DDM Analysis: SIMP.JK

Valuation Snapshot

Stable Growth	$1,810.39 - $3,501.49	$2,484.64
Multi-Stage	$2,853.77 - $3,138.33	$2,993.31
Blended Fair Value	$2,738.98
Current Price	$510.00
Upside	437.05%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	24.19%	0.00%	10.00	15.00	13.00	3.00	2.67	3.38	10.00	10.00	5.00	16.00
YoY Growth	-	-	-33.33%	15.38%	333.34%	12.26%	-21.05%	-66.15%	0.00%	100.00%	-68.75%	60.00%
Dividend Yield	-	-	2.59%	3.97%	3.25%	0.60%	0.55%	1.61%	2.28%	1.68%	0.80%	3.39%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,776,204.00
(-) Cash Dividends Paid (M)	155,013.00
(=) Cash Retained (M)	1,621,191.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	355,240.80	222,025.50	133,215.30
Cash Retained (M)	1,621,191.00	1,621,191.00	1,621,191.00
(-) Cash Required (M)	-355,240.80	-222,025.50	-133,215.30
(=) Excess Retained (M)	1,265,950.20	1,399,165.50	1,487,975.70
(/) Shares Outstanding (M)	15,501.31	15,501.31	15,501.31
(=) Excess Retained per Share	81.67	90.26	95.99
LTM Dividend per Share	10.00	10.00	10.00
(+) Excess Retained per Share	81.67	90.26	95.99
(=) Adjusted Dividend	91.67	100.26	105.99
WACC / Discount Rate	6.31%	6.31%	6.31%
Growth Rate	1.19%	2.19%	3.19%
Fair Value	$1,810.39	$2,484.64	$3,501.49
Upside / Downside	254.98%	387.18%	586.57%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,776,204.00	1,815,028.71	1,854,702.05	1,895,242.59	1,936,669.27	1,979,001.46	2,038,371.50
Payout Ratio	8.73%	24.98%	41.24%	57.49%	73.75%	90.00%	92.50%
Projected Dividends (M)	155,013.00	453,426.22	764,810.95	1,089,591.69	1,428,205.30	1,781,101.31	1,885,493.64

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.31%	6.31%	6.31%
Growth Rate	1.19%	2.19%	3.19%
Year 1 PV (M)	422,342.27	426,516.20	430,690.12
Year 2 PV (M)	663,544.32	676,724.49	690,034.28
Year 3 PV (M)	880,516.60	906,881.37	933,767.25
Year 4 PV (M)	1,075,034.30	1,118,165.88	1,162,582.49
Year 5 PV (M)	1,248,757.84	1,311,695.78	1,377,146.20
PV of Terminal Value (M)	39,946,947.96	41,960,291.53	44,054,007.69
Equity Value (M)	44,237,143.29	46,400,275.25	48,648,228.02
Shares Outstanding (M)	15,501.31	15,501.31	15,501.31
Fair Value	$2,853.77	$2,993.31	$3,138.33
Upside / Downside	459.56%	486.92%	515.36%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 29 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
BTBT	Bit Digital, Inc.	0.25%	$0.01	1.17%
PVH	PVH Corp.	0.25%	$0.17	2.41%
AEL	American Equity Investment Life Holding Company	0.24%	$0.14	2.19%
CRS	Carpenter Technology Corporation	0.24%	$0.80	9.74%
L	Loews Corporation	0.24%	$0.25	3.58%
PRIM	Primoris Services Corporation	0.23%	$0.30	5.83%
TER	Teradyne, Inc.	0.23%	$0.48	17.39%
FOCS	Focus Financial Partners Inc.	0.22%	$0.12	19.23%
QCRH	QCR Holdings, Inc.	0.22%	$0.18	2.50%
RMAX	RE/MAX Holdings, Inc.	0.22%	$0.02	2.70%
VSEC	VSE Corporation	0.22%	$0.40	30.98%
0J5I.L	Hilton Worldwide Holdings Inc.	0.21%	$0.60	8.71%
PRVAX	Virginia Tax Free Bond Fund	0.21%	$0.02	89.04%
ACA	Arcosa, Inc.	0.19%	$0.20	6.66%
HWM	Howmet Aerospace Inc.	0.19%	$0.40	11.24%
USLM	United States Lime & Minerals, Inc.	0.19%	$0.23	5.04%
AEIS	Advanced Energy Industries, Inc.	0.18%	$0.40	10.65%
BELFA	Bel Fuse Inc.	0.18%	$0.28	5.31%
TILE	Interface, Inc.	0.18%	$0.05	2.63%
0K05.L	Medifast, Inc.	0.17%	$0.02	78.63%
AYI	Acuity Brands, Inc.	0.17%	$0.65	5.19%
BDC	Belden Inc.	0.17%	$0.20	3.53%
FIX	Comfort Systems USA, Inc.	0.17%	$1.70	7.18%
KNSL	Kinsale Capital Group, Inc.	0.17%	$0.66	3.24%
STCN	Steel Connect, Inc.	0.17%	$0.02	1.98%
VVI	Viad Corp	0.17%	$0.07	0.54%
ALNT	Allient Inc.	0.16%	$0.09	7.91%
CLSK	CleanSpark, Inc.	0.16%	$0.02	1.41%
EME	EMCOR Group, Inc.	0.16%	$1.01	4.01%
ESE	ESCO Technologies Inc.	0.16%	$0.32	2.76%
CW	Curtiss-Wright Corporation	0.15%	$0.87	7.08%
MU	Micron Technology, Inc.	0.15%	$0.46	6.11%
SPCMU	Sound Point Acquisition Corp I, Ltd	0.15%	$0.02	1.33%
ENSG	The Ensign Group, Inc.	0.14%	$0.24	4.34%
JBL	Jabil Inc.	0.14%	$0.33	5.48%
PFIE	Profire Energy, Inc.	0.14%	$0.00	1.99%
0R0A.L	Hecla Mining Company	0.13%	$0.02	5.24%
GNW	Genworth Financial, Inc.	0.13%	$0.01	2.27%
ONIT	Onity Group Inc.	0.13%	$0.06	1.46%
0A7O.L	MicroStrategy Incorporated	0.12%	$0.19	0.73%
0KGS.L	Pegasystems Inc.	0.12%	$0.07	4.63%
PRTAX	T. Rowe Price Tax-Free Income Fd	0.12%	$0.01	89.04%
WDC	Western Digital Corporation	0.12%	$0.22	3.25%
GEV	GE Vernova Inc.	0.11%	$0.75	12.15%
MPLF.L	Marble Point Loan Financing Limited	0.11%	$0.07	92.98%
EPAC	Enerpac Tool Group Corp.	0.10%	$0.04	2.34%
GRBK	Green Brick Partners, Inc.	0.10%	$0.07	0.85%
IR	Ingersoll Rand Inc.	0.10%	$0.08	5.89%
RAL	Ralliant Corp.	0.10%	$0.05	2.75%
TXT	Textron Inc.	0.10%	$0.08	1.79%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

PT Salim Ivomas Pratama Tbk (SIMP.JK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener