DDM Analysis: AEFES.IS

Valuation Snapshot

Stable Growth	$546.51 - $643.88	$603.41
Multi-Stage	$140.29 - $153.76	$146.90
Blended Fair Value	$375.15
Current Price	$13.83
Upside	2,612.61%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	46.16%	0.00%	0.92	0.69	0.91	0.68	0.19	0.14	0.12	0.06	0.05	0.08
YoY Growth	-	-	33.76%	-24.53%	34.50%	265.85%	34.25%	17.67%	97.42%	20.59%	-41.00%	0.00%
Dividend Yield	-	-	5.42%	0.44%	1.42%	2.53%	0.88%	0.80%	0.65%	0.22%	0.25%	0.39%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	10,543.54
(-) Cash Dividends Paid (M)	2,677.87
(=) Cash Retained (M)	7,865.67

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,108.71	1,317.94	790.77
Cash Retained (M)	7,865.67	7,865.67	7,865.67
(-) Cash Required (M)	-2,108.71	-1,317.94	-790.77
(=) Excess Retained (M)	5,756.97	6,547.73	7,074.91
(/) Shares Outstanding (M)	3,256.58	3,256.58	3,256.58
(=) Excess Retained per Share	1.77	2.01	2.17
LTM Dividend per Share	0.82	0.82	0.82
(+) Excess Retained per Share	1.77	2.01	2.17
(=) Adjusted Dividend	2.59	2.83	2.99
WACC / Discount Rate	5.39%	5.39%	5.39%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$546.51	$603.41	$643.88
Upside / Downside	3,851.62%	4,263.05%	4,555.68%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	10,543.54	11,228.87	11,958.75	12,736.06	13,563.91	14,445.56	14,878.93
Payout Ratio	25.40%	38.32%	51.24%	64.16%	77.08%	90.00%	92.50%
Projected Dividends (M)	2,677.87	4,302.74	6,127.53	8,171.37	10,455.01	13,001.01	13,763.01

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.39%	5.39%	5.39%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	4,044.42	4,082.76	4,121.10
Year 2 PV (M)	5,413.89	5,517.00	5,621.10
Year 3 PV (M)	6,786.25	6,981.06	7,179.56
Year 4 PV (M)	8,161.53	8,475.40	8,798.24
Year 5 PV (M)	9,539.73	10,000.50	10,478.91
PV of Terminal Value (M)	422,905.31	443,331.79	464,540.05
Equity Value (M)	456,851.13	478,388.52	500,738.95
Shares Outstanding (M)	3,256.58	3,256.58	3,256.58
Fair Value	$140.29	$146.90	$153.76
Upside / Downside	914.36%	962.18%	1,011.80%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 61 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
017810.KS	Pulmuone Co., Ltd.	2.55%	$331.61	65.57%
023160.KQ	Tae Kwang Corporation	2.55%	$535.13	21.10%
3152.TWO	Advanced Ceramic X Corporation	2.55%	$3.66	36.41%
600415.SS	Zhejiang China Commodities City Group Co., Ltd.	2.55%	$0.41	53.66%
601808.SS	China Oilfield Services Limited	2.55%	$0.36	43.75%
7606.T	United Arrows Ltd.	2.55%	$62.63	43.42%
CYRE3.SA	Cyrela Brazil Realty S.A. Empreendimentos e Participações	2.55%	$0.61	12.29%
JUNGH.SW	Jungheinrich AG	2.55%	$0.79	22.62%
RENT3.SA	Localiza Rent a Car S.A.	2.55%	$1.11	66.67%
002380.KS	KCC Corporation	2.54%	$10,000.23	6.25%
1527.HK	Zhejiang Tengy Environmental Technology Co., Ltd	2.54%	$0.05	4.95%
5212.KL	Pavilion Real Estate Investment Trust	2.54%	$0.05	39.63%
5489.TWO	DynaColor, Inc.	2.54%	$1.02	50.42%
600273.SS	Zhejiang Jiahua Energy Chemical Industry Co.,Ltd.	2.54%	$0.22	28.18%
600724.SS	Ningbo Fuda Company Limited	2.54%	$0.15	96.79%
7505.T	Fuso Dentsu Co., Ltd.	2.54%	$48.50	22.36%
8850.T	Starts Corporation Inc.	2.54%	$121.52	25.36%
BLAU3.SA	Blau Farmacêutica S.A.	2.54%	$0.35	19.81%
2367.HK	Giant Biogene Holding Co., Ltd.	2.53%	$0.87	22.55%
2701.TW	Wan Hwa Enterprise Company Ltd.	2.53%	$0.28	52.89%
600963.SS	Yueyang Forest & Paper Co., Ltd.	2.53%	$0.12	48.95%
603697.SS	YouYou Foods Co., Ltd.	2.53%	$0.31	63.16%
CK-R.BK	CH. Karnchang Public Company Limited	2.53%	$0.30	25.56%
SCHO.CO	Aktieselskabet Schouw & Co.	2.53%	$16.81	42.51%
003006.SZ	Chongqing Baiya Sanitary Products Co., Ltd.	2.52%	$0.55	80.44%
5191.T	Sumitomo Riko Company Limited	2.52%	$66.01	23.54%
600406.SS	NARI Technology Co., Ltd.	2.52%	$0.57	56.63%
600909.SS	Huaan Securities Co., Ltd.	2.52%	$0.17	38.30%
603811.SS	Zhejiang Cheng Yi Pharmaceutical Co., Ltd.	2.52%	$0.26	37.15%
BESALCO.SN	Besalco S.A.	2.52%	$30.59	34.76%
000019.SZ	Shenzhen Cereals Holdings Co., Ltd.	2.51%	$0.17	62.11%
094820.KQ	Iljin Power Co., Ltd.	2.51%	$320.01	48.44%
0QVR.L	Scandi Standard AB (publ)	2.51%	$2.49	52.58%
4041.T	Nippon Soda Co., Ltd.	2.51%	$90.77	32.02%
600056.SS	China Meheco Group Co., Ltd.	2.51%	$0.26	71.36%
605169.SS	Xinjiang Hongtong Natural Gas Co., Ltd.	2.51%	$0.33	91.06%
6691.TW	Yankey Engineering Co., Ltd.	2.51%	$13.92	62.80%
7483.T	Doshisha Co.,Ltd.	2.51%	$82.93	37.87%
GPSC-R.BK	Global Power Synergy Public Company Limited	2.51%	$0.90	51.48%
HOVE.CO	Hove A/S	2.51%	$0.14	34.71%
NOLA-B.ST	Nolato AB (publ)	2.51%	$1.50	51.20%
0QNH.L	Huber+Suhner AG	2.50%	$3.61	49.61%
100840.KS	SNT Energy Co., Ltd.	2.50%	$899.87	27.57%
138490.KS	Kolon Plastics, Inc.	2.50%	$200.40	17.45%
2612.T	Kadoya Sesame Mills Incorporated	2.50%	$99.85	34.73%
603112.SS	Shanxi Huaxiang Group Co., Ltd.	2.50%	$0.43	43.19%
603766.SS	Loncin Motor Co., Ltd.	2.50%	$0.40	45.87%
ISCTR.IS	Türkiye Is Bankasi A.S.	2.50%	$0.36	16.38%
002539.SZ	Chengdu Wintrue Holding Co., Ltd.	2.49%	$0.29	41.75%
2542.TW	Highwealth Construction Corp.	2.49%	$0.98	39.34%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi (AEFES.IS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener