Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Wira Global Solusi Tbk (WGSH.JK)

Company Dividend Discount ModelIndustry: Software - InfrastructureSector: Technology

Valuation Snapshot

Stable Growth$67.75 - $100.74$83.48
Multi-Stage$130.67 - $143.48$136.95
Blended Fair Value$110.22
Current Price$174.00
Upside-36.66%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%1.004.001.000.000.000.000.000.000.000.00
YoY Growth---75.00%300.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.12%4.30%0.69%0.00%0.00%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)8,725.43
(-) Cash Dividends Paid (M)5,212.50
(=) Cash Retained (M)3,512.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,745.091,090.68654.41
Cash Retained (M)3,512.933,512.933,512.93
(-) Cash Required (M)-1,745.09-1,090.68-654.41
(=) Excess Retained (M)1,767.852,422.252,858.52
(/) Shares Outstanding (M)1,042.501,042.501,042.50
(=) Excess Retained per Share1.702.322.74
LTM Dividend per Share5.005.005.00
(+) Excess Retained per Share1.702.322.74
(=) Adjusted Dividend6.707.327.74
WACC / Discount Rate7.69%7.69%7.69%
Growth Rate-2.00%-1.00%0.00%
Fair Value$67.75$83.48$100.74
Upside / Downside-61.06%-52.02%-42.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,725.438,638.188,551.808,466.288,381.618,297.808,546.73
Payout Ratio59.74%65.79%71.84%77.90%83.95%90.00%92.50%
Projected Dividends (M)5,212.505,683.176,143.916,594.867,036.187,468.027,905.73

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.69%7.69%7.69%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)5,224.275,277.575,330.88
Year 2 PV (M)5,191.755,298.245,405.82
Year 3 PV (M)5,122.825,281.255,442.91
Year 4 PV (M)5,024.305,232.535,447.17
Year 5 PV (M)4,902.055,157.315,423.10
PV of Terminal Value (M)110,758.70116,526.17122,531.43
Equity Value (M)136,223.89142,773.08149,581.31
Shares Outstanding (M)1,042.501,042.501,042.50
Fair Value$130.67$136.95$143.48
Upside / Downside-24.90%-21.29%-17.54%

High-Yield Dividend Screener

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