Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Roda Vivatex Tbk (RDTX.JK)

Company Dividend Discount ModelIndustry: Real Estate - ServicesSector: Real Estate

Valuation Snapshot

Stable Growth$37,188.01 - $195,241.66$67,075.41
Multi-Stage$33,354.37 - $36,482.98$34,889.78
Blended Fair Value$50,982.59
Current Price$12,300.00
Upside314.49%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS65.14%26.57%1,103.931,003.92464.50134.8789.8789.8855.0090.0074.7284.68
YoY Growth--9.96%116.13%244.41%50.07%-0.01%63.41%-38.89%20.45%-11.76%-19.05%
Dividend Yield--9.05%7.05%4.42%1.87%1.34%1.91%0.71%1.76%1.00%1.06%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)310,301.35
(-) Cash Dividends Paid (M)296,737.12
(=) Cash Retained (M)13,564.23
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)62,060.2738,787.6723,272.60
Cash Retained (M)13,564.2313,564.2313,564.23
(-) Cash Required (M)-62,060.27-38,787.67-23,272.60
(=) Excess Retained (M)-48,496.04-25,223.44-9,708.38
(/) Shares Outstanding (M)268.80268.80268.80
(=) Excess Retained per Share-180.42-93.84-36.12
LTM Dividend per Share1,103.931,103.931,103.93
(+) Excess Retained per Share-180.42-93.84-36.12
(=) Adjusted Dividend923.521,010.101,067.82
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate3.85%4.85%5.85%
Fair Value$37,188.01$67,075.41$195,241.66
Upside / Downside202.34%445.33%1,487.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)310,301.35325,340.46341,108.46357,640.68374,974.15393,147.70404,942.13
Payout Ratio95.63%94.50%93.38%92.25%91.13%90.00%92.50%
Projected Dividends (M)296,737.12307,456.35318,517.58329,928.81341,697.96353,832.93374,571.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate3.85%4.85%5.85%
Year 1 PV (M)286,138.07288,893.46291,648.85
Year 2 PV (M)275,878.45281,217.23286,607.16
Year 3 PV (M)265,948.04273,705.17281,611.69
Year 4 PV (M)256,336.90266,354.11276,662.08
Year 5 PV (M)247,035.39259,160.92271,757.99
PV of Terminal Value (M)7,634,316.688,009,040.978,398,337.34
Equity Value (M)8,965,653.539,378,371.869,806,625.12
Shares Outstanding (M)268.80268.80268.80
Fair Value$33,354.37$34,889.78$36,482.98
Upside / Downside171.17%183.66%196.61%

High-Yield Dividend Screener

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