Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

PT Bank Tabungan Negara (Persero) Tbk (BBTN.JK)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$4,172.26 - $8,821.12$5,916.85
Multi-Stage$5,009.81 - $5,496.35$5,248.49
Blended Fair Value$5,582.67
Current Price$1,285.00
Upside334.45%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.51%4.10%49.8943.3916.930.001.4940.0143.1437.3226.3815.90
YoY Growth--14.97%156.29%0.00%-100.00%-96.27%-7.25%15.60%41.49%65.91%-52.39%
Dividend Yield--5.64%2.91%1.38%0.00%0.09%4.94%1.88%1.11%1.21%0.94%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,227,615.00
(-) Cash Dividends Paid (M)751,833.00
(=) Cash Retained (M)2,475,782.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)645,523.00403,451.88242,071.13
Cash Retained (M)2,475,782.002,475,782.002,475,782.00
(-) Cash Required (M)-645,523.00-403,451.88-242,071.13
(=) Excess Retained (M)1,830,259.002,072,330.132,233,710.88
(/) Shares Outstanding (M)14,034.4414,034.4414,034.44
(=) Excess Retained per Share130.41147.66159.16
LTM Dividend per Share53.5753.5753.57
(+) Excess Retained per Share130.41147.66159.16
(=) Adjusted Dividend183.98201.23212.73
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate2.51%3.51%4.51%
Fair Value$4,172.26$5,916.85$8,821.12
Upside / Downside224.69%360.46%586.47%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,227,615.003,340,929.343,458,221.893,579,632.323,705,305.213,835,390.183,950,451.88
Payout Ratio23.29%36.64%49.98%63.32%76.66%90.00%92.50%
Projected Dividends (M)751,833.001,223,949.821,728,289.902,266,533.892,840,440.753,451,851.163,654,167.99

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate2.51%3.51%4.51%
Year 1 PV (M)1,132,497.781,143,545.381,154,592.98
Year 2 PV (M)1,479,667.331,508,676.661,537,967.60
Year 3 PV (M)1,795,491.931,848,551.641,902,646.52
Year 4 PV (M)2,081,999.992,164,436.742,249,297.64
Year 5 PV (M)2,341,104.482,457,542.362,578,567.79
PV of Terminal Value (M)61,479,143.9464,536,889.2567,715,106.84
Equity Value (M)70,309,905.4673,659,642.0377,138,179.38
Shares Outstanding (M)14,034.4414,034.4414,034.44
Fair Value$5,009.81$5,248.49$5,496.35
Upside / Downside289.87%308.44%327.73%

High-Yield Dividend Screener

« Prev Page 9 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0293.HKCathay Pacific Airways Limited9.31%$1.1841.45%
ROMI3.SARomi S.A.9.31%$0.7473.26%
SKUE.OLSkue Sparebank9.31%$32.5919.52%
4589.TWOMotion Technology Electric & Machinery Co., Ltd.9.30%$3.2567.47%
SSTRT.BKSub Sri Thai Real Estate Investment Trust9.30%$0.4078.24%
CLPI.JKPT Colorpak Indonesia Tbk9.29%$139.3665.00%
GXH.NZGreen Cross Health Limited9.27%$0.1047.49%
MOL.BDMOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság9.27%$272.6077.71%
ORG.AXOrigin Energy Limited9.27%$1.0562.89%
0259.HKYeebo (International Holdings) Limited9.26%$0.3611.31%
WEHB.BRWereldhave Belgium9.26%$4.9846.05%
0KD1.LTubacex, S.A.9.24%$0.3299.60%
ACL.AXAustralian Clinical Labs Limited9.21%$0.2579.65%
BMRI.JKPT Bank Mandiri (Persero) Tbk9.19%$466.1884.49%
0116.HKChow Sang Sang Holdings International Limited9.18%$1.1239.62%
2284.SRModern Mills for Food Products Co.9.18%$2.6499.54%
CGRA3.SAGrazziotin S.A.9.18%$2.5751.61%
0OPJ.LABC arbitrage S.A.9.17%$0.5056.87%
000543.SZAn Hui Wenergy Company Limited9.16%$0.7369.19%
PANR.JKPT Panorama Sentrawisata Tbk9.16%$60.0023.97%
CQR.AXCharter Hall Retail REIT9.15%$0.3794.16%
ILINK.BKInterlink Communication Public Company Limited9.14%$0.4360.06%
ELD.AXElders Limited9.10%$0.6284.73%
GOP.WAGames Operators S.A.9.09%$1.0094.94%
000544.SZZhongyuan Environmental Protection Co., Ltd.9.08%$0.7669.45%
DIRR3.SADirecional Engenharia S.A.9.08%$1.2485.08%
BMKS3.SABicicletas Monark S.A.9.07%$33.5819.86%
WHA.ASWereldhave N.V.9.07%$1.7542.00%
ARBS.MIArterra Bioscience9.06%$0.2856.80%
WMI.AXWAM Microcap Limited9.06%$0.1552.69%
2386.HKSINOPEC Engineering (Group) Co., Ltd.9.05%$0.6961.95%
FGX.AXFuture Generation Australia Limited9.05%$0.1256.23%
0011.HKHang Seng Bank Limited9.04%$13.9281.46%
0552.HKChina Communications Services Corporation Limited9.04%$0.4239.96%
3092.SRRiyadh Cement Company9.03%$2.1653.08%
3320.HKChina Resources Pharmaceutical Group Limited9.01%$0.4135.95%
DF.TODividend 15 Split Corp. II9.01%$0.6814.59%
SIGN.SWSIG Group AG9.01%$1.0282.02%
ODPV3.SAOdontoprev S.A.9.00%$1.0195.59%
CDO.AXCadence Opportunities Fund Limited8.99%$0.1771.14%
MDARA.RGAS MADARA Cosmetics8.97%$0.9355.30%
SRIPANWA.BKSri panwa Hospitality Real Estate Investment Trust8.97%$0.4552.90%
ASK.AXAbacus Storage King8.96%$0.1441.63%
BBAJIOO.MXBanco del Bajío, S.A., Institución de Banca Múltiple8.95%$4.1050.16%
COFA.PACoface S.A.8.95%$1.4091.04%
0002.HKCLP Holdings Limited8.94%$6.2582.57%
2636.TWT3EX Global Holdings Corp.8.94%$6.0073.34%
IFSIntercorp Financial Services Inc.8.94%$3.7721.42%
BIZ.BKBusiness Alignment Public Company Limited8.93%$0.3664.25%
6963.HKSunshine Insurance Group Company Limited8.92%$0.3541.98%