DDM Analysis: BDMS-R.BK

Valuation Snapshot

Stable Growth	$41.90 - $204.02	$89.68
Multi-Stage	$27.34 - $29.89	$28.59
Blended Fair Value	$59.14
Current Price	$20.80
Upside	184.31%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	9.88%	13.63%	0.70	0.65	0.50	0.80	0.30	0.44	0.35	0.31	0.35	0.22
YoY Growth	-	-	7.50%	30.21%	-37.64%	168.67%	-31.69%	24.07%	12.91%	-11.13%	56.49%	14.99%
Dividend Yield	-	-	3.21%	2.28%	1.69%	3.21%	1.38%	2.31%	1.41%	1.33%	1.65%	0.96%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	16,414.99
(-) Cash Dividends Paid (M)	11,920.80
(=) Cash Retained (M)	4,494.19

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	3,283.00	2,051.87	1,231.12
Cash Retained (M)	4,494.19	4,494.19	4,494.19
(-) Cash Required (M)	-3,283.00	-2,051.87	-1,231.12
(=) Excess Retained (M)	1,211.19	2,442.32	3,263.07
(/) Shares Outstanding (M)	15,892.00	15,892.00	15,892.00
(=) Excess Retained per Share	0.08	0.15	0.21
LTM Dividend per Share	0.75	0.75	0.75
(+) Excess Retained per Share	0.08	0.15	0.21
(=) Adjusted Dividend	0.83	0.90	0.96
WACC / Discount Rate	6.83%	6.83%	6.83%
Growth Rate	4.76%	5.76%	6.76%
Fair Value	$41.90	$89.68	$204.02
Upside / Downside	101.46%	331.16%	880.84%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	16,414.99	17,361.31	18,362.17	19,420.74	20,540.33	21,724.46	22,376.20
Payout Ratio	72.62%	76.10%	79.57%	83.05%	86.52%	90.00%	92.50%
Projected Dividends (M)	11,920.80	13,211.46	14,611.30	16,128.64	17,772.37	19,552.02	20,697.98

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.83%	6.83%	6.83%
Growth Rate	4.76%	5.76%	6.76%
Year 1 PV (M)	12,249.78	12,366.71	12,483.64
Year 2 PV (M)	12,561.58	12,802.53	13,045.77
Year 3 PV (M)	12,856.74	13,228.43	13,607.21
Year 4 PV (M)	13,135.79	13,644.55	14,167.95
Year 5 PV (M)	13,399.24	14,051.05	14,727.99
PV of Terminal Value (M)	370,276.08	388,288.43	406,995.05
Equity Value (M)	434,479.22	454,381.71	475,027.60
Shares Outstanding (M)	15,892.00	15,892.00	15,892.00
Fair Value	$27.34	$28.59	$29.89
Upside / Downside	31.44%	37.46%	43.71%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

Bangkok Dusit Medical Services Public Company Limited (BDMS-R.BK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener