Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Autopedia Sukses Lestari Tbk (ASLC.JK)

Company Dividend Discount ModelIndustry: Auto - DealershipsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$22.10 - $31.91$26.88
Multi-Stage$35.20 - $38.73$36.93
Blended Fair Value$31.90
Current Price$64.00
Upside-50.15%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS0.00%0.00%0.150.370.000.001.960.000.000.000.000.00
YoY Growth---58.33%0.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.22%0.36%0.00%0.00%0.61%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)39,309.17
(-) Cash Dividends Paid (M)2,800.20
(=) Cash Retained (M)36,508.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,861.834,913.652,948.19
Cash Retained (M)36,508.9736,508.9736,508.97
(-) Cash Required (M)-7,861.83-4,913.65-2,948.19
(=) Excess Retained (M)28,647.1331,595.3233,560.78
(/) Shares Outstanding (M)12,746.3612,746.3612,746.36
(=) Excess Retained per Share2.252.482.63
LTM Dividend per Share0.220.220.22
(+) Excess Retained per Share2.252.482.63
(=) Adjusted Dividend2.472.702.85
WACC / Discount Rate8.94%8.94%8.94%
Growth Rate-2.00%-1.00%0.00%
Fair Value$22.10$26.88$31.91
Upside / Downside-65.47%-58.01%-50.14%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)39,309.1738,916.0838,526.9138,141.6537,760.2337,382.6338,504.11
Payout Ratio7.12%23.70%40.27%56.85%73.42%90.00%92.50%
Projected Dividends (M)2,800.209,222.6515,516.3721,683.3027,725.3433,644.3635,616.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.94%8.94%8.94%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)8,380.318,465.838,551.34
Year 2 PV (M)12,811.4813,074.2713,339.73
Year 3 PV (M)16,268.1816,771.2817,284.66
Year 4 PV (M)18,901.4419,684.8220,492.30
Year 5 PV (M)20,841.7921,927.0723,057.09
PV of Terminal Value (M)371,452.66390,795.06410,934.97
Equity Value (M)448,655.86470,718.33493,660.09
Shares Outstanding (M)12,746.3612,746.3612,746.36
Fair Value$35.20$36.93$38.73
Upside / Downside-45.00%-42.30%-39.49%

High-Yield Dividend Screener

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