Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Chamni's Eye Public Company Limited (CEYE.BK)

Company Dividend Discount ModelIndustry: LeisureSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$0.86 - $1.25$1.05
Multi-Stage$1.52 - $1.66$1.59
Blended Fair Value$1.32
Current Price$1.80
Upside-26.79%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS-6.39%0.00%0.150.150.350.140.000.210.060.340.000.00
YoY Growth--0.21%-56.81%151.25%0.00%-100.00%278.13%-84.00%0.00%0.00%0.00%
Dividend Yield--6.64%3.55%7.02%3.57%0.00%5.41%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)33.88
(-) Cash Dividends Paid (M)21.75
(=) Cash Retained (M)12.14
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.784.242.54
Cash Retained (M)12.1412.1412.14
(-) Cash Required (M)-6.78-4.24-2.54
(=) Excess Retained (M)5.367.909.59
(/) Shares Outstanding (M)289.96289.96289.96
(=) Excess Retained per Share0.020.030.03
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.020.030.03
(=) Adjusted Dividend0.090.100.11
WACC / Discount Rate8.66%8.66%8.66%
Growth Rate-2.00%-1.00%0.00%
Fair Value$0.86$1.05$1.25
Upside / Downside-52.23%-41.76%-30.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)33.8833.5433.2132.8832.5532.2233.19
Payout Ratio64.18%69.35%74.51%79.67%84.84%90.00%92.50%
Projected Dividends (M)21.7523.2624.7426.1927.6129.0030.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.66%8.66%8.66%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)21.1921.4121.62
Year 2 PV (M)20.5420.9621.38
Year 3 PV (M)19.8120.4221.04
Year 4 PV (M)19.0219.8120.62
Year 5 PV (M)18.2019.1520.14
PV of Terminal Value (M)340.69358.43376.91
Equity Value (M)439.45460.18481.72
Shares Outstanding (M)289.96289.96289.96
Fair Value$1.52$1.59$1.66
Upside / Downside-15.80%-11.83%-7.70%

High-Yield Dividend Screener

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