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PJSC PIK-specialized homebuilder (PIKK.ME)

Company Dividend Discount ModelIndustry: Real Estate - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$1,387.08 - $2,153.58$1,741.68
Multi-Stage$3,178.80 - $3,502.02$3,337.22
Blended Fair Value$2,539.45
Current Price$598.80
Upside324.09%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202120202019201820172016201520142013
DPS0.00%0.00%0.0045.6722.7922.7922.790.000.000.004.180.00
YoY Growth---100.00%100.41%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%0.00%
Dividend Yield--0.00%4.14%3.82%5.69%6.08%0.00%0.00%0.00%2.23%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)97,008.77
(-) Cash Dividends Paid (M)30,209.00
(=) Cash Retained (M)66,799.77
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)19,401.7512,126.107,275.66
Cash Retained (M)66,799.7766,799.7766,799.77
(-) Cash Required (M)-19,401.75-12,126.10-7,275.66
(=) Excess Retained (M)47,398.0254,673.6859,524.11
(/) Shares Outstanding (M)658.20658.20658.20
(=) Excess Retained per Share72.0183.0790.44
LTM Dividend per Share45.9045.9045.90
(+) Excess Retained per Share72.0183.0790.44
(=) Adjusted Dividend117.91128.96136.33
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1,387.08$1,741.68$2,153.58
Upside / Downside131.64%190.86%259.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)97,008.7796,038.6895,078.3094,127.5193,186.2492,254.3895,022.01
Payout Ratio31.14%42.91%54.68%66.46%78.23%90.00%92.50%
Projected Dividends (M)30,209.0041,212.4951,992.8962,553.5672,897.8283,028.9487,895.36

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)38,367.3738,758.8739,150.38
Year 2 PV (M)45,061.9845,986.3146,920.02
Year 3 PV (M)50,472.1252,033.0053,625.74
Year 4 PV (M)54,757.9557,027.4159,366.70
Year 5 PV (M)58,062.4461,085.8964,233.99
PV of Terminal Value (M)1,845,553.681,941,655.942,041,720.57
Equity Value (M)2,092,275.552,196,547.432,305,017.39
Shares Outstanding (M)658.20658.20658.20
Fair Value$3,178.80$3,337.22$3,502.02
Upside / Downside430.86%457.32%484.84%

High-Yield Dividend Screener

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