DDM Analysis: MERK.JK

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
Upside	1,041.54%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	168.91%	0.22%	318.99	321.18	239.43	123.32	128.65	2.27	2,815.51	273.41	99.80	490.54
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

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	35,701.06	22,313.16	13,387.90
Cash Retained (M)	102,208.43	102,208.43	102,208.43
(-) Cash Required (M)	-35,701.06	-22,313.16	-13,387.90
(=) Excess Retained (M)	66,507.37	79,895.27	88,820.53
(/) Shares Outstanding (M)	448.00	448.00	448.00
(=) Excess Retained per Share	148.45	178.34	198.26
LTM Dividend per Share	170.31	170.31	170.31
(+) Excess Retained per Share	148.45	178.34	198.26
(=) Adjusted Dividend	318.76	348.64	368.57
WACC / Discount Rate	6.53%	6.53%	6.53%
Growth Rate	4.84%	5.84%	6.84%
Fair Value	$19,778.92	$53,506.52	$78,757.29
Upside / Downside	591.57%	1,770.86%	2,653.75%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	178,505.28	188,935.30	199,974.75	211,659.23	224,026.43	237,116.25	244,229.73
Payout Ratio	42.74%	52.19%	61.65%	71.10%	80.55%	90.00%	92.50%
Projected Dividends (M)	76,296.85	98,612.24	123,274.92	150,483.00	180,449.74	213,404.62	225,912.50

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.53%	6.53%	6.53%
Growth Rate	4.84%	5.84%	6.84%
Year 1 PV (M)	91,690.73	92,565.29	93,439.84
Year 2 PV (M)	106,577.11	108,619.89	110,682.06
Year 3 PV (M)	120,968.21	124,462.75	128,023.94
Year 4 PV (M)	134,876.01	140,095.93	145,465.91
Year 5 PV (M)	148,312.20	155,521.48	163,008.42
PV of Terminal Value (M)	4,444,408.47	4,660,445.98	4,884,804.05
Equity Value (M)	5,046,832.73	5,281,711.31	5,525,424.23
Shares Outstanding (M)	448.00	448.00	448.00
Fair Value	$11,265.25	$11,789.53	$12,333.54
Upside / Downside	293.89%	312.22%	331.24%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 63 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
112610.KS	CS Wind Corporation	2.43%	$982.89	21.73%
300452.SZ	Anhui Sunhere Pharmaceutical Excipients Co.,Ltd.	2.43%	$0.33	58.46%
603599.SS	Anhui Guangxin Agrochemical Co., Ltd.	2.43%	$0.28	35.02%
605286.SS	Jiangsu Tongli Risheng Machinery Co., Ltd.	2.43%	$0.99	75.51%
9569.SR	Almuneef Company for Trade, Industry, Agriculture and Contracting	2.43%	$0.20	19.26%
ALV	Autoliv, Inc.	2.43%	$2.97	30.32%
KEPEN.AT	Flour Mills Kepenos S.A.	2.43%	$0.05	39.82%
MSAB-B.ST	Micro Systemation AB (publ)	2.43%	$1.50	65.33%
NEOE3.SA	Neoenergia S.A.	2.43%	$0.77	21.26%
OV8.SI	Sheng Siong Group Ltd	2.43%	$0.06	66.54%
VIL.PA	VIEL & Cie, S.A.	2.43%	$0.40	12.44%
002236.SZ	Zhejiang Dahua Technology Co., Ltd.	2.42%	$0.46	38.43%
006730.KQ	Seobu T&D Co., Ltd.	2.42%	$309.73	27.66%
071050.KS	Korea Investment Holdings Co., Ltd.	2.42%	$3,984.93	13.09%
0DQK.L	Beter Bed Holding N.V.	2.42%	$0.15	53.98%
2409.TW	AUO Corporation	2.42%	$0.31	41.22%
300453.SZ	Jiangxi Sanxin Medtec Co.,Ltd.	2.42%	$0.21	45.08%
600064.SS	Nanjing Gaoke Company Limited	2.42%	$0.21	15.60%
601236.SS	Hongta Securities Co., Ltd.	2.42%	$0.20	95.69%
9550.SR	Sure Global Tech Company	2.42%	$1.52	28.67%
9562.SR	Foods Gate Trading Co.	2.42%	$0.67	13.40%
AEONTS-R.BK	AEON Thana Sinsap (Thailand) Public Company Limited	2.42%	$2.60	21.04%
NMAN.ST	Nederman Holding AB (publ)	2.42%	$4.00	47.45%
SALIK.AE	Salik Company P.J.S.C.	2.42%	$0.16	83.74%
SKMO.ST	Skåne-möllan AB (publ)	2.42%	$1.40	96.86%
001130.KS	Daehan Flour Mills Co.,Ltd	2.41%	$3,470.92	10.83%
080160.KQ	Modetour Network Inc.	2.41%	$249.37	24.80%
0U96.L	Everest Re Group, Ltd.	2.41%	$8.07	61.23%
3591.T	Wacoal Holdings Corp.	2.41%	$106.27	49.77%
601966.SS	Shandong Linglong Tyre Co.,Ltd.	2.41%	$0.35	42.43%
7951.T	Yamaha Corporation	2.41%	$26.35	66.95%
BORG.ST	Björn Borg AB (publ)	2.41%	$1.50	43.49%
EIOF.OL	Eidesvik Offshore ASA	2.41%	$0.30	28.32%
ETTE.HE	Etteplan Oyj	2.41%	$0.23	71.21%
ZZ-B.ST	Zinzino AB (publ)	2.41%	$3.76	58.64%
002968.SZ	New Dazheng Property Group Co., Ltd.	2.40%	$0.29	59.28%
0NZN.L	Robertet S.A.	2.40%	$21.10	23.60%
4015.SR	Jamjoom Pharmaceuticals Factory Company	2.40%	$3.46	54.14%
7703.TWO	Rayzher	2.40%	$5.49	59.71%
BBL.AX	Brisbane Broncos Limited	2.40%	$0.04	25.15%
002158.SZ	Shanghai Hanbell Precise Machinery Co., Ltd.	2.39%	$0.60	60.14%
004690.KS	Samchully Co.,Ltd	2.39%	$3,000.02	10.30%
0GVS.L	Catena AB (publ)	2.39%	$8.76	32.84%
300577.SZ	Anhui Korrun Co., Ltd.	2.39%	$0.51	36.22%
3044.TW	Tripod Technology Corporation	2.39%	$7.48	42.14%
603080.SS	Xinjiang Torch Gas Co., Ltd	2.39%	$0.57	43.55%
6780.TWO	Study King Co., Ltd.	2.39%	$0.80	89.60%
6804.T	Hosiden Corporation	2.39%	$59.44	25.81%
KBLM.JK	PT Kabelindo Murni Tbk	2.39%	$8.08	12.05%
SCANFL.HE	Scanfil Oyj	2.39%	$0.24	42.33%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

PT Merck Tbk (MERK.JK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener