Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Yuasa Battery (Thailand) Public Company Limited (YUASA.BK)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$56.89 - $169.19$89.99
Multi-Stage$59.10 - $64.82$61.90
Blended Fair Value$75.95
Current Price$11.70
Upside549.12%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.55%29.95%0.410.350.290.440.350.300.240.190.080.00
YoY Growth--19.08%18.88%-34.01%26.00%16.67%25.00%26.32%137.50%0.00%-100.00%
Dividend Yield--4.00%3.21%2.07%2.85%1.85%3.18%1.60%1.02%0.33%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)245.48
(-) Cash Dividends Paid (M)65.51
(=) Cash Retained (M)179.96
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)49.1030.6818.41
Cash Retained (M)179.96179.96179.96
(-) Cash Required (M)-49.10-30.68-18.41
(=) Excess Retained (M)130.87149.28161.55
(/) Shares Outstanding (M)107.55107.55107.55
(=) Excess Retained per Share1.221.391.50
LTM Dividend per Share0.610.610.61
(+) Excess Retained per Share1.221.391.50
(=) Adjusted Dividend1.832.002.11
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate3.23%4.23%5.23%
Fair Value$56.89$89.99$169.19
Upside / Downside386.25%669.14%1,346.03%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)245.48255.85266.66277.94289.68301.93310.98
Payout Ratio26.69%39.35%52.01%64.68%77.34%90.00%92.50%
Projected Dividends (M)65.51100.68138.70179.76224.03271.73287.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate3.23%4.23%5.23%
Year 1 PV (M)93.5994.5095.41
Year 2 PV (M)119.86122.20124.55
Year 3 PV (M)144.41148.64152.96
Year 4 PV (M)167.31173.89180.66
Year 5 PV (M)188.65197.96207.64
PV of Terminal Value (M)5,641.895,920.526,210.04
Equity Value (M)6,355.716,657.716,971.27
Shares Outstanding (M)107.55107.55107.55
Fair Value$59.10$61.90$64.82
Upside / Downside405.10%429.10%454.02%

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