Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Pylon Public Company Limited (PYLON.BK)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$1.14 - $1.87$1.47
Multi-Stage$7.56 - $8.40$7.97
Blended Fair Value$4.72
Current Price$1.98
Upside138.46%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.96%2.33%0.140.150.060.140.270.100.140.170.390.24
YoY Growth---6.67%150.00%-57.14%-48.15%170.00%-31.03%-17.14%-55.12%61.53%117.05%
Dividend Yield--7.65%6.30%1.42%2.87%5.87%3.23%2.32%2.38%6.34%4.47%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)83.02
(-) Cash Dividends Paid (M)29.99
(=) Cash Retained (M)53.02
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)16.6010.386.23
Cash Retained (M)53.0253.0253.02
(-) Cash Required (M)-16.60-10.38-6.23
(=) Excess Retained (M)36.4242.6446.79
(/) Shares Outstanding (M)749.87749.87749.87
(=) Excess Retained per Share0.050.060.06
LTM Dividend per Share0.040.040.04
(+) Excess Retained per Share0.050.060.06
(=) Adjusted Dividend0.090.100.10
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate-7.06%-6.06%-5.06%
Fair Value$1.14$1.47$1.87
Upside / Downside-42.20%-25.78%-5.43%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)83.0277.9873.2568.8164.6460.7262.54
Payout Ratio36.13%46.91%57.68%68.45%79.23%90.00%92.50%
Projected Dividends (M)29.9936.5842.2547.1051.2154.6557.85

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate-7.06%-6.06%-5.06%
Year 1 PV (M)36.1436.5336.92
Year 2 PV (M)41.2542.1443.05
Year 3 PV (M)45.4446.9248.44
Year 4 PV (M)48.8150.9553.15
Year 5 PV (M)51.4754.3057.25
PV of Terminal Value (M)5,448.605,748.116,060.64
Equity Value (M)5,671.715,978.956,299.45
Shares Outstanding (M)749.87749.87749.87
Fair Value$7.56$7.97$8.40
Upside / Downside282.00%302.69%324.28%

High-Yield Dividend Screener

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