Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

S 11 Group Public Company Limited (S11.BK)

Company Dividend Discount ModelIndustry: Rental & Leasing ServicesSector: Industrials

Valuation Snapshot

Stable Growth$5.59 - $8.80$7.06
Multi-Stage$13.65 - $15.05$14.33
Blended Fair Value$10.70
Current Price$2.96
Upside261.42%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.100.260.250.380.390.330.340.380.17
YoY Growth---100.00%-61.54%4.00%-34.21%-2.56%18.18%-2.94%-10.53%123.64%0.00%
Dividend Yield--0.00%3.55%5.19%4.07%5.08%8.48%4.50%4.51%4.36%1.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)345.70
(-) Cash Dividends Paid (M)61.30
(=) Cash Retained (M)284.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)69.1443.2125.93
Cash Retained (M)284.40284.40284.40
(-) Cash Required (M)-69.14-43.21-25.93
(=) Excess Retained (M)215.26241.19258.47
(/) Shares Outstanding (M)607.73607.73607.73
(=) Excess Retained per Share0.350.400.43
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.350.400.43
(=) Adjusted Dividend0.460.500.53
WACC / Discount Rate5.98%5.98%5.98%
Growth Rate-2.00%-1.00%0.00%
Fair Value$5.59$7.06$8.80
Upside / Downside88.90%138.63%197.45%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)345.70342.25338.82335.43332.08328.76338.62
Payout Ratio17.73%32.19%46.64%61.09%75.55%90.00%92.50%
Projected Dividends (M)61.30110.15158.02204.93250.87295.88313.23

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.98%5.98%5.98%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)102.89103.94104.99
Year 2 PV (M)137.88140.70143.56
Year 3 PV (M)167.01172.18177.45
Year 4 PV (M)190.98198.89207.05
Year 5 PV (M)210.39221.35232.76
PV of Terminal Value (M)7,483.567,873.248,278.99
Equity Value (M)8,292.718,710.319,144.80
Shares Outstanding (M)607.73607.73607.73
Fair Value$13.65$14.33$15.05
Upside / Downside361.00%384.21%408.36%

High-Yield Dividend Screener

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