Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Goodyear (Thailand) Public Company Limited (GYT.BK)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$1,718.73 - $6,385.60$5,189.27
Multi-Stage$903.55 - $989.84$945.90
Blended Fair Value$3,067.58
Current Price$195.00
Upside1,473.12%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.96%-9.97%7.000.000.000.000.005.0020.0020.0020.0020.00
YoY Growth--0.00%0.00%0.00%0.00%-100.00%-75.00%0.00%0.00%0.00%0.00%
Dividend Yield--4.02%0.00%0.00%0.00%0.00%2.53%5.56%4.93%4.20%4.41%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)238.82
(-) Cash Dividends Paid (M)54.76
(=) Cash Retained (M)184.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)47.7629.8517.91
Cash Retained (M)184.06184.06184.06
(-) Cash Required (M)-47.76-29.85-17.91
(=) Excess Retained (M)136.29154.20166.14
(/) Shares Outstanding (M)7.407.407.40
(=) Excess Retained per Share18.4220.8422.45
LTM Dividend per Share7.407.407.40
(+) Excess Retained per Share18.4220.8422.45
(=) Adjusted Dividend25.8228.2429.85
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate4.96%5.96%6.96%
Fair Value$1,718.73$5,189.27$6,385.60
Upside / Downside781.40%2,561.16%3,174.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)238.82253.05268.14284.12301.06319.00328.57
Payout Ratio22.93%36.34%49.76%63.17%76.59%90.00%92.50%
Projected Dividends (M)54.7691.97133.42179.48230.57287.10303.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate4.96%5.96%6.96%
Year 1 PV (M)85.5186.3287.14
Year 2 PV (M)115.34117.55119.78
Year 3 PV (M)144.27148.43152.67
Year 4 PV (M)172.31178.97185.82
Year 5 PV (M)199.49209.18219.24
PV of Terminal Value (M)5,969.766,259.616,560.61
Equity Value (M)6,686.687,000.067,325.26
Shares Outstanding (M)7.407.407.40
Fair Value$903.55$945.90$989.84
Upside / Downside363.36%385.08%407.61%

High-Yield Dividend Screener

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