Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Johns Lyng Group Limited (JLG.AX)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$51.31 - $60.45$56.65
Multi-Stage$37.23 - $40.85$39.00
Blended Fair Value$47.83
Current Price$3.17
Upside1,408.77%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS13.58%0.00%0.070.090.070.050.040.040.020.000.000.00
YoY Growth---20.90%30.22%47.11%35.43%-7.87%152.95%0.00%0.00%0.00%0.00%
Dividend Yield--2.27%1.59%1.31%0.83%0.69%1.62%1.03%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)85.11
(-) Cash Dividends Paid (M)45.66
(=) Cash Retained (M)39.45
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17.0210.646.38
Cash Retained (M)39.4539.4539.45
(-) Cash Required (M)-17.02-10.64-6.38
(=) Excess Retained (M)22.4228.8133.06
(/) Shares Outstanding (M)279.99279.99279.99
(=) Excess Retained per Share0.080.100.12
LTM Dividend per Share0.160.160.16
(+) Excess Retained per Share0.080.100.12
(=) Adjusted Dividend0.240.270.28
WACC / Discount Rate1.06%1.06%1.06%
Growth Rate5.50%6.50%7.50%
Fair Value$51.31$56.65$60.45
Upside / Downside1,518.58%1,687.10%1,806.96%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)85.1190.6496.53102.81109.49116.61120.10
Payout Ratio53.65%60.92%68.19%75.46%82.73%90.00%92.50%
Projected Dividends (M)45.6655.2265.8377.5890.58104.94111.10

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.06%1.06%1.06%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)54.1354.6455.15
Year 2 PV (M)63.2564.4665.67
Year 3 PV (M)73.0775.1777.31
Year 4 PV (M)83.6386.8590.16
Year 5 PV (M)94.9899.57104.33
PV of Terminal Value (M)10,054.7310,540.3811,044.61
Equity Value (M)10,423.7910,921.0611,437.23
Shares Outstanding (M)279.99279.99279.99
Fair Value$37.23$39.00$40.85
Upside / Downside1,074.40%1,130.43%1,188.58%

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