Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Mitra Keluarga Karyasehat Tbk (MIKA.JK)

Company Dividend Discount ModelIndustry: Medical - Care FacilitiesSector: Healthcare

Valuation Snapshot

Stable Growth$2,945.07 - $13,998.77$5,211.63
Multi-Stage$1,823.63 - $1,991.89$1,906.24
Blended Fair Value$3,558.93
Current Price$2,460.00
Upside44.67%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.02%0.06%34.0037.0036.0136.8621.5018.440.0435.5726.1620.93
YoY Growth---8.11%2.76%-2.33%71.43%16.62%42,637.12%-99.88%36.00%25.00%-38.08%
Dividend Yield--1.52%1.38%1.23%1.70%0.82%0.86%0.00%1.70%0.99%0.86%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,290,432.13
(-) Cash Dividends Paid (M)598,021.74
(=) Cash Retained (M)692,410.39
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)258,086.43161,304.0296,782.41
Cash Retained (M)692,410.39692,410.39692,410.39
(-) Cash Required (M)-258,086.43-161,304.02-96,782.41
(=) Excess Retained (M)434,323.96531,106.37595,627.98
(/) Shares Outstanding (M)13,907.4813,907.4813,907.48
(=) Excess Retained per Share31.2338.1942.83
LTM Dividend per Share43.0043.0043.00
(+) Excess Retained per Share31.2338.1942.83
(=) Adjusted Dividend74.2381.1985.83
WACC / Discount Rate8.16%8.16%8.16%
Growth Rate5.50%6.50%7.50%
Fair Value$2,945.07$5,211.63$13,998.77
Upside / Downside19.72%111.85%469.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,290,432.131,374,310.221,463,640.381,558,777.011,660,097.521,768,003.851,821,043.97
Payout Ratio46.34%55.07%63.81%72.54%81.27%90.00%92.50%
Projected Dividends (M)598,021.74756,890.37933,885.271,130,691.641,349,137.181,591,203.471,684,465.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.16%8.16%8.16%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)693,222.73699,793.56706,364.39
Year 2 PV (M)783,381.21798,302.42813,364.40
Year 3 PV (M)868,687.61893,624.50919,034.13
Year 4 PV (M)949,325.99985,834.381,023,385.80
Year 5 PV (M)1,025,474.321,075,005.111,126,431.56
PV of Terminal Value (M)21,042,041.0422,058,379.4923,113,615.60
Equity Value (M)25,362,132.8826,510,939.4727,702,195.89
Shares Outstanding (M)13,907.4813,907.4813,907.48
Fair Value$1,823.63$1,906.24$1,991.89
Upside / Downside-25.87%-22.51%-19.03%

High-Yield Dividend Screener

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