Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dohome Public Company Limited (DOHOME.BK)

Company Dividend Discount ModelIndustry: Home ImprovementSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$16.25 - $39.05$36.60
Multi-Stage$5.59 - $6.12$5.85
Blended Fair Value$21.22
Current Price$3.92
Upside441.45%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-63.78%0.00%0.000.010.020.010.010.740.120.000.000.00
YoY Growth---22.68%-62.48%168.40%-41.66%-98.63%521.84%0.00%0.00%-100.00%0.00%
Dividend Yield--0.08%0.06%0.12%0.03%0.07%23.82%2.69%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)664.40
(-) Cash Dividends Paid (M)17.10
(=) Cash Retained (M)647.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)132.8883.0549.83
Cash Retained (M)647.30647.30647.30
(-) Cash Required (M)-132.88-83.05-49.83
(=) Excess Retained (M)514.42564.25597.47
(/) Shares Outstanding (M)3,383.303,383.303,383.30
(=) Excess Retained per Share0.150.170.18
LTM Dividend per Share0.010.010.01
(+) Excess Retained per Share0.150.170.18
(=) Adjusted Dividend0.160.170.18
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate5.50%6.50%7.50%
Fair Value$16.25$36.60$39.05
Upside / Downside314.44%833.66%896.28%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)664.40707.58753.58802.56854.72910.28937.59
Payout Ratio2.57%20.06%37.54%55.03%72.51%90.00%92.50%
Projected Dividends (M)17.10141.93282.92441.64619.80819.25867.27

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)131.99133.24134.49
Year 2 PV (M)244.69249.35254.05
Year 3 PV (M)355.21365.41375.80
Year 4 PV (M)463.59481.42499.76
Year 5 PV (M)569.87597.39625.97
PV of Terminal Value (M)17,137.3817,965.1218,824.54
Equity Value (M)18,902.7219,791.9220,714.61
Shares Outstanding (M)3,383.303,383.303,383.30
Fair Value$5.59$5.85$6.12
Upside / Downside42.53%49.23%56.19%

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