Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Jayamas Medica Industri Tbk (OMED.JK)

Company Dividend Discount ModelIndustry: Medical - Instruments & SuppliesSector: Healthcare

Valuation Snapshot

Stable Growth$80.39 - $113.92$96.94
Multi-Stage$121.06 - $132.89$126.86
Blended Fair Value$111.90
Current Price$176.00
Upside-36.42%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS0.00%0.00%2.883.179.249.420.000.000.000.000.000.00
YoY Growth---9.15%-65.69%-1.96%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.83%1.61%4.67%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)331,455.93
(-) Cash Dividends Paid (M)77,929.49
(=) Cash Retained (M)253,526.44
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)66,291.1941,431.9924,859.19
Cash Retained (M)253,526.44253,526.44253,526.44
(-) Cash Required (M)-66,291.19-41,431.99-24,859.19
(=) Excess Retained (M)187,235.26212,094.45228,667.25
(/) Shares Outstanding (M)27,058.8527,058.8527,058.85
(=) Excess Retained per Share6.927.848.45
LTM Dividend per Share2.882.882.88
(+) Excess Retained per Share6.927.848.45
(=) Adjusted Dividend9.8010.7211.33
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate-2.00%-1.00%0.00%
Fair Value$80.39$96.94$113.92
Upside / Downside-54.32%-44.92%-35.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)331,455.93328,141.37324,859.96321,611.36318,395.25315,211.29324,667.63
Payout Ratio23.51%36.81%50.11%63.40%76.70%90.00%92.50%
Projected Dividends (M)77,929.49120,785.60162,776.80203,916.10244,216.33283,690.16300,317.56

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)108,748.89109,858.57110,968.25
Year 2 PV (M)131,950.74134,657.35137,391.44
Year 3 PV (M)148,826.57153,429.13158,125.62
Year 4 PV (M)160,477.19167,128.22173,983.88
Year 5 PV (M)167,838.87176,578.63185,678.74
PV of Terminal Value (M)2,557,795.802,690,986.162,829,668.05
Equity Value (M)3,275,638.063,432,638.063,595,815.98
Shares Outstanding (M)27,058.8527,058.8527,058.85
Fair Value$121.06$126.86$132.89
Upside / Downside-31.22%-27.92%-24.50%

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