Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Jakarta Setiabudi Internasional Tbk (JSPT.JK)

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

Valuation Snapshot

Stable Growth$3,577.74 - $19,046.21$6,469.39
Multi-Stage$2,896.83 - $3,175.21$3,033.43
Blended Fair Value$4,751.41
Current Price$3,690.00
Upside28.76%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-12.05%-3.31%10.000.000.000.0010.0019.0019.0018.0017.0016.00
YoY Growth--0.00%0.00%0.00%-100.00%-47.37%0.00%5.56%5.88%6.25%14.29%
Dividend Yield--0.14%0.00%0.00%0.00%1.20%2.07%1.73%1.20%0.57%1.71%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)255,984.74
(-) Cash Dividends Paid (M)64,989.05
(=) Cash Retained (M)190,995.69
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)51,196.9531,998.0919,198.86
Cash Retained (M)190,995.69190,995.69190,995.69
(-) Cash Required (M)-51,196.95-31,998.09-19,198.86
(=) Excess Retained (M)139,798.74158,997.60171,796.83
(/) Shares Outstanding (M)2,318.742,318.742,318.74
(=) Excess Retained per Share60.2968.5774.09
LTM Dividend per Share28.0328.0328.03
(+) Excess Retained per Share60.2968.5774.09
(=) Adjusted Dividend88.3296.60102.12
WACC / Discount Rate6.62%6.62%6.62%
Growth Rate4.05%5.05%6.05%
Fair Value$3,577.74$6,469.39$19,046.21
Upside / Downside-3.04%75.32%416.16%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)255,984.74268,920.32282,509.57296,785.53311,782.88327,538.09337,364.23
Payout Ratio25.39%38.31%51.23%64.16%77.08%90.00%92.50%
Projected Dividends (M)64,989.05103,024.15144,737.33190,403.18240,314.67294,784.28312,061.91

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.62%6.62%6.62%
Growth Rate4.05%5.05%6.05%
Year 1 PV (M)95,705.9496,625.7297,545.49
Year 2 PV (M)124,905.11127,317.44129,752.84
Year 3 PV (M)152,641.87157,085.17161,613.88
Year 4 PV (M)178,969.73185,949.47193,131.41
Year 5 PV (M)203,940.48213,930.47224,308.17
PV of Terminal Value (M)5,960,817.526,252,807.226,556,128.91
Equity Value (M)6,716,980.647,033,715.497,362,480.69
Shares Outstanding (M)2,318.742,318.742,318.74
Fair Value$2,896.83$3,033.43$3,175.21
Upside / Downside-21.50%-17.79%-13.95%

High-Yield Dividend Screener

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