Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Asia Medical and Agricultural Laboratory and Research Center Public Company Limited (AMARC.BK)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$26.08 - $72.28$67.73
Multi-Stage$10.13 - $11.08$10.60
Blended Fair Value$39.16
Current Price$3.24
Upside1,108.79%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS75.35%0.00%0.080.100.040.020.010.000.010.000.000.00
YoY Growth---20.91%179.48%100.00%25.00%200.00%-50.00%0.00%0.00%0.00%0.00%
Dividend Yield--6.58%7.08%1.37%0.62%0.49%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)152.64
(-) Cash Dividends Paid (M)58.77
(=) Cash Retained (M)93.87
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)30.5319.0811.45
Cash Retained (M)93.8793.8793.87
(-) Cash Required (M)-30.53-19.08-11.45
(=) Excess Retained (M)63.3474.7982.42
(/) Shares Outstanding (M)420.00420.00420.00
(=) Excess Retained per Share0.150.180.20
LTM Dividend per Share0.140.140.14
(+) Excess Retained per Share0.150.180.20
(=) Adjusted Dividend0.290.320.34
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate5.50%6.50%7.50%
Fair Value$26.08$67.73$72.28
Upside / Downside704.83%1,990.57%2,130.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)152.64162.56173.13184.38196.37209.13215.40
Payout Ratio38.50%48.80%59.10%69.40%79.70%90.00%92.50%
Projected Dividends (M)58.7779.33102.32127.96156.51188.22199.25

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)73.6774.3775.07
Year 2 PV (M)88.2389.9291.61
Year 3 PV (M)102.47105.41108.41
Year 4 PV (M)116.38120.85125.46
Year 5 PV (M)129.97136.25142.76
PV of Terminal Value (M)3,742.513,923.274,110.96
Equity Value (M)4,253.234,450.074,654.26
Shares Outstanding (M)420.00420.00420.00
Fair Value$10.13$10.60$11.08
Upside / Downside212.55%227.02%242.02%

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