Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Pan German Universal Motors Ltd. (2247.TW)

Company Dividend Discount ModelIndustry: Auto - DealershipsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$1,194.00 - $4,557.18$3,445.40
Multi-Stage$584.48 - $638.32$610.91
Blended Fair Value$2,028.15
Current Price$289.00
Upside601.78%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS21.98%0.00%17.9914.9911.9910.997.496.667.114.310.006.50
YoY Growth--20.00%25.00%9.09%46.67%12.50%-6.25%64.80%0.00%-100.00%0.00%
Dividend Yield--5.96%4.71%4.63%5.18%3.04%3.27%3.53%1.72%0.00%2.14%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,850.74
(-) Cash Dividends Paid (M)1,452.76
(=) Cash Retained (M)397.98
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)370.15231.34138.81
Cash Retained (M)397.98397.98397.98
(-) Cash Required (M)-370.15-231.34-138.81
(=) Excess Retained (M)27.83166.64259.17
(/) Shares Outstanding (M)80.7780.7780.77
(=) Excess Retained per Share0.342.063.21
LTM Dividend per Share17.9917.9917.99
(+) Excess Retained per Share0.342.063.21
(=) Adjusted Dividend18.3320.0521.20
WACC / Discount Rate7.12%7.12%7.12%
Growth Rate5.50%6.50%7.50%
Fair Value$1,194.00$3,445.40$4,557.18
Upside / Downside313.15%1,092.18%1,476.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,850.741,971.032,099.152,235.602,380.912,535.672,611.74
Payout Ratio78.50%80.80%83.10%85.40%87.70%90.00%92.50%
Projected Dividends (M)1,452.761,592.541,744.351,909.162,088.042,282.102,415.86

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.12%7.12%7.12%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,472.731,486.691,500.65
Year 2 PV (M)1,491.761,520.171,548.86
Year 3 PV (M)1,509.881,553.231,597.39
Year 4 PV (M)1,527.111,585.841,646.25
Year 5 PV (M)1,543.481,618.031,695.43
PV of Terminal Value (M)39,661.0241,576.6643,565.62
Equity Value (M)47,205.9849,340.6251,554.20
Shares Outstanding (M)80.7780.7780.77
Fair Value$584.48$610.91$638.32
Upside / Downside102.24%111.39%120.87%

High-Yield Dividend Screener

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