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Com7 Public Company Limited (COM7-R.BK)

Company Dividend Discount ModelIndustry: Specialty RetailSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$83.05 - $327.67$227.67
Multi-Stage$40.62 - $44.41$42.48
Blended Fair Value$135.08
Current Price$25.75
Upside424.57%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS22.70%23.63%0.710.760.510.510.410.250.180.130.080.00
YoY Growth---6.69%49.04%0.12%24.86%60.00%42.86%40.00%66.66%37,497,727.92%-100.00%
Dividend Yield--3.69%3.93%1.67%1.18%1.27%3.27%1.96%1.34%1.43%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,880.19
(-) Cash Dividends Paid (M)2,025.17
(=) Cash Retained (M)1,855.03
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)776.04485.02291.01
Cash Retained (M)1,855.031,855.031,855.03
(-) Cash Required (M)-776.04-485.02-291.01
(=) Excess Retained (M)1,078.991,370.001,564.01
(/) Shares Outstanding (M)2,355.002,355.002,355.00
(=) Excess Retained per Share0.460.580.66
LTM Dividend per Share0.860.860.86
(+) Excess Retained per Share0.460.580.66
(=) Adjusted Dividend1.321.441.52
WACC / Discount Rate7.17%7.17%7.17%
Growth Rate5.50%6.50%7.50%
Fair Value$83.05$227.67$327.67
Upside / Downside222.53%784.16%1,172.52%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,880.194,132.414,401.014,687.084,991.745,316.205,475.69
Payout Ratio52.19%59.75%67.32%74.88%82.44%90.00%92.50%
Projected Dividends (M)2,025.172,469.282,962.563,509.544,115.114,784.585,065.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.17%7.17%7.17%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,282.352,303.982,325.61
Year 2 PV (M)2,530.992,579.202,627.86
Year 3 PV (M)2,771.322,850.872,931.93
Year 4 PV (M)3,003.513,119.023,237.82
Year 5 PV (M)3,227.773,383.683,545.55
PV of Terminal Value (M)81,855.2085,808.8489,913.79
Equity Value (M)95,671.14100,045.58104,582.57
Shares Outstanding (M)2,355.002,355.002,355.00
Fair Value$40.62$42.48$44.41
Upside / Downside57.77%64.98%72.46%

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