Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

PT Jasa Marga (Persero) Tbk (JSMR.JK)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$13,852.56 - $42,372.96$22,085.88
Multi-Stage$14,828.59 - $16,255.26$15,528.56
Blended Fair Value$18,807.22
Current Price$3,480.00
Upside440.44%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.17%-2.31%58.5676.480.020.0015.2145.5260.6378.0940.4167.68
YoY Growth---23.44%374,970.27%0.00%-100.00%-66.60%-24.92%-22.36%93.26%-40.29%-8.55%
Dividend Yield--1.47%1.35%0.00%0.00%0.38%1.79%1.03%1.71%0.87%1.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,963,713.00
(-) Cash Dividends Paid (M)1,863,914.00
(=) Cash Retained (M)2,099,799.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)792,742.60495,464.13297,278.48
Cash Retained (M)2,099,799.002,099,799.002,099,799.00
(-) Cash Required (M)-792,742.60-495,464.13-297,278.48
(=) Excess Retained (M)1,307,056.401,604,334.881,802,520.53
(/) Shares Outstanding (M)7,257.877,257.877,257.87
(=) Excess Retained per Share180.09221.05248.35
LTM Dividend per Share256.81256.81256.81
(+) Excess Retained per Share180.09221.05248.35
(=) Adjusted Dividend436.90477.86505.17
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate3.17%4.17%5.17%
Fair Value$13,852.56$22,085.88$42,372.96
Upside / Downside298.06%534.65%1,117.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,963,713.004,128,822.794,300,810.284,479,961.984,666,576.294,860,964.095,006,793.01
Payout Ratio47.02%55.62%64.21%72.81%81.40%90.00%92.50%
Projected Dividends (M)1,863,914.002,296,432.872,761,750.983,261,850.353,798,821.244,374,867.684,631,283.53

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate3.17%4.17%5.17%
Year 1 PV (M)2,137,193.832,157,909.992,178,626.15
Year 2 PV (M)2,392,020.122,438,617.342,485,664.05
Year 3 PV (M)2,629,265.862,706,467.052,785,164.84
Year 4 PV (M)2,849,767.852,961,877.823,077,263.51
Year 5 PV (M)3,054,328.213,205,256.393,362,092.89
PV of Terminal Value (M)94,561,415.6399,234,122.98104,089,751.07
Equity Value (M)107,623,991.51112,704,251.57117,978,562.52
Shares Outstanding (M)7,257.877,257.877,257.87
Fair Value$14,828.59$15,528.56$16,255.26
Upside / Downside326.11%346.22%367.11%

High-Yield Dividend Screener

« Prev Page 19 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
2979.TSOSiLA Logistics REIT, Inc.6.51%$8,225.4581.63%
5135.KLSarawak Plantation Berhad6.51%$0.2057.64%
TOTB.DETotalEnergies SE6.51%$3.6556.75%
0QNK.LWarteck Invest AG6.49%$126.0080.72%
6605.TWDepo Auto Parts Industrial Co., Ltd.6.49%$8.9365.56%
INCLU.BRInclusio S.A.6.49%$1.1617.79%
TUGU.JKPT Asuransi Tugu Pratama Indonesia Tbk6.49%$76.8936.75%
014580.KSTaekyung Bk Co., Ltd6.48%$298.2330.77%
3485.TWOEclat Forever Machinery Co., Ltd.6.48%$8.8769.07%
3933.HKThe United Laboratories International Holdings Limited6.48%$0.7623.13%
JBH.AXJB Hi-Fi Limited6.48%$6.2475.94%
SGLLV.AXRicegrowers Limited6.48%$1.0754.55%
SJOVA.ICSjóvá-Almennar tryggingar hf.6.48%$2.8390.10%
010960.KSSamho Development Co., Ltd.6.47%$239.2128.41%
FIBRAMQ12.MXFIBRA Macquarie México6.47%$2.1939.90%
FWD.AXFleetwood Limited6.47%$0.1894.88%
VLID3.SAValid Soluções S.A.6.46%$1.3644.64%
214320.KSInnocean Worldwide Inc.6.45%$1,180.0956.54%
3481.TMitsubishi Estate Logistics REIT Investment Corporation6.45%$8,568.4374.88%
TMW.BKThai Mitsuwa Public Company Limited6.45%$3.6127.20%
IMPACT.BKImpact Growth Real Estate Investment Trust6.44%$0.6790.64%
1969.HKChina Chunlai Education Group Co., Ltd.6.43%$0.2318.54%
ALICA.PAIcape Holding S.A.6.43%$0.3845.20%
KBANK-R.BKKasikornbank Public Company Limited6.43%$12.5059.49%
KUMWEL.BKKumwell Corporation Public Company Limited6.43%$0.0745.73%
SLL.DESBO AG6.42%$1.7584.82%
TFF.PATFF Group6.42%$1.2330.40%
8958.TGlobal One Real Estate Investment Corp.6.41%$8,838.2459.36%
AALLON.HEAallon Group Oyj6.41%$0.6863.85%
PL8.AXPlato Income Maximiser Limited6.41%$0.0947.21%
PTT-R.BKPTT Public Company Limited6.41%$2.0578.59%
461300.KQi-Scream Media Co. Ltd.6.39%$1,098.5144.35%
FLRY3.SAFleury S.A.6.39%$0.9586.00%
000666.SZJingwei Textile Machinery Company Limited6.38%$0.5740.17%
013870.KSGMB Korea Corp.6.38%$256.3527.15%
2669.HKChina Overseas Property Holdings Limited6.38%$0.2929.88%
NRP.ASNEPI Rockcastle S.A.6.38%$0.4730.96%
2247.TWPan German Universal Motors Ltd.6.37%$17.9678.50%
MSC.BKMetro Systems Corporation Public Company Limited6.37%$0.5073.61%
017800.KSHyundai Elevator Co., Ltd6.36%$5,588.0485.50%
035250.KSKangwon Land, Inc.6.36%$1,169.5764.65%
5108.TBridgestone Corporation6.36%$223.5463.02%
FSHOP13.MXFibra Shop6.36%$0.5814.91%
FTREIT.BKFrasers Property Thailand Industrial Freehold & Leasehold REIT6.36%$0.7582.90%
0RG6.LFlughafen Zürich AG6.35%$11.0051.63%
0ZQ7.LInstone Real Estate Group SE6.35%$0.5079.32%
ENEL.MIEnel S.p.A.6.35%$0.5790.97%
STANLY.BKThai Stanley Electric Public Company Limited6.35%$12.0052.87%
TASCO-R.BKTipco Asphalt Public Company Limited6.35%$0.8788.88%
603279.SSJingjin Equipment Inc.6.34%$1.0799.67%