Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

S Hotels and Resorts Public Company Limited (SHR.BK)

Company Dividend Discount ModelIndustry: Gambling, Resorts & CasinosSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$1.39 - $2.22$1.76
Multi-Stage$3.76 - $4.15$3.95
Blended Fair Value$2.86
Current Price$1.60
Upside78.57%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS0.00%0.00%0.020.000.000.000.000.000.000.000.020.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%0.00%
Dividend Yield--0.77%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)475.65
(-) Cash Dividends Paid (M)161.53
(=) Cash Retained (M)314.11
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)95.1359.4635.67
Cash Retained (M)314.11314.11314.11
(-) Cash Required (M)-95.13-59.46-35.67
(=) Excess Retained (M)218.98254.66278.44
(/) Shares Outstanding (M)3,552.013,552.013,552.01
(=) Excess Retained per Share0.060.070.08
LTM Dividend per Share0.050.050.05
(+) Excess Retained per Share0.060.070.08
(=) Adjusted Dividend0.110.120.12
WACC / Discount Rate5.58%5.58%5.58%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1.39$1.76$2.22
Upside / Downside-13.43%10.18%38.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)475.65470.89466.18461.52456.91452.34465.91
Payout Ratio33.96%45.17%56.38%67.58%78.79%90.00%92.50%
Projected Dividends (M)161.53212.70262.82311.92360.01407.10430.96

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.58%5.58%5.58%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)199.42201.45203.49
Year 2 PV (M)231.03235.77240.56
Year 3 PV (M)257.08265.03273.14
Year 4 PV (M)278.19289.72301.61
Year 5 PV (M)294.95310.31326.30
PV of Terminal Value (M)12,102.9212,733.1513,389.36
Equity Value (M)13,363.6014,035.4414,734.47
Shares Outstanding (M)3,552.013,552.013,552.01
Fair Value$3.76$3.95$4.15
Upside / Downside135.14%146.96%159.26%

High-Yield Dividend Screener

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