Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Ateliers Mecaniques D'Indonesie Tbk (AMIN.JK)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$414.13 - $1,134.69$639.69
Multi-Stage$1,550.64 - $1,712.54$1,629.97
Blended Fair Value$1,134.83
Current Price$190.00
Upside497.28%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-8.97%0.00%5.000.000.000.000.008.008.008.008.008.40
YoY Growth--0.00%0.00%0.00%0.00%-100.00%0.00%0.00%0.00%-4.79%0.00%
Dividend Yield--3.50%0.00%0.00%0.00%0.00%2.00%1.85%1.79%2.38%7.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)20,039.29
(-) Cash Dividends Paid (M)14,040.00
(=) Cash Retained (M)5,999.29
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,007.862,504.911,502.95
Cash Retained (M)5,999.295,999.295,999.29
(-) Cash Required (M)-4,007.86-2,504.91-1,502.95
(=) Excess Retained (M)1,991.433,494.384,496.34
(/) Shares Outstanding (M)1,080.061,080.061,080.06
(=) Excess Retained per Share1.843.244.16
LTM Dividend per Share13.0013.0013.00
(+) Excess Retained per Share1.843.244.16
(=) Adjusted Dividend14.8416.2317.16
WACC / Discount Rate1.51%1.51%1.51%
Growth Rate-2.00%-1.00%0.00%
Fair Value$414.13$639.69$1,134.69
Upside / Downside117.96%236.68%497.21%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)20,039.2919,838.8919,640.5119,444.1019,249.6619,057.1619,628.88
Payout Ratio70.06%74.05%78.04%82.02%86.01%90.00%92.50%
Projected Dividends (M)14,040.0014,690.6815,326.9415,949.0116,557.1117,151.4518,156.71

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.51%1.51%1.51%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)14,325.6114,471.7914,617.97
Year 2 PV (M)14,574.6514,873.6115,175.61
Year 3 PV (M)14,789.3115,246.6815,713.38
Year 4 PV (M)14,971.6615,592.1616,231.76
Year 5 PV (M)15,123.6815,911.2016,731.20
PV of Terminal Value (M)1,601,009.461,684,377.731,771,183.34
Equity Value (M)1,674,794.371,760,473.191,849,653.26
Shares Outstanding (M)1,080.061,080.061,080.06
Fair Value$1,550.64$1,629.97$1,712.54
Upside / Downside716.13%757.88%801.34%

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