Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Wira Global Solusi Tbk (WGSH.JK)

Company Dividend Discount ModelIndustry: Software - InfrastructureSector: Technology

Valuation Snapshot

Stable Growth$67.75 - $100.73$83.47
Multi-Stage$130.66 - $143.47$136.94
Blended Fair Value$110.21
Current Price$174.00
Upside-36.66%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%1.004.001.000.000.000.000.000.000.000.00
YoY Growth---75.00%300.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.12%4.30%0.69%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)8,725.43
(-) Cash Dividends Paid (M)5,212.50
(=) Cash Retained (M)3,512.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,745.091,090.68654.41
Cash Retained (M)3,512.933,512.933,512.93
(-) Cash Required (M)-1,745.09-1,090.68-654.41
(=) Excess Retained (M)1,767.852,422.252,858.52
(/) Shares Outstanding (M)1,042.501,042.501,042.50
(=) Excess Retained per Share1.702.322.74
LTM Dividend per Share5.005.005.00
(+) Excess Retained per Share1.702.322.74
(=) Adjusted Dividend6.707.327.74
WACC / Discount Rate7.69%7.69%7.69%
Growth Rate-2.00%-1.00%0.00%
Fair Value$67.75$83.47$100.73
Upside / Downside-61.06%-52.03%-42.11%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,725.438,638.188,551.808,466.288,381.618,297.808,546.73
Payout Ratio59.74%65.79%71.84%77.90%83.95%90.00%92.50%
Projected Dividends (M)5,212.505,683.176,143.916,594.867,036.187,468.027,905.73

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.69%7.69%7.69%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)5,224.255,277.565,330.86
Year 2 PV (M)5,191.715,298.215,405.78
Year 3 PV (M)5,122.775,281.195,442.85
Year 4 PV (M)5,024.225,232.455,447.09
Year 5 PV (M)4,901.965,157.225,423.00
PV of Terminal Value (M)110,747.21116,514.07122,518.71
Equity Value (M)136,212.12142,760.69149,568.29
Shares Outstanding (M)1,042.501,042.501,042.50
Fair Value$130.66$136.94$143.47
Upside / Downside-24.91%-21.30%-17.55%

High-Yield Dividend Screener

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