DDM Analysis: MREI.JK

Valuation Snapshot

Stable Growth	$869.16 - $1,187.71	$1,030.81
Multi-Stage	$3,924.54 - $4,366.33	$4,140.67
Blended Fair Value	$2,585.74
Current Price	$925.00
Upside	179.54%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-23.01%	-7.61%	13.45	13.45	0.00	49.62	49.67	49.74	54.64	41.10	34.92	29.73
YoY Growth	-	-	0.00%	0.00%	-100.00%	-0.09%	-0.14%	-8.97%	32.95%	17.70%	17.45%	0.18%
Dividend Yield	-	-	1.78%	0.90%	0.00%	1.54%	0.99%	0.94%	0.85%	0.85%	0.92%	0.40%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	92,098.98
(-) Cash Dividends Paid (M)	7,022.65
(=) Cash Retained (M)	85,076.32

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	18,419.80	11,512.37	6,907.42
Cash Retained (M)	85,076.32	85,076.32	85,076.32
(-) Cash Required (M)	-18,419.80	-11,512.37	-6,907.42
(=) Excess Retained (M)	66,656.53	73,563.95	78,168.90
(/) Shares Outstanding (M)	517.79	517.79	517.79
(=) Excess Retained per Share	128.73	142.07	150.97
LTM Dividend per Share	13.56	13.56	13.56
(+) Excess Retained per Share	128.73	142.07	150.97
(=) Adjusted Dividend	142.29	155.64	164.53
WACC / Discount Rate	5.19%	5.19%	5.19%
Growth Rate	-9.61%	-8.61%	-7.61%
Fair Value	$869.16	$1,030.81	$1,187.71
Upside / Downside	-6.04%	11.44%	28.40%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	92,098.98	84,171.57	76,926.51	70,305.06	64,253.56	58,722.94	60,484.63
Payout Ratio	7.63%	24.10%	40.58%	57.05%	73.53%	90.00%	92.50%
Projected Dividends (M)	7,022.65	20,285.43	31,212.98	40,109.07	47,242.44	52,850.65	55,948.28

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.19%	5.19%	5.19%
Growth Rate	-9.61%	-8.61%	-7.61%
Year 1 PV (M)	19,073.32	19,284.33	19,495.34
Year 2 PV (M)	27,594.33	28,208.25	28,828.92
Year 3 PV (M)	33,340.29	34,459.10	35,602.65
Year 4 PV (M)	36,923.38	38,584.60	40,301.27
Year 5 PV (M)	38,838.43	41,034.81	43,329.45
PV of Terminal Value (M)	1,876,324.76	1,982,434.31	2,093,291.01
Equity Value (M)	2,032,094.51	2,144,005.40	2,260,848.65
Shares Outstanding (M)	517.79	517.79	517.79
Fair Value	$3,924.54	$4,140.67	$4,366.33
Upside / Downside	324.27%	347.64%	372.04%

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

Mode

Ticker

Industry

Sector

PT Maskapai Reasuransi Indonesia Tbk (MREI.JK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener