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PT Asuransi Dayin Mitra Tbk (ASDM.JK)

Company Dividend Discount ModelIndustry: Insurance - Property & CasualtySector: Financial Services

Valuation Snapshot

Stable Growth$1,098.64 - $1,928.84$1,451.92
Multi-Stage$1,750.79 - $1,920.18$1,833.88
Blended Fair Value$1,642.90
Current Price$555.00
Upside196.02%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.85%3.45%40.0033.0036.0047.5039.0036.5034.5034.5034.0032.50
YoY Growth--21.21%-8.33%-24.21%21.79%6.85%5.80%0.00%1.47%4.62%14.04%
Dividend Yield--8.51%6.71%7.74%9.60%8.43%7.68%6.39%6.80%7.23%5.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)31,836.70
(-) Cash Dividends Paid (M)19,200.00
(=) Cash Retained (M)12,636.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6,367.343,979.592,387.75
Cash Retained (M)12,636.7012,636.7012,636.70
(-) Cash Required (M)-6,367.34-3,979.59-2,387.75
(=) Excess Retained (M)6,269.368,657.1110,248.94
(/) Shares Outstanding (M)384.00384.00384.00
(=) Excess Retained per Share16.3322.5426.69
LTM Dividend per Share50.0050.0050.00
(+) Excess Retained per Share16.3322.5426.69
(=) Adjusted Dividend66.3372.5476.69
WACC / Discount Rate6.98%6.98%6.98%
Growth Rate0.89%1.89%2.89%
Fair Value$1,098.64$1,451.92$1,928.84
Upside / Downside97.95%161.61%247.54%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)31,836.7032,438.0033,050.6633,674.8934,310.9134,958.9536,007.72
Payout Ratio60.31%66.25%72.18%78.12%84.06%90.00%92.50%
Projected Dividends (M)19,200.0021,488.9523,857.5126,307.8728,842.2931,463.0533,307.14

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.98%6.98%6.98%
Growth Rate0.89%1.89%2.89%
Year 1 PV (M)19,889.8220,086.9720,284.12
Year 2 PV (M)20,438.8620,846.0521,257.25
Year 3 PV (M)20,860.9121,487.3922,126.29
Year 4 PV (M)21,168.6422,020.4922,897.79
Year 5 PV (M)21,373.7122,454.1923,577.93
PV of Terminal Value (M)568,570.76597,313.03627,206.11
Equity Value (M)672,302.70704,208.12737,349.49
Shares Outstanding (M)384.00384.00384.00
Fair Value$1,750.79$1,833.88$1,920.18
Upside / Downside215.46%230.43%245.98%

High-Yield Dividend Screener

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TPVGTriplePoint Venture Growth BDC Corp.8.52%$0.5767.26%
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HWCPZHancock Whitney Corporation - 67.58%$1.7731.35%
WRB-PGW.R. Berkley Corporation 4.25%7.54%$1.2726.69%
NMTNuveen Massachusetts Quality Municipal Income Fund7.48%$0.8580.62%
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GMTAGATX Corporation SR NT 20667.41%$1.8621.29%
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JMMNuveen Multi-Market Income Fund7.28%$0.4461.06%
BKEThe Buckle, Inc.7.26%$3.9196.21%
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PMFPIMCO Municipal Income Fund7.07%$0.5992.59%
RYNRayonier Inc.7.04%$1.5230.67%
DRQDril-Quip, Inc.7.02%$1.0850.37%
TRINITrinity Capital Inc. 7.875% Notes Due 20297.02%$1.7883.48%
C-PNCitigroup Capital XIII TR PFD SECS7.01%$2.1326.99%
VPVInvesco Pennsylvania Value Municipal Income Trust6.98%$0.7360.22%
VCVInvesco California Value Municipal Income Trust6.97%$0.7860.58%
EOTEaton Vance National Municipal Opportunities Trust6.96%$1.1869.84%
FLATXFidelity Latin America Fund6.92%$1.1539.63%
EGYVAALCO Energy, Inc.6.91%$0.2592.67%
NOMNuveen Missouri Quality Municipal Income Fund6.91%$0.8278.81%
UBCPUnited Bancorp, Inc.6.90%$0.9996.30%
TBCAT&T Inc. 5.625% Global Notes d6.89%$1.7255.65%
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