DDM Analysis: JPFA.JK

Valuation Snapshot

Stable Growth	$29,944.55 - $57,030.03	$53,445.49
Multi-Stage	$8,978.88 - $9,825.80	$9,394.56
Blended Fair Value	$31,420.03
Current Price	$1,960.00
Upside	1,503.06%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.11%	22.64%	70.43	49.97	62.35	42.05	22.22	54.89	99.41	46.09	20.61	0.00
YoY Growth	-	-	40.95%	-19.86%	48.29%	89.22%	-59.52%	-44.78%	115.70%	123.66%	0.00%	-100.00%
Dividend Yield	-	-	3.50%	4.22%	5.54%	2.55%	1.16%	5.78%	5.63%	3.11%	1.33%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,334,388.00
(-) Cash Dividends Paid (M)	1,632,874.00
(=) Cash Retained (M)	1,701,514.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	666,877.60	416,798.50	250,079.10
Cash Retained (M)	1,701,514.00	1,701,514.00	1,701,514.00
(-) Cash Required (M)	-666,877.60	-416,798.50	-250,079.10
(=) Excess Retained (M)	1,034,636.40	1,284,715.50	1,451,434.90
(/) Shares Outstanding (M)	11,627.67	11,627.67	11,627.67
(=) Excess Retained per Share	88.98	110.49	124.83
LTM Dividend per Share	140.43	140.43	140.43
(+) Excess Retained per Share	88.98	110.49	124.83
(=) Adjusted Dividend	229.41	250.92	265.26
WACC / Discount Rate	6.31%	6.31%	6.31%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$29,944.55	$53,445.49	$57,030.03
Upside / Downside	1,427.78%	2,626.81%	2,809.70%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,334,388.00	3,551,123.22	3,781,946.23	4,027,772.73	4,289,577.96	4,568,400.53	4,705,452.55
Payout Ratio	48.97%	57.18%	65.38%	73.59%	81.79%	90.00%	92.50%
Projected Dividends (M)	1,632,874.00	2,030,410.83	2,472,728.55	2,963,969.09	3,508,623.62	4,111,560.48	4,352,543.60

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.31%	6.31%	6.31%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,891,994.13	1,909,927.73	1,927,861.32
Year 2 PV (M)	2,147,079.73	2,187,975.57	2,229,257.22
Year 3 PV (M)	2,398,177.17	2,467,020.21	2,537,168.31
Year 4 PV (M)	2,645,332.34	2,747,064.35	2,851,702.78
Year 5 PV (M)	2,888,590.67	3,028,110.68	3,172,970.45
PV of Terminal Value (M)	92,432,253.42	96,896,765.82	101,532,145.62
Equity Value (M)	104,403,427.46	109,236,864.37	114,251,105.70
Shares Outstanding (M)	11,627.67	11,627.67	11,627.67
Fair Value	$8,978.88	$9,394.56	$9,825.80
Upside / Downside	358.11%	379.31%	401.32%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 25 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
MDC	M.D.C. Holdings, Inc.	0.86%	$0.54	55.94%
AXP	American Express Company	0.85%	$3.17	20.85%
FOXA	Fox Corporation	0.85%	$0.62	13.96%
LMST	Limestone Bancorp, Inc.	0.85%	$0.20	8.06%
RCL	Royal Caribbean Cruises Ltd.	0.85%	$2.41	16.19%
AZZ	AZZ Inc.	0.84%	$0.92	8.89%
HIBB	Hibbett, Inc.	0.84%	$0.74	9.00%
MAR	Marriott International, Inc.	0.84%	$2.62	27.38%
MORN	Morningstar, Inc.	0.84%	$1.77	20.03%
SGH	SMART Global Holdings, Inc.	0.84%	$0.14	30.96%
URI	United Rentals, Inc.	0.84%	$7.13	18.10%
0HYJ.L	Cintas Corporation	0.83%	$1.54	34.15%
EFX	Equifax Inc.	0.83%	$1.78	33.46%
GM	General Motors Company	0.82%	$0.66	21.22%
KVSA	Khosla Ventures Acquisition Co.	0.81%	$0.09	9.61%
WMT	Walmart Inc.	0.81%	$0.91	31.92%
BMI	Badger Meter, Inc.	0.80%	$1.41	30.10%
FRD	Friedman Industries, Incorporated	0.80%	$0.16	9.82%
ITT	ITT Inc.	0.80%	$1.40	22.66%
MLI	Mueller Industries, Inc.	0.80%	$0.94	13.89%
SSSSL	SuRo Capital Corp. 6.00% Notes due 2026	0.80%	$0.20	8.46%
RGLD	Royal Gold, Inc.	0.79%	$1.75	24.00%
VRSK	Verisk Analytics, Inc.	0.79%	$1.74	26.41%
COF	Capital One Financial Corporation	0.78%	$1.94	87.57%
EE	Excelerate Energy, Inc.	0.78%	$0.22	9.21%
0K36.L	Moody's Corporation	0.77%	$3.82	30.70%
HCI	HCI Group, Inc.	0.77%	$1.42	9.00%
PH	Parker-Hannifin Corporation	0.77%	$6.85	24.15%
SEI	Solaris Energy Infrastructure, Inc.	0.77%	$0.39	44.96%
0HQN.L	Cboe Global Markets, Inc.	0.76%	$1.90	20.31%
ASIC	Ategrity Specialty Holdings LLC	0.76%	$0.15	12.77%
GL	Globe Life Inc.	0.75%	$1.03	7.35%
0KYY.L	S&P Global Inc.	0.74%	$3.81	28.09%
PHM	PulteGroup, Inc.	0.74%	$0.89	6.67%
ROP	Roper Technologies, Inc.	0.74%	$3.20	22.09%
ZWS	Zurn Elkay Water Solutions Corporation	0.74%	$0.35	30.63%
JOE	The St. Joe Company	0.73%	$0.43	24.05%
TOL	Toll Brothers, Inc.	0.73%	$0.99	7.16%
TTEK	Tetra Tech, Inc.	0.73%	$0.25	26.25%
0HCB.L	Alcoa Corporation	0.72%	$0.40	9.08%
A	Agilent Technologies, Inc.	0.72%	$0.99	21.64%
FCFS	FirstCash Holdings, Inc	0.72%	$1.13	16.40%
TRAK	ReposiTrak, Inc.	0.72%	$0.09	22.94%
BKNG	Booking Holdings Inc.	0.71%	$37.78	24.39%
PGC	Peapack-Gladstone Financial Corporation	0.71%	$0.20	10.22%
ASO	Academy Sports and Outdoors, Inc.	0.70%	$0.37	6.63%
BRO	Brown & Brown, Inc.	0.70%	$0.54	18.02%
INTU	Intuit Inc.	0.70%	$4.39	29.97%
MSFT	Microsoft Corporation	0.70%	$3.31	23.52%
NCR	NCR Corporation	0.70%	$0.11	1.70%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Ticker

Industry

Sector

PT Japfa Comfeed Indonesia Tbk (JPFA.JK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener