Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Elang Mahkota Teknologi Tbk (EMTK.JK)

Company Dividend Discount ModelIndustry: BroadcastingSector: Communication Services

Valuation Snapshot

Stable Growth$1,444.62 - $2,750.67$1,970.72
Multi-Stage$1,288.26 - $1,405.56$1,345.85
Blended Fair Value$1,658.29
Current Price$484.00
Upside242.62%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.77%-3.39%8.737.236.140.040.005.237.009.1614.0847.40
YoY Growth--20.79%17.75%17,347.96%0.00%-100.00%-25.25%-23.58%-34.92%-70.30%284.71%
Dividend Yield--1.60%1.65%0.78%0.00%0.00%1.05%0.86%1.07%1.60%5.02%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,545,680.85
(-) Cash Dividends Paid (M)2,687,775.59
(=) Cash Retained (M)2,857,905.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,109,136.17693,210.11415,926.06
Cash Retained (M)2,857,905.262,857,905.262,857,905.26
(-) Cash Required (M)-1,109,136.17-693,210.11-415,926.06
(=) Excess Retained (M)1,748,769.092,164,695.152,441,979.19
(/) Shares Outstanding (M)61,152.3761,152.3761,152.37
(=) Excess Retained per Share28.6035.4039.93
LTM Dividend per Share43.9543.9543.95
(+) Excess Retained per Share28.6035.4039.93
(=) Adjusted Dividend72.5579.3583.88
WACC / Discount Rate9.74%9.74%9.74%
Growth Rate4.49%5.49%6.49%
Fair Value$1,444.62$1,970.72$2,750.67
Upside / Downside198.48%307.17%468.32%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,545,680.855,850,225.326,171,494.056,510,405.446,867,928.367,245,084.887,462,437.42
Payout Ratio48.47%56.77%65.08%73.39%81.69%90.00%92.50%
Projected Dividends (M)2,687,775.593,321,341.714,016,387.594,777,754.965,610,631.926,520,576.396,902,754.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.74%9.74%9.74%
Growth Rate4.49%5.49%6.49%
Year 1 PV (M)2,997,888.643,026,578.893,055,269.14
Year 2 PV (M)3,272,197.373,335,127.903,398,657.83
Year 3 PV (M)3,513,416.883,615,257.103,719,046.52
Year 4 PV (M)3,724,084.503,868,704.284,017,495.79
Year 5 PV (M)3,906,570.564,097,115.264,295,023.58
PV of Terminal Value (M)61,365,955.3664,359,106.7767,467,929.06
Equity Value (M)78,780,113.3182,301,890.1985,953,421.93
Shares Outstanding (M)61,152.3761,152.3761,152.37
Fair Value$1,288.26$1,345.85$1,405.56
Upside / Downside166.17%178.07%190.41%

High-Yield Dividend Screener

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