Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Unique Engineering and Construction Public Company Limited (UNIQ.BK)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$13.63 - $26.49$18.74
Multi-Stage$69.22 - $76.74$72.90
Blended Fair Value$45.82
Current Price$3.20
Upside1,331.97%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-30.15%-8.02%0.050.000.000.000.270.300.330.330.270.19
YoY Growth--0.00%0.00%0.00%-100.00%-10.17%-8.78%-0.04%22.11%42.13%64.69%
Dividend Yield--3.01%0.00%0.00%0.00%4.43%7.83%3.33%2.54%1.57%1.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)987.87
(-) Cash Dividends Paid (M)75.66
(=) Cash Retained (M)912.21
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)197.57123.4874.09
Cash Retained (M)912.21912.21912.21
(-) Cash Required (M)-197.57-123.48-74.09
(=) Excess Retained (M)714.63788.72838.12
(/) Shares Outstanding (M)1,081.011,081.011,081.01
(=) Excess Retained per Share0.660.730.78
LTM Dividend per Share0.070.070.07
(+) Excess Retained per Share0.660.730.78
(=) Adjusted Dividend0.730.800.85
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate-4.97%-3.97%-2.97%
Fair Value$13.63$18.74$26.49
Upside / Downside325.98%485.74%727.70%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)987.87948.68911.04874.89840.18806.84831.05
Payout Ratio7.66%24.13%40.60%57.06%73.53%90.00%92.50%
Projected Dividends (M)75.66228.89369.84499.25617.80726.16768.72

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate-4.97%-3.97%-2.97%
Year 1 PV (M)226.22228.60230.98
Year 2 PV (M)361.25368.89376.61
Year 3 PV (M)481.94497.32513.01
Year 4 PV (M)589.41614.62640.62
Year 5 PV (M)684.70721.49759.84
PV of Terminal Value (M)72,482.8676,377.5580,437.89
Equity Value (M)74,826.3778,808.4682,958.96
Shares Outstanding (M)1,081.011,081.011,081.01
Fair Value$69.22$72.90$76.74
Upside / Downside2,063.09%2,178.20%2,298.19%

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