Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Mastersystem Infotama Tbk. (MSTI.JK)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$1,376.27 - $2,051.51$1,697.62
Multi-Stage$2,711.81 - $2,976.43$2,841.56
Blended Fair Value$2,269.59
Current Price$1,565.00
Upside45.02%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%99.83111.4952.56127.4227.550.000.000.000.000.00
YoY Growth---10.46%112.12%-58.75%362.43%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--7.11%7.88%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)528,628.73
(-) Cash Dividends Paid (M)370,451.11
(=) Cash Retained (M)158,177.62
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)105,725.7566,078.5939,647.15
Cash Retained (M)158,177.62158,177.62158,177.62
(-) Cash Required (M)-105,725.75-66,078.59-39,647.15
(=) Excess Retained (M)52,451.8792,099.03118,530.47
(/) Shares Outstanding (M)3,139.273,139.273,139.27
(=) Excess Retained per Share16.7129.3437.76
LTM Dividend per Share118.01118.01118.01
(+) Excess Retained per Share16.7129.3437.76
(=) Adjusted Dividend134.71147.34155.76
WACC / Discount Rate7.59%7.59%7.59%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1,376.27$1,697.62$2,051.51
Upside / Downside-12.06%8.47%31.09%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)528,628.73523,342.44518,109.02512,927.93507,798.65502,720.66517,802.28
Payout Ratio70.08%74.06%78.05%82.03%86.02%90.00%92.50%
Projected Dividends (M)370,451.11387,598.92404,366.73420,760.42436,785.80452,448.60478,967.11

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.59%7.59%7.59%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)356,607.99360,246.85363,885.70
Year 2 PV (M)342,288.60349,309.72356,402.12
Year 3 PV (M)327,687.90337,821.87348,162.65
Year 4 PV (M)312,969.89325,941.03339,311.24
Year 5 PV (M)298,271.53313,803.22329,975.29
PV of Terminal Value (M)6,875,279.507,233,291.267,606,064.08
Equity Value (M)8,513,105.418,920,413.949,343,801.09
Shares Outstanding (M)3,139.273,139.273,139.27
Fair Value$2,711.81$2,841.56$2,976.43
Upside / Downside73.28%81.57%90.19%

High-Yield Dividend Screener

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