15103.71112.74
(/) Shares Outstanding (M)1,135.401,135.401,135.40
(=) Excess Retained per Share0.080.090.10
LTM Dividend per Share0.050.050.05
(+) Excess Retained per Share0.080.090.10
(=) Adjusted Dividend0.130.140.15
WACC / Discount Rate7.24%7.24%7.24%
Growth Rate5.50%6.50%7.50%
Fair Value$7.70$19.92$31.66
Upside / Downside547.13%1,574.20%2,560.12%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)180.72192.47204.98218.31232.50247.61255.04
Payout Ratio30.12%42.09%54.07%66.05%78.02%90.00%92.50%
Projected Dividends (M)54.4381.02110.83144.18181.40222.85235.91

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.24%7.24%7.24%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)74.8375.5476.25
Year 2 PV (M)94.5696.3698.18
Year 3 PV (M)113.63116.89120.22
Year 4 PV (M)132.05137.13142.35
Year 5 PV (M)149.85157.08164.60
PV of Terminal Value (M)3,737.273,917.784,105.20
Equity Value (M)4,302.194,500.794,706.80
Shares Outstanding (M)1,135.401,135.401,135.40
Fair Value$3.79$3.96$4.15
Upside / Downside218.42%233.12%248.36%

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