Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

PT Asuransi Tugu Pratama Indonesia Tbk (TUGU.JK)

Company Dividend Discount ModelIndustry: Insurance - DiversifiedSector: Financial Services

Valuation Snapshot

Stable Growth$15,056.38 - $41,614.49$38,998.87
Multi-Stage$5,828.91 - $6,378.94$6,098.88
Blended Fair Value$22,548.87
Current Price$1,010.00
Upside2,132.56%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS42.74%34.96%123.2668.7337.0927.4938.7020.8024.697.5941.330.00
YoY Growth--79.35%85.28%34.96%-28.98%86.08%-15.75%225.21%-81.63%0.00%-100.00%
Dividend Yield--12.71%5.87%3.71%7.53%9.99%2.57%3.66%0.84%4.59%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)744,002.38
(-) Cash Dividends Paid (M)273,397.16
(=) Cash Retained (M)470,605.23
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)148,800.4893,000.3055,800.18
Cash Retained (M)470,605.23470,605.23470,605.23
(-) Cash Required (M)-148,800.48-93,000.30-55,800.18
(=) Excess Retained (M)321,804.75377,604.93414,805.05
(/) Shares Outstanding (M)3,555.583,555.583,555.58
(=) Excess Retained per Share90.51106.20116.66
LTM Dividend per Share76.8976.8976.89
(+) Excess Retained per Share90.51106.20116.66
(=) Adjusted Dividend167.40183.09193.56
WACC / Discount Rate6.67%6.67%6.67%
Growth Rate5.50%6.50%7.50%
Fair Value$15,056.38$38,998.87$41,614.49
Upside / Downside1,390.73%3,761.27%4,020.25%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)744,002.38792,362.54843,866.10898,717.40957,134.031,019,347.741,049,928.18
Payout Ratio36.75%47.40%58.05%68.70%79.35%90.00%92.50%
Projected Dividends (M)273,397.16375,559.64489,848.13617,407.39759,479.75917,412.97971,183.56

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.67%6.67%6.67%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)348,760.57352,066.36355,372.15
Year 2 PV (M)422,433.55430,479.72438,601.80
Year 3 PV (M)494,444.15508,637.86523,100.65
Year 4 PV (M)564,820.03586,541.41608,883.36
Year 5 PV (M)633,588.42664,190.98695,964.77
PV of Terminal Value (M)18,261,081.7419,143,098.8220,058,872.76
Equity Value (M)20,725,128.4621,685,015.1522,680,795.49
Shares Outstanding (M)3,555.583,555.583,555.58
Fair Value$5,828.91$6,098.88$6,378.94
Upside / Downside477.12%503.85%531.58%

High-Yield Dividend Screener

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