Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jiin Yeeh Ding Enterprises Corp. (8390.TWO)

Company Dividend Discount ModelIndustry: Waste ManagementSector: Industrials

Valuation Snapshot

Stable Growth$235.30 - $1,196.56$484.41
Multi-Stage$255.36 - $280.38$267.63
Blended Fair Value$376.02
Current Price$69.90
Upside437.94%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS37.29%0.00%2.191.872.231.981.200.450.000.000.000.00
YoY Growth--17.16%-16.39%12.50%65.87%166.85%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.34%3.29%5.69%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)595.26
(-) Cash Dividends Paid (M)240.29
(=) Cash Retained (M)354.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)119.0574.4144.64
Cash Retained (M)354.97354.97354.97
(-) Cash Required (M)-119.05-74.41-44.64
(=) Excess Retained (M)235.91280.56310.32
(/) Shares Outstanding (M)96.7296.7296.72
(=) Excess Retained per Share2.442.903.21
LTM Dividend per Share2.482.482.48
(+) Excess Retained per Share2.442.903.21
(=) Adjusted Dividend4.925.395.69
WACC / Discount Rate5.25%5.25%5.25%
Growth Rate3.09%4.09%5.09%
Fair Value$235.30$484.41$1,196.56
Upside / Downside236.62%593.00%1,611.82%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)595.26619.61644.95671.34698.80727.39749.21
Payout Ratio40.37%50.29%60.22%70.15%80.07%90.00%92.50%
Projected Dividends (M)240.29311.63388.39470.92559.55654.65693.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.25%5.25%5.25%
Growth Rate3.09%4.09%5.09%
Year 1 PV (M)293.24296.09298.93
Year 2 PV (M)343.92350.63357.40
Year 3 PV (M)392.40403.93415.69
Year 4 PV (M)438.75456.02473.80
Year 5 PV (M)483.03506.92531.74
PV of Terminal Value (M)22,746.6023,871.4425,040.35
Equity Value (M)24,697.9525,885.0327,117.90
Shares Outstanding (M)96.7296.7296.72
Fair Value$255.36$267.63$280.38
Upside / Downside265.32%282.88%301.12%

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