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 62 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
5139.KL	AEON Credit Service (M) Berhad	2.49%	$0.14	21.23%
MOBA.OL	Morrow Bank ASA	2.49%	$0.40	35.32%
NOKIA.HE	Nokia Oyj	2.49%	$0.14	65.00%
SUNI.JK	PT Sunindo Pratama Tbk	2.49%	$20.78	27.09%
TIPCO.BK	Tipco Foods Public Company Limited	2.49%	$0.19	33.58%
003220.KS	Daewon Pharmaceutical Co., Ltd.	2.48%	$297.36	78.76%
081000.KS	Iljin Diamond Co.,Ltd	2.48%	$298.16	39.09%
2489.HK	Persistence Resources Group Ltd	2.48%	$0.03	48.82%
2755.TWO	YoungQin International Co., Ltd.	2.48%	$2.90	54.00%
5474.TWO	Yuan High-Tech Development Co., Ltd.	2.48%	$3.99	63.53%
6665.TWO	Healthconn Corp.	2.48%	$0.51	86.65%
7276.T	Koito Manufacturing Co., Ltd.	2.48%	$57.37	33.13%
BREB.BR	Brederode S.A.	2.48%	$2.66	20.88%
ICBP.JK	PT Indofood CBP Sukses Makmur Tbk	2.48%	$200.00	25.69%
ILU.AX	Iluka Resources Limited	2.48%	$0.15	13.66%
LOXLEY.BK	Loxley Public Company Limited	2.48%	$0.03	32.70%
203450.KQ	UNION biometrics Co., Ltd.	2.47%	$77.45	17.43%
300138.SZ	ChenGuang Biotech Group Co., Ltd.	2.47%	$0.31	44.10%
600854.SS	Jiangsu chunlan refrigerating equipment stock co.,ltd.	2.47%	$0.12	53.56%
601108.SS	Caitong Securities Co.,Ltd.	2.47%	$0.22	38.34%
ACTINVRB.MX	Corporación Actinver, S. A. B. de C. V.	2.47%	$0.55	16.64%
ALCIS.PA	Catering International & Services S.A.	2.47%	$0.34	26.64%
QBR-A.TO	Quebecor Inc.	2.47%	$1.37	38.63%
U13.SI	United Overseas Insurance Limited	2.47%	$0.19	47.92%
002415.SZ	Hangzhou Hikvision Digital Technology Co., Ltd.	2.46%	$0.74	51.16%
2897.T	Nissin Foods Holdings Co.,Ltd.	2.46%	$71.75	42.73%
300144.SZ	Songcheng Performance Development Co.,Ltd	2.46%	$0.20	66.36%
300257.SZ	Kaishan Group Co., Ltd.	2.46%	$0.35	85.09%
4452.T	Kao Corporation	2.46%	$153.90	58.66%
6530.TWO	Axcen Photonics Corporation	2.46%	$1.53	82.52%
6571.T	QB Net Holdings Co.,Ltd.	2.46%	$34.31	43.61%
7298.T	Yachiyo Industry Co., Ltd.	2.46%	$34.07	16.58%
2478.TW	TA-I Technology Co., Ltd.	2.45%	$1.52	53.44%
603305.SS	Ningbo Xusheng Auto Technology Co., Ltd.	2.45%	$0.40	98.16%
603919.SS	JINHUI LIQUOR Co.,Ltd.	2.45%	$0.50	65.59%
688616.SS	Hangzhou Xili Intelligent Technology Co.,Ltd	2.45%	$0.30	55.59%
KALMAR.HE	Kalmar Oyj	2.45%	$1.00	44.14%
TOWR.JK	PT Sarana Menara Nusantara Tbk.	2.45%	$14.34	23.50%
VIVT3.SA	Telefônica Brasil S.A.	2.45%	$0.80	42.63%
103140.KS	Poongsan Corporation	2.44%	$2,600.49	39.75%
300017.SZ	Wangsu Science & Technology Co.,Ltd.	2.44%	$0.25	72.18%
3086.T	J. Front Retailing Co., Ltd.	2.44%	$53.53	43.66%
600182.SS	Giti Tire Corporation	2.44%	$0.37	89.97%
600785.SS	Yinchuan Xinhua Commercial (Group) Co., Ltd.	2.44%	$0.33	55.95%
601636.SS	Zhuzhou Kibing Group Co.,Ltd	2.44%	$0.15	64.94%
ELET5.SA	Centrais Elétricas Brasileiras S.A. - Eletrobrás	2.44%	$1.92	63.99%
LISN.SW	Chocoladefabriken Lindt & Sprüngli AG	2.44%	$2,845.60	50.18%
SCA-A.ST	Svenska Cellulosa Aktiebolaget SCA (publ)	2.44%	$3.00	59.52%
000858.SZ	Wuliangye Yibin Co.,Ltd.	2.43%	$2.58	35.17%
002328.SZ	Shanghai Xinpeng Industry Co.,Ltd.	2.43%	$0.16	82.89%

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