Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

PT Merck Tbk (MERK.JK)

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

Valuation Snapshot

Stable Growth$19,826.75 - $78,757.29$53,824.65
Multi-Stage$11,278.78 - $12,348.40$11,803.72
Blended Fair Value$32,814.18
Current Price$2,860.00
Upside1,047.35%
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$19,826.75$53,824.65$78,757.29
Upside / Downside593.24%1,781.98%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)91,694.2492,568.8393,443.42
Year 2 PV (M)106,585.27108,628.20110,690.53
Year 3 PV (M)120,982.10124,477.03128,038.63
Year 4 PV (M)134,896.65140,117.37145,488.18
Year 5 PV (M)148,340.57155,551.24163,039.61
PV of Terminal Value (M)4,450,393.964,666,722.424,891,382.65
Equity Value (M)5,052,892.805,288,065.095,532,083.02
Shares Outstanding (M)448.00448.00448.00
Fair Value$11,278.78$11,803.72$12,348.40
Upside / Downside294.36%312.72%331.76%

High-Yield Dividend Screener

« Prev Page 6 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
RIVER.OLRiver Tech p.l.c.10.78%$0.4364.39%
RZSB.MEJoint-Stock Company Ryazanenergosbyt10.78%$3.7168.15%
1193.HKChina Resources Gas Group Limited10.77%$2.3064.05%
601166.SSIndustrial Bank Co., Ltd.10.76%$2.2762.03%
7757.TWOLebledor F&B Co., Ltd.10.76%$12.4863.66%
KYLO.ATLoulis Food Ingredients S.A.10.71%$0.4088.89%
0220.HKUni-President China Holdings Ltd10.69%$0.8694.83%
9919.HKActivation Group Holdings Limited10.69%$0.1146.94%
1358.HKPW Medtech Group Limited10.66%$0.1468.89%
1809.HKPrinx Chengshan Holdings Limited10.66%$0.8521.37%
LCS.TOBrompton Lifeco Split Corp.10.66%$1.1817.54%
KSC.AXK&S Corporation Limited10.64%$0.3577.01%
2146.HKRoiserv Lifestyle Services Co., Ltd.10.62%$0.1524.06%
ALUP11.SAAlupar Investimento S.A.10.60%$3.3996.11%
2886.HKBinhai Investment Company Limited10.58%$0.1236.55%
601916.SSChina Zheshang Bank Co., Ltd10.58%$0.3263.30%
3877.HKCSSC (Hong Kong) Shipping Company Limited10.55%$0.2234.11%
2387.TWSunrex Technology Corporation10.53%$4.0579.22%
EMAAR.AEEmaar Properties PJSC10.52%$1.4986.86%
L-PB.TOLoblaw Companies Limited10.50%$2.6231.91%
0315.HKSmarTone Telecommunications Holdings Limited10.48%$0.5057.53%
TGHN.DELogwin AG10.47%$26.8057.77%
BJBR.JKPT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk10.46%$85.2589.95%
MASTER.BKMaster Style Public Company Limited10.45%$0.7865.02%
0QQM.LIVF Hartmann Holding AG10.44%$14.5194.28%
VCOM.BKVintcom Technology Public Company Limited10.44%$0.3185.35%
ANI.BKAsia Network International Public Company Limited10.43%$0.3194.26%
LPSB3.SALPS Brasil - Consultoria de Imóveis S.A.10.43%$0.1783.48%
0842.HKLeoch International Technology Limited10.40%$0.2231.41%
1600.HKTian Lun Gas Holdings Limited10.40%$0.3345.16%
2111.HKBest Pacific International Holdings Limited10.40%$0.3437.60%
OTL.OLOdfjell Technology Ltd.10.40%$5.9771.20%
RCO.PARémy Cointreau S.A.10.38%$3.7763.28%
1979.HKTen Pao Group Holdings Limited10.37%$0.2329.45%
6938.TWONewebinfo10.34%$8.3570.00%
0032.HKThe Cross-Harbour (Holdings) Limited10.33%$0.8429.78%
TPBI.BKTPBI Public Company Limited10.33%$0.3061.20%
ALFLE.PAFleury Michon S.A.10.32%$2.6016.71%
0916.HKChina Longyuan Power Group Corporation Limited10.31%$0.7098.82%
KUBE.MERosseti Kuban PJSC10.31%$14.6288.00%
BAZA3.SABanco da Amazônia S.A.10.29%$8.0041.79%
0QON.LAscom Holding AG10.28%$0.3979.12%
NPR.AXNewmark Property REIT10.28%$0.1565.75%
FMG.AXFortescue Ltd10.26%$2.2776.64%
GAGS.VIGurktaler AG10.26%$1.5999.02%
1525.HKShanghai Gench Education Group Limited10.25%$0.2722.33%
LHHOTEL.BKLH Hotel Leasehold Real Estate Investment Trust10.25%$1.3358.58%
WAX.AXWAM Research Limited10.25%$0.1210.33%
0006.HKPower Assets Holdings Limited10.23%$5.6498.48%
151860.KQKG Eco Solution Co.,Ltd.10.21%$561.5130.85%