DDM Analysis: TOWR.JK

Valuation Snapshot

Stable Growth	$4,850.48 - $13,276.65	$12,442.16
Multi-Stage	$1,848.37 - $2,023.78	$1,934.47
Blended Fair Value	$7,188.31
Current Price	$585.00
Upside	1,128.77%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-5.36%	0.00%	17.47	23.29	23.31	27.23	22.76	23.01	23.38	19.34	0.00	0.00
YoY Growth	-	-	-24.97%	-0.07%	-14.41%	19.64%	-1.10%	-1.55%	20.89%	0.00%	0.00%	0.00%
Dividend Yield	-	-	3.46%	2.74%	2.52%	2.54%	2.07%	3.41%	3.12%	2.70%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,443,444.00
(-) Cash Dividends Paid (M)	809,228.00
(=) Cash Retained (M)	2,634,216.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	688,688.80	430,430.50	258,258.30
Cash Retained (M)	2,634,216.00	2,634,216.00	2,634,216.00
(-) Cash Required (M)	-688,688.80	-430,430.50	-258,258.30
(=) Excess Retained (M)	1,945,527.20	2,203,785.50	2,375,957.70
(/) Shares Outstanding (M)	51,580.41	51,580.41	51,580.41
(=) Excess Retained per Share	37.72	42.73	46.06
LTM Dividend per Share	15.69	15.69	15.69
(+) Excess Retained per Share	37.72	42.73	46.06
(=) Adjusted Dividend	53.41	58.41	61.75
WACC / Discount Rate	6.66%	6.66%	6.66%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$4,850.48	$12,442.16	$13,276.65
Upside / Downside	729.14%	2,026.87%	2,169.51%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,443,444.00	3,667,267.86	3,905,640.27	4,159,506.89	4,429,874.84	4,717,816.70	4,859,351.20
Payout Ratio	23.50%	36.80%	50.10%	63.40%	76.70%	90.00%	92.50%
Projected Dividends (M)	809,228.00	1,349,570.47	1,956,738.47	2,637,136.38	3,397,718.80	4,246,035.03	4,494,899.86

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.66%	6.66%	6.66%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,253,401.55	1,265,282.13	1,277,162.71
Year 2 PV (M)	1,687,804.35	1,719,952.29	1,752,403.50
Year 3 PV (M)	2,112,596.56	2,173,241.62	2,235,036.31
Year 4 PV (M)	2,527,935.98	2,625,153.26	2,725,147.97
Year 5 PV (M)	2,933,978.11	3,075,690.35	3,222,826.25
PV of Terminal Value (M)	84,824,156.67	88,921,195.15	93,175,036.94
Equity Value (M)	95,339,873.21	99,780,514.79	104,387,613.69
Shares Outstanding (M)	51,580.41	51,580.41	51,580.41
Fair Value	$1,848.37	$1,934.47	$2,023.78
Upside / Downside	215.96%	230.68%	245.95%

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

Ticker

Industry

Sector

PT Sarana Menara Nusantara Tbk. (TOWR.JK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener