Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Pantai Indah Kapuk Dua Tbk (PANI.JK)

Company Dividend Discount ModelIndustry: Real Estate - DevelopmentSector: Real Estate

Valuation Snapshot

Stable Growth$381.26 - $609.61$484.79
Multi-Stage$1,029.66 - $1,134.74$1,081.16
Blended Fair Value$782.98
Current Price$11,300.00
Upside-93.07%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS0.00%0.00%12.370.000.0029.690.000.000.000.000.000.00
YoY Growth--0.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.12%0.00%0.00%9.83%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)624,902.15
(-) Cash Dividends Paid (M)286,445.89
(=) Cash Retained (M)338,456.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)124,980.4378,112.7746,867.66
Cash Retained (M)338,456.26338,456.26338,456.26
(-) Cash Required (M)-124,980.43-78,112.77-46,867.66
(=) Excess Retained (M)213,475.83260,343.50291,588.60
(/) Shares Outstanding (M)16,840.9316,840.9316,840.93
(=) Excess Retained per Share12.6815.4617.31
LTM Dividend per Share17.0117.0117.01
(+) Excess Retained per Share12.6815.4617.31
(=) Adjusted Dividend29.6832.4734.32
WACC / Discount Rate5.63%5.63%5.63%
Growth Rate-2.00%-1.00%0.00%
Fair Value$381.26$484.79$609.61
Upside / Downside-96.63%-95.71%-94.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)624,902.15618,653.13612,466.60606,341.93600,278.51594,275.73612,104.00
Payout Ratio45.84%54.67%63.50%72.34%81.17%90.00%92.50%
Projected Dividends (M)286,445.89338,222.71388,935.34438,599.91487,232.29534,848.16566,196.20

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.63%5.63%5.63%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)316,960.44320,194.73323,429.02
Year 2 PV (M)341,571.80348,578.21355,655.76
Year 3 PV (M)360,973.59372,136.94383,528.11
Year 4 PV (M)375,790.02391,364.76407,418.68
Year 5 PV (M)386,582.31406,712.55427,672.77
PV of Terminal Value (M)15,558,590.6516,368,762.5717,212,338.41
Equity Value (M)17,340,468.8118,207,749.7619,110,042.76
Shares Outstanding (M)16,840.9316,840.9316,840.93
Fair Value$1,029.66$1,081.16$1,134.74
Upside / Downside-90.89%-90.43%-89.96%

High-Yield Dividend Screener

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