Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Sime Darby Berhad (SIME.KL)

Company Dividend Discount ModelIndustry: Industrial - DistributionSector: Industrials

Valuation Snapshot

Stable Growth$26.14 - $61.65$57.78
Multi-Stage$9.13 - $9.99$9.55
Blended Fair Value$33.67
Current Price$2.13
Upside1,480.54%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS9.28%0.84%0.140.140.100.120.090.090.060.190.110.11
YoY Growth--3.58%28.81%-12.38%33.33%0.00%50.00%-68.42%74.83%-0.14%-15.65%
Dividend Yield--6.57%6.34%4.92%5.59%3.96%3.61%2.66%7.26%1.20%1.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,113.00
(-) Cash Dividends Paid (M)954.00
(=) Cash Retained (M)1,159.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)422.60264.13158.48
Cash Retained (M)1,159.001,159.001,159.00
(-) Cash Required (M)-422.60-264.13-158.48
(=) Excess Retained (M)736.40894.881,000.53
(/) Shares Outstanding (M)6,816.006,816.006,816.00
(=) Excess Retained per Share0.110.130.15
LTM Dividend per Share0.140.140.14
(+) Excess Retained per Share0.110.130.15
(=) Adjusted Dividend0.250.270.29
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate5.50%6.50%7.50%
Fair Value$26.14$57.78$61.65
Upside / Downside1,127.41%2,612.55%2,794.48%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,113.002,250.352,396.622,552.402,718.302,894.992,981.84
Payout Ratio45.15%54.12%63.09%72.06%81.03%90.00%92.50%
Projected Dividends (M)954.001,217.871,512.011,839.252,202.642,605.492,758.20

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,132.791,143.531,154.27
Year 2 PV (M)1,308.141,333.061,358.21
Year 3 PV (M)1,480.101,522.591,565.88
Year 4 PV (M)1,648.701,712.111,777.33
Year 5 PV (M)1,814.011,901.631,992.60
PV of Terminal Value (M)54,854.3557,503.8460,254.72
Equity Value (M)62,238.1065,116.7568,103.01
Shares Outstanding (M)6,816.006,816.006,816.00
Fair Value$9.13$9.55$9.99
Upside / Downside328.69%348.52%369.09%

High-Yield Dividend Screener

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