DDM Analysis: BNII.JK

Valuation Snapshot

Stable Growth	$172.41 - $259.14	$213.44
Multi-Stage	$357.18 - $393.31	$374.89
Blended Fair Value	$294.17
Current Price	$202.00
Upside	45.63%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	9.26%	0.00%	10.29	7.72	6.47	3.32	4.83	6.61	4.73	5.11	0.00	0.00
YoY Growth	-	-	33.33%	19.24%	94.85%	-31.27%	-26.87%	39.66%	-7.38%	0.00%	0.00%	0.00%
Dividend Yield	-	-	5.42%	3.04%	2.81%	1.09%	1.34%	4.79%	1.75%	1.88%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,563,233.00
(-) Cash Dividends Paid (M)	446,335.00
(=) Cash Retained (M)	1,116,898.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	312,646.60	195,404.13	117,242.48
Cash Retained (M)	1,116,898.00	1,116,898.00	1,116,898.00
(-) Cash Required (M)	-312,646.60	-195,404.13	-117,242.48
(=) Excess Retained (M)	804,251.40	921,493.88	999,655.53
(/) Shares Outstanding (M)	76,215.20	76,215.20	76,215.20
(=) Excess Retained per Share	10.55	12.09	13.12
LTM Dividend per Share	5.86	5.86	5.86
(+) Excess Retained per Share	10.55	12.09	13.12
(=) Adjusted Dividend	16.41	17.95	18.97
WACC / Discount Rate	7.03%	7.03%	7.03%
Growth Rate	-2.27%	-1.27%	-0.27%
Fair Value	$172.41	$213.44	$259.14
Upside / Downside	-14.65%	5.67%	28.29%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,563,233.00	1,543,423.83	1,523,865.68	1,504,555.37	1,485,489.76	1,466,665.75	1,510,665.72
Payout Ratio	28.55%	40.84%	53.13%	65.42%	77.71%	90.00%	92.50%
Projected Dividends (M)	446,335.00	630,359.55	809,648.54	984,292.44	1,154,380.17	1,319,999.18	1,397,365.80

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.03%	7.03%	7.03%
Growth Rate	-2.27%	-1.27%	-0.27%
Year 1 PV (M)	582,966.24	588,931.14	594,896.03
Year 2 PV (M)	692,479.10	706,722.46	721,110.82
Year 3 PV (M)	778,555.09	802,698.93	827,336.83
Year 4 PV (M)	844,440.64	879,535.90	915,713.90
Year 5 PV (M)	892,994.93	939,624.97	988,182.92
PV of Terminal Value (M)	23,431,211.09	24,654,732.56	25,928,839.95
Equity Value (M)	27,222,647.08	28,572,245.96	29,976,080.44
Shares Outstanding (M)	76,215.20	76,215.20	76,215.20
Fair Value	$357.18	$374.89	$393.31
Upside / Downside	76.82%	85.59%	94.71%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 21 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
GATX	GATX Corporation	1.45%	$2.47	28.36%
SF	Stifel Financial Corp.	1.45%	$1.86	30.82%
0HFN.L	Analog Devices, Inc.	1.44%	$3.90	84.88%
HAYN	Haynes International, Inc.	1.44%	$0.88	30.16%
0I58.L	Cummins Inc.	1.43%	$7.42	38.53%
0HRJ.L	CSX Corporation	1.42%	$0.51	33.32%
OLED	Universal Display Corporation	1.42%	$1.73	37.24%
BBW	Build-A-Bear Workshop, Inc.	1.41%	$0.86	19.50%
LBC	Luther Burbank Corporation	1.41%	$0.13	17.07%
SNDR	Schneider National, Inc.	1.41%	$0.38	58.72%
0R13.L	Church & Dwight Co., Inc.	1.40%	$1.16	36.55%
COHN	Cohen & Company Inc.	1.40%	$0.35	48.05%
HLI	Houlihan Lokey, Inc.	1.40%	$2.48	39.81%
PATK	Patrick Industries, Inc.	1.40%	$1.54	44.05%
CXT	Crane NXT, Co.	1.39%	$0.66	24.82%
ESBA	Empire State Realty OP, L.P.	1.39%	$0.09	49.94%
MMS	Maximus, Inc.	1.39%	$1.21	21.54%
WYNN	Wynn Resorts, Limited	1.39%	$1.70	34.98%
ATEN	A10 Networks, Inc.	1.38%	$0.24	34.61%
HYAC	Haymaker Acquisition Corp. III	1.38%	$0.16	37.41%
ISTR	Investar Holding Corporation	1.38%	$0.36	18.11%
MCY	Mercury General Corporation	1.38%	$1.27	16.00%
ACU	Acme United Corporation	1.37%	$0.55	28.31%
DE	Deere & Company	1.36%	$6.34	34.22%
HYAC-UN	Haymaker Acquisition Corp. 4	1.36%	$0.16	37.41%
RTX	RTX Corporation	1.36%	$2.56	52.52%
0HIN.L	Assurant, Inc.	1.35%	$3.22	19.47%
AL	Air Lease Corporation	1.35%	$0.86	9.51%
BGCP	BGC Partners, Inc.	1.34%	$0.06	11.88%
ESRT	Empire State Realty Trust, Inc.	1.34%	$0.09	49.94%
HUM	Humana Inc.	1.34%	$3.55	33.23%
ZEUS	Olympic Steel, Inc.	1.34%	$0.59	50.16%
0K9L.L	Nucor Corporation	1.33%	$2.22	31.04%
BY	Byline Bancorp, Inc.	1.33%	$0.39	13.97%
LPX	Louisiana-Pacific Corporation	1.33%	$1.09	35.19%
OPOF	Old Point Financial Corporation	1.33%	$0.56	32.91%
WSM	Williams-Sonoma, Inc.	1.33%	$2.50	27.85%
RUSHA	Rush Enterprises, Inc.	1.32%	$0.71	21.15%
VLEOX	Value Line Small Cap Opportunities Fund, Inc. Investor Class	1.32%	$0.79	56.29%
0IW7.L	Global Payments Inc.	1.31%	$1.01	13.82%
APO	Apollo Global Management, Inc.	1.31%	$1.92	27.59%
EMP	Entergy Mississippi, Inc. 1M BD 66	1.31%	$0.27	6.72%
NDSN	Nordson Corporation	1.31%	$3.15	36.67%
ROK	Rockwell Automation, Inc.	1.31%	$5.23	68.01%
UMBF	UMB Financial Corporation	1.31%	$1.52	18.87%
0L3I.L	The Charles Schwab Corporation	1.30%	$1.29	28.42%
0R2X.L	Corning Incorporated	1.30%	$1.15	72.69%
EBAY	eBay Inc.	1.30%	$1.13	24.20%
GGG	Graco Inc.	1.30%	$1.07	36.31%
HES	Hess Corporation	1.30%	$1.94	26.90%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

PT Bank Maybank Indonesia Tbk (BNII.JK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener