Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Merck Tbk (MERK.JK)

Company Dividend Discount ModelIndustry: Drug Manufacturers - Specialty & GenericSector: Healthcare

Valuation Snapshot

Stable Growth$19,778.92 - $78,757.29$53,506.52
Multi-Stage$11,265.25 - $12,333.54$11,789.53
Blended Fair Value$32,648.03
Current Price$2,860.00
Upside1,041.54%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS168.91%0.22%318.99321.18239.43123.32128.652.272,815.51273.4199.80490.54
YoY Growth---0.68%34.14%94.15%-4.14%5,571.43%-99.92%929.78%173.95%-79.65%57.25%
Dividend Yield--9.35%8.11%4.96%3.08%4.06%0.13%69.86%4.34%1.08%6.91%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)178,505.28
(-) Cash Dividends Paid (M)76,296.85
(=) Cash Retained (M)102,208.43
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)35,701.0622,313.1613,387.90
Cash Retained (M)102,208.43102,208.43102,208.43
(-) Cash Required (M)-35,701.06-22,313.16-13,387.90
(=) Excess Retained (M)66,507.3779,895.2788,820.53
(/) Shares Outstanding (M)448.00448.00448.00
(=) Excess Retained per Share148.45178.34198.26
LTM Dividend per Share170.31170.31170.31
(+) Excess Retained per Share148.45178.34198.26
(=) Adjusted Dividend318.76348.64368.57
WACC / Discount Rate6.53%6.53%6.53%
Growth Rate4.84%5.84%6.84%
Fair Value$19,778.92$53,506.52$78,757.29
Upside / Downside591.57%1,770.86%2,653.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)178,505.28188,935.30199,974.75211,659.23224,026.43237,116.25244,229.73
Payout Ratio42.74%52.19%61.65%71.10%80.55%90.00%92.50%
Projected Dividends (M)76,296.8598,612.24123,274.92150,483.00180,449.74213,404.62225,912.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.53%6.53%6.53%
Growth Rate4.84%5.84%6.84%
Year 1 PV (M)91,690.7392,565.2993,439.84
Year 2 PV (M)106,577.11108,619.89110,682.06
Year 3 PV (M)120,968.21124,462.75128,023.94
Year 4 PV (M)134,876.01140,095.93145,465.91
Year 5 PV (M)148,312.20155,521.48163,008.42
PV of Terminal Value (M)4,444,408.474,660,445.984,884,804.05
Equity Value (M)5,046,832.735,281,711.315,525,424.23
Shares Outstanding (M)448.00448.00448.00
Fair Value$11,265.25$11,789.53$12,333.54
Upside / Downside293.89%312.22%331.24%

High-Yield Dividend Screener

« Prev Page 58 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
000597.SZNortheast Pharmaceutical Group Co., Ltd.2.72%$0.1454.16%
002282.SZBosun Co., Ltd.2.72%$0.2057.69%
005300.KSLotte Chilsung Beverage Co., Ltd.2.72%$3,646.4052.67%
3019.TWAsia Optical Co., Inc.2.72%$3.9158.36%
5469.TWHannStar Board Corporation2.72%$2.5238.49%
5493.TWOSanlien Technology Corp.2.72%$2.4757.58%
605001.SSQingdao Victall Railway Co., Ltd.2.72%$0.2176.35%
6727.TWacom Co., Ltd.2.72%$22.0470.93%
BEM-R.BKBangkok Expressway and Metro Public Company Limited2.72%$0.1559.21%
BTEBaytex Energy Corp.2.72%$0.0932.39%
CLA-B.STCloetta AB (publ)2.72%$1.1043.72%
EVEN3.SAEven Construtora e Incorporadora S.A.2.72%$0.2044.47%
SNZ.AXSummerset Group Holdings Limited2.72%$0.298.91%
001270.KSBOOKOOK Securities Co., Ltd.2.71%$1,510.8429.90%
033100.KQCheryong Electric Co.,Ltd.2.71%$1,000.1526.62%
0RAR.LStratec SE2.71%$0.6049.62%
2706.TWFirst Hotel Company Ltd.2.71%$0.3560.83%
2734.TSALA Corporation2.71%$30.7339.50%
4051.SRBaazeem Trading Company2.71%$0.1874.35%
601002.SSGem-Year Industrial Co.,Ltd.2.71%$0.1462.84%
601326.SSQinhuangdao Port Co., Ltd.2.71%$0.0932.66%
7224.TShinMaywa Industries, Ltd.2.71%$51.9640.11%
AN3PG.AXAustralia and New Zealand Banking Group Ltd2.71%$2.7663.53%
002478.SZJiangsu Changbao Steeltube Co.,Ltd2.70%$0.2332.58%
0QMS.Ldormakaba Holding AG2.70%$1.7452.32%
0R9D.LAeroporto Guglielmo Marconi di Bologna S.p.A.2.70%$0.2839.70%
2739.TWMy Humble House Hospitality Management Consulting Co., Ltd.2.70%$0.9758.64%
300140.SZCECEP Environmental Protection Equipment Co.,Ltd.2.70%$0.1868.84%
4142.SRRiyadh Cables Group Company2.70%$3.5049.02%
603100.SSChongqing Chuanyi Automation Co., Ltd.2.70%$0.6242.77%
603871.SSJiayou International Logistics Co.,Ltd2.70%$0.3848.36%
605028.SSNingbo Shimao Energy Co.,Ltd2.70%$0.8077.70%
6705.TWOMARTAS Precision Slide Co.,Ltd2.70%$1.8441.49%
688571.SSHangzhou Toka Ink Co., Ltd.2.70%$0.2073.79%
8390.TWOJiin Yeeh Ding Enterprises Corp.2.70%$2.4940.37%
8936.TWOKuo Toong International Co., Ltd.2.70%$1.4843.88%
CMRY.JKPT Cisarua Mountain Dairy Tbk2.70%$150.0160.59%
CRJ.WACreepy Jar S.A.2.70%$10.9346.34%
DHG.AXDomain Holdings Australia Limited2.70%$0.1284.16%
SYNSAM.STSynsam AB (publ)2.70%$1.8063.88%
300481.SZPuyang Huicheng Electronic Material Co., Ltd.2.69%$0.4280.91%
3069.KLMega First Corporation Berhad2.69%$0.0920.68%
3147.TWOJetwell Computer Co., Ltd.2.69%$4.4637.85%
4023.TKureha Corporation2.69%$109.8152.33%
600888.SSXinjiang Joinworld Co.,Ltd.2.69%$0.2247.19%
601139.SSShenzhen Gas Corporation Ltd.2.69%$0.1841.90%
6462.TRiken Corporation2.69%$100.2521.01%
8261.TWAdvanced Power Electronics Co., Ltd.2.69%$2.4949.60%
GPG.STGenova Property Group AB (publ)2.69%$1.0719.48%
QB7.DEQuirin Privatbank AG2.69%$0.0918.14%