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PT Selamat Sempurna Tbk (SMSM.JK)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$15,899.36 - $38,229.15$35,826.31
Multi-Stage$5,802.29 - $6,339.24$6,065.88
Blended Fair Value$20,946.10
Current Price$1,910.00
Upside996.65%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS18.41%13.29%135.00105.0084.9470.0059.0058.0052.0050.0048.7531.25
YoY Growth--28.57%23.61%21.35%18.64%1.72%11.54%4.00%2.56%56.00%-19.35%
Dividend Yield--7.94%5.36%5.50%4.93%4.40%5.02%3.21%3.72%4.49%2.60%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,106,973.00
(-) Cash Dividends Paid (M)1,007,768.00
(=) Cash Retained (M)99,205.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)221,394.60138,371.6383,022.98
Cash Retained (M)99,205.0099,205.0099,205.00
(-) Cash Required (M)-221,394.60-138,371.63-83,022.98
(=) Excess Retained (M)-122,189.60-39,166.6316,182.03
(/) Shares Outstanding (M)5,758.685,758.685,758.68
(=) Excess Retained per Share-21.22-6.802.81
LTM Dividend per Share175.00175.00175.00
(+) Excess Retained per Share-21.22-6.802.81
(=) Adjusted Dividend153.78168.20177.81
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate5.50%6.50%7.50%
Fair Value$15,899.36$35,826.31$38,229.15
Upside / Downside732.43%1,775.72%1,901.53%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,106,973.001,178,926.251,255,556.451,337,167.621,424,083.521,516,648.941,562,148.41
Payout Ratio91.04%90.83%90.62%90.42%90.21%90.00%92.50%
Projected Dividends (M)1,007,768.001,070,825.061,137,821.721,209,003.711,284,632.061,364,984.051,444,987.28

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)995,837.611,005,276.831,014,716.05
Year 2 PV (M)984,043.321,002,786.581,021,706.66
Year 3 PV (M)972,383.611,000,297.251,028,740.04
Year 4 PV (M)960,856.98997,808.831,035,816.37
Year 5 PV (M)949,461.96995,321.331,042,935.84
PV of Terminal Value (M)28,550,916.6529,929,936.6031,361,734.89
Equity Value (M)33,413,500.1334,931,427.4136,505,649.85
Shares Outstanding (M)5,758.685,758.685,758.68
Fair Value$5,802.29$6,065.88$6,339.24
Upside / Downside203.78%217.59%231.90%

High-Yield Dividend Screener

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