Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Jiin Yeeh Ding Enterprises Corp. (8390.TWO)

Company Dividend Discount ModelIndustry: Waste ManagementSector: Industrials

Valuation Snapshot

Stable Growth$78.53 - $134.02$102.59
Multi-Stage$83.75 - $91.52$87.56
Blended Fair Value$95.08
Current Price$69.90
Upside36.02%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS37.29%0.00%2.191.872.231.981.200.450.000.000.000.00
YoY Growth--17.16%-16.39%12.50%65.87%166.85%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.34%3.29%5.69%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)595.26
(-) Cash Dividends Paid (M)240.29
(=) Cash Retained (M)354.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)119.0574.4144.64
Cash Retained (M)354.97354.97354.97
(-) Cash Required (M)-119.05-74.41-44.64
(=) Excess Retained (M)235.91280.56310.32
(/) Shares Outstanding (M)96.7296.7296.72
(=) Excess Retained per Share2.442.903.21
LTM Dividend per Share2.482.482.48
(+) Excess Retained per Share2.442.903.21
(=) Adjusted Dividend4.925.395.69
WACC / Discount Rate9.55%9.55%9.55%
Growth Rate3.09%4.09%5.09%
Fair Value$78.53$102.59$134.02
Upside / Downside12.34%46.77%91.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)595.26619.61644.95671.34698.80727.39749.21
Payout Ratio40.37%50.29%60.22%70.15%80.07%90.00%92.50%
Projected Dividends (M)240.29311.63388.39470.92559.55654.65693.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.55%9.55%9.55%
Growth Rate3.09%4.09%5.09%
Year 1 PV (M)281.71284.45287.18
Year 2 PV (M)317.41323.60329.85
Year 3 PV (M)347.92358.14368.56
Year 4 PV (M)373.72388.43403.58
Year 5 PV (M)395.27414.81435.12
PV of Terminal Value (M)6,383.676,699.347,027.39
Equity Value (M)8,099.708,468.788,851.68
Shares Outstanding (M)96.7296.7296.72
Fair Value$83.75$87.56$91.52
Upside / Downside19.81%25.27%30.93%

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