DDM Analysis: TOTO.JK

Valuation Snapshot

Stable Growth	$319.38 - $480.25	$395.45
Multi-Stage	$387.45 - $423.54	$405.16
Blended Fair Value	$400.31
Current Price	$224.00
Upside	78.71%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	13.89%	3.39%	20.04	18.19	16.22	9.54	2.86	10.46	17.10	7.61	11.40	11.17
YoY Growth	-	-	10.21%	12.12%	70.05%	233.76%	-72.68%	-38.82%	124.82%	-33.26%	2.07%	-22.26%
Dividend Yield	-	-	9.37%	8.34%	6.14%	4.22%	1.35%	5.23%	4.30%	2.03%	2.46%	1.80%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	376,436.45
(-) Cash Dividends Paid (M)	135,925.86
(=) Cash Retained (M)	240,510.59

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	75,287.29	47,054.56	28,232.73
Cash Retained (M)	240,510.59	240,510.59	240,510.59
(-) Cash Required (M)	-75,287.29	-47,054.56	-28,232.73
(=) Excess Retained (M)	165,223.30	193,456.03	212,277.86
(/) Shares Outstanding (M)	10,320.00	10,320.00	10,320.00
(=) Excess Retained per Share	16.01	18.75	20.57
LTM Dividend per Share	13.17	13.17	13.17
(+) Excess Retained per Share	16.01	18.75	20.57
(=) Adjusted Dividend	29.18	31.92	33.74
WACC / Discount Rate	10.65%	10.65%	10.65%
Growth Rate	1.39%	2.39%	3.39%
Fair Value	$319.38	$395.45	$480.25
Upside / Downside	42.58%	76.54%	114.40%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	376,436.45	385,425.96	394,630.16	404,054.15	413,703.19	423,582.66	436,290.14
Payout Ratio	36.11%	46.89%	57.67%	68.44%	79.22%	90.00%	92.50%
Projected Dividends (M)	135,925.86	180,714.15	227,564.06	276,548.53	327,742.77	381,224.40	403,568.38

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	10.65%	10.65%	10.65%
Growth Rate	1.39%	2.39%	3.39%
Year 1 PV (M)	161,722.75	163,317.84	164,912.93
Year 2 PV (M)	182,247.52	185,860.30	189,508.53
Year 3 PV (M)	198,202.11	204,124.80	210,164.32
Year 4 PV (M)	210,207.89	218,624.59	227,291.56
Year 5 PV (M)	218,814.22	229,820.12	241,264.49
PV of Terminal Value (M)	3,027,246.25	3,179,510.45	3,337,840.78
Equity Value (M)	3,998,440.74	4,181,258.10	4,370,982.61
Shares Outstanding (M)	10,320.00	10,320.00	10,320.00
Fair Value	$387.45	$405.16	$423.54
Upside / Downside	72.97%	80.88%	89.08%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 80 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
301151.SZ	Shanghai Karon Eco-Valve Manufacturing Co., Ltd.	1.64%	$0.31	64.22%
4912.T	Lion Corporation	1.64%	$27.13	35.97%
5328.TWO	Hua Jung Components Co.,Ltd.	1.64%	$0.35	73.35%
600256.SS	Guanghui Energy Co., Ltd.	1.64%	$0.08	26.14%
605365.SS	Leedarson IoT Technology Inc.	1.64%	$0.44	81.91%
6244.TWO	Motech Industries Inc.	1.64%	$0.34	98.50%
6367.T	Daikin Industries,Ltd.	1.64%	$330.12	35.31%
6383.T	Daifuku Co., Ltd.	1.64%	$80.66	36.37%
6454.T	Max Co., Ltd.	1.64%	$113.15	45.27%
LSS.PA	Lectra S.A.	1.64%	$0.41	50.95%
MEVA.AT	Mevaco S.A.	1.64%	$0.15	13.50%
MOVI3.SA	Movida Participações S.A.	1.64%	$0.16	19.79%
SRSOLTD.BO	Silicon Rental Solutions Ltd.	1.64%	$1.90	9.23%
002266.SZ	Zhefu Holding Group Co., Ltd.	1.63%	$0.07	37.41%
0GDU.L	Paradox Interactive AB (publ)	1.63%	$5.00	82.82%
300121.SZ	Shandong Yanggu Huatai Chemical Co., Ltd.	1.63%	$0.21	53.84%
603013.SS	YAPP Automotive Systems Co., Ltd.	1.63%	$0.40	37.85%
603081.SS	Zhejiang Dafeng Industry Co., Ltd	1.63%	$0.23	92.61%
603194.SS	Zhejiang E-P Equipment Co Ltd	1.63%	$0.64	29.27%
603221.SS	Elegant Home-Tech Co., Ltd.	1.63%	$0.21	78.59%
BEI.DE	Beiersdorf AG	1.63%	$1.52	25.19%
CLD.WA	Cloud Technologies S.A.	1.63%	$1.14	92.28%
IVS.MI	IVS Group S.A.	1.63%	$0.12	62.72%
LDO.MI	Leonardo S.p.A.	1.63%	$0.84	33.82%
MEOH	Methanex Corporation	1.63%	$0.67	24.08%
PARKIN.AE	Parkin Company PJSC	1.63%	$0.09	49.98%
051900.KS	LG H&H Co., Ltd.	1.62%	$4,377.83	70.74%
0F4O.L	Lotus Bakeries N.V.	1.62%	$133.75	36.00%
300206.SZ	Edan Instruments, Inc.	1.62%	$0.21	48.61%
5393.T	Nichias Corporation	1.62%	$110.01	23.11%
603385.SS	Huida Sanitary Ware Co., Ltd.	1.62%	$0.11	69.37%
605050.SS	Friend Co.,Ltd.	1.62%	$0.22	30.01%
7378.T	ASIRO Inc.	1.62%	$23.93	20.21%
BPAC11.SA	Banco BTG Pactual S.A.	1.62%	$0.84	27.38%
GRMN	Garmin Ltd.	1.62%	$3.28	40.42%
RUBFILA.BO	Rubfila International Limited	1.62%	$1.20	22.45%
VALO.BA	Banco de Valores S.A.	1.62%	$8.91	22.52%
WAS.WA	Wasko S.A.	1.62%	$0.03	19.20%
002152.SZ	GRG Banking Equipment Co., Ltd.	1.61%	$0.22	65.18%
002457.SZ	Ningxia Qinglong Pipes Industry Group Co., Ltd.	1.61%	$0.18	28.21%
002913.SZ	Aoshikang Technology Co., Ltd.	1.61%	$0.69	60.58%
007570.KS	Ilyang Pharmaceutical Co.,Ltd	1.61%	$210.74	33.61%
066570.KS	LG Electronics Inc.	1.61%	$1,472.83	36.12%
603181.SS	Zhejiang Huangma Technology Co.,Ltd	1.61%	$0.23	29.53%
603416.SS	WuXi Xinje Electric Co.,Ltd.	1.61%	$0.89	59.24%
ABB.AX	Aussie Broadband Limited	1.61%	$0.08	39.83%
H22.SI	Hong Leong Asia Ltd.	1.61%	$0.04	31.75%
MATAS.CO	Matas A/S	1.61%	$2.00	26.57%
SRSN.JK	PT Indo Acidatama Tbk	1.61%	$1.00	12.49%
000050.KS	Kyungbangco.Ltd	1.60%	$149.61	11.55%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

PT Surya Toto Indonesia Tbk (TOTO.JK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener