Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

AMTD IDEA Group (HKB.SI)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$10.15 - $13.37$11.83
Multi-Stage$27.69 - $30.84$29.23
Blended Fair Value$20.53
Current Price$2.64
Upside677.83%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.040.240.240.121,389.880.000.000.000.00
YoY Growth---100.00%-82.36%-0.55%96.93%-99.99%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.43%2.47%2.59%0.94%11,699.33%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)187.64
(-) Cash Dividends Paid (M)2.80
(=) Cash Retained (M)184.84
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)37.5323.4514.07
Cash Retained (M)184.84184.84184.84
(-) Cash Required (M)-37.53-23.45-14.07
(=) Excess Retained (M)147.31161.39170.77
(/) Shares Outstanding (M)66.4266.4266.42
(=) Excess Retained per Share2.222.432.57
LTM Dividend per Share0.040.040.04
(+) Excess Retained per Share2.222.432.57
(=) Adjusted Dividend2.262.472.61
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate-12.38%-11.38%-10.38%
Fair Value$10.15$11.83$13.37
Upside / Downside284.46%348.28%406.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)187.64166.28147.35130.58115.72102.55105.63
Payout Ratio1.49%19.19%36.89%54.60%72.30%90.00%92.50%
Projected Dividends (M)2.8031.9154.3771.2983.6692.2997.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate-12.38%-11.38%-10.38%
Year 1 PV (M)29.4529.7930.13
Year 2 PV (M)46.3147.3748.45
Year 3 PV (M)56.0557.9959.97
Year 4 PV (M)60.7063.5266.44
Year 5 PV (M)61.8165.4169.19
PV of Terminal Value (M)1,585.151,677.701,774.52
Equity Value (M)1,839.471,941.782,048.69
Shares Outstanding (M)66.4266.4266.42
Fair Value$27.69$29.23$30.84
Upside / Downside949.03%1,007.38%1,068.34%

High-Yield Dividend Screener

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