Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Signature International Berhad (7246.KL)

Company Dividend Discount ModelIndustry: Furnishings, Fixtures & AppliancesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$1.13 - $1.67$1.38
Multi-Stage$2.10 - $2.31$2.20
Blended Fair Value$1.79
Current Price$1.35
Upside32.81%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%0.070.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--5.19%0.00%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)91.42
(-) Cash Dividends Paid (M)44.55
(=) Cash Retained (M)46.88
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)18.2811.436.86
Cash Retained (M)46.8846.8846.88
(-) Cash Required (M)-18.28-11.43-6.86
(=) Excess Retained (M)28.5935.4540.02
(/) Shares Outstanding (M)643.71643.71643.71
(=) Excess Retained per Share0.040.060.06
LTM Dividend per Share0.070.070.07
(+) Excess Retained per Share0.040.060.06
(=) Adjusted Dividend0.110.120.13
WACC / Discount Rate7.88%7.88%7.88%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1.13$1.38$1.67
Upside / Downside-16.56%2.57%23.42%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)91.4290.5189.6088.7187.8286.9489.55
Payout Ratio48.72%56.98%65.23%73.49%81.74%90.00%92.50%
Projected Dividends (M)44.5551.5758.4565.1971.7978.2582.83

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.88%7.88%7.88%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)47.3247.8048.29
Year 2 PV (M)49.2150.2251.24
Year 3 PV (M)50.3651.9253.51
Year 4 PV (M)50.8852.9955.17
Year 5 PV (M)50.8953.5456.30
PV of Terminal Value (M)1,102.901,160.331,220.13
Equity Value (M)1,351.561,416.801,484.63
Shares Outstanding (M)643.71643.71643.71
Fair Value$2.10$2.20$2.31
Upside / Downside55.53%63.04%70.84%

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