DDM Analysis: TOWR.JK

Valuation Snapshot

Stable Growth	$4,850.37 - $13,276.65	$12,442.16
Multi-Stage	$1,848.36 - $2,023.77	$1,934.45
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	$4,850.37	$12,442.16	$13,276.65
Upside / Downside	729.12%	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)	1,253,401.23	1,265,281.81	1,277,162.39
Year 2 PV (M)	1,687,803.49	1,719,951.40	1,752,402.60
Year 3 PV (M)	2,112,594.93	2,173,239.94	2,235,034.58
Year 4 PV (M)	2,527,933.38	2,625,150.56	2,725,145.17
Year 5 PV (M)	2,933,974.34	3,075,686.40	3,222,822.11
PV of Terminal Value (M)	84,823,413.36	88,920,415.94	93,174,220.45
Equity Value (M)	95,339,120.73	99,779,726.06	104,386,787.31
Shares Outstanding (M)	51,580.41	51,580.41	51,580.41
Fair Value	$1,848.36	$1,934.45	$2,023.77
Upside / Downside	215.96%	230.68%	245.94%

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

Mode

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