Definitive Analysis
Definitive Analysis

Financial Statements

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Industry

Sector

Limak Dogu Anadolu Cimento Sny Ve Tcr AS (LMKDC.IS)

Company Dividend Discount ModelIndustry: Construction MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$36.84 - $57.23$46.27
Multi-Stage$84.45 - $93.05$88.66
Blended Fair Value$67.46
Current Price$26.98
Upside150.05%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth---100.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.01%0.00%0.00%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)2,016.45
(-) Cash Dividends Paid (M)562.54
(=) Cash Retained (M)1,453.91
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)403.29252.06151.23
Cash Retained (M)1,453.911,453.911,453.91
(-) Cash Required (M)-403.29-252.06-151.23
(=) Excess Retained (M)1,050.621,201.861,302.68
(/) Shares Outstanding (M)516.03516.03516.03
(=) Excess Retained per Share2.042.332.52
LTM Dividend per Share1.091.091.09
(+) Excess Retained per Share2.042.332.52
(=) Adjusted Dividend3.133.423.61
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-2.00%-1.00%0.00%
Fair Value$36.84$46.27$57.23
Upside / Downside36.55%71.49%112.12%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,016.451,996.291,976.321,956.561,936.991,917.621,975.15
Payout Ratio27.90%40.32%52.74%65.16%77.58%90.00%92.50%
Projected Dividends (M)562.54804.861,042.281,274.871,502.711,725.861,827.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)749.40757.05764.69
Year 2 PV (M)903.59922.12940.84
Year 3 PV (M)1,029.071,060.891,093.37
Year 4 PV (M)1,129.391,176.201,224.45
Year 5 PV (M)1,207.731,270.621,336.10
PV of Terminal Value (M)38,557.0340,564.7842,655.32
Equity Value (M)43,576.2145,751.6648,014.77
Shares Outstanding (M)516.03516.03516.03
Fair Value$84.45$88.66$93.05
Upside / Downside212.99%228.62%244.87%

High-Yield Dividend Screener

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