DDM Analysis: TCELL.IS

Valuation Snapshot

Stable Growth	$143.10 - $319.45	$206.83
Multi-Stage	$109.56 - $119.30	$114.34
Blended Fair Value	$160.59
Current Price	$96.15
Upside	67.02%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	48.80%	97.33%	3.36	1.14	1.10	1.18	0.37	0.46	0.87	1.37	0.00	1.80
YoY Growth	-	-	194.35%	3.91%	-6.80%	218.59%	-19.67%	-47.23%	-36.47%	0.00%	-100.00%	47,929.86%
Dividend Yield	-	-	3.56%	1.70%	3.43%	5.22%	2.47%	3.73%	7.30%	9.06%	0.00%	15.20%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	15,649.01
(-) Cash Dividends Paid (M)	10,988.21
(=) Cash Retained (M)	4,660.80

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	3,129.80	1,956.13	1,173.68
Cash Retained (M)	4,660.80	4,660.80	4,660.80
(-) Cash Required (M)	-3,129.80	-1,956.13	-1,173.68
(=) Excess Retained (M)	1,531.00	2,704.67	3,487.12
(/) Shares Outstanding (M)	2,179.46	2,179.46	2,179.46
(=) Excess Retained per Share	0.70	1.24	1.60
LTM Dividend per Share	5.04	5.04	5.04
(+) Excess Retained per Share	0.70	1.24	1.60
(=) Adjusted Dividend	5.74	6.28	6.64
WACC / Discount Rate	9.74%	9.74%	9.74%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$143.10	$206.83	$319.45
Upside / Downside	48.82%	115.11%	232.24%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	15,649.01	16,666.19	17,749.49	18,903.21	20,131.92	21,440.50	22,083.71
Payout Ratio	70.22%	74.17%	78.13%	82.09%	86.04%	90.00%	92.50%
Projected Dividends (M)	10,988.21	12,361.87	13,867.68	15,517.02	17,322.18	19,296.45	20,427.43

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.74%	9.74%	9.74%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	11,159.42	11,265.20	11,370.98
Year 2 PV (M)	11,301.06	11,516.31	11,733.59
Year 3 PV (M)	11,415.14	11,742.82	12,076.72
Year 4 PV (M)	11,503.58	11,945.97	12,401.01
Year 5 PV (M)	11,568.19	12,126.94	12,707.07
PV of Terminal Value (M)	181,829.01	190,611.42	199,729.95
Equity Value (M)	238,776.39	249,208.66	260,019.32
Shares Outstanding (M)	2,179.46	2,179.46	2,179.46
Fair Value	$109.56	$114.34	$119.30
Upside / Downside	13.94%	18.92%	24.08%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 90 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
688267.SS	China Catalyst Holding Co., Ltd.	1.26%	$0.35	34.87%
8848.T	Leopalace21 Corporation	1.26%	$8.31	27.11%
BAUH4.SA	Excelsior Alimentos S.A.	1.26%	$1.17	21.88%
CAST.ST	Castellum AB (publ)	1.26%	$1.33	21.53%
CRH	CRH plc	1.26%	$1.60	33.62%
HBEL.BO	Humming Bird Education Limited	1.26%	$0.30	36.54%
JCI	Johnson Controls International plc	1.26%	$1.54	56.71%
KOG.OL	Kongsberg Gruppen ASA	1.26%	$3.40	42.40%
OEM-B.ST	OEM International AB (publ)	1.26%	$1.74	40.26%
SAREGAMA.BO	Saregama India Limited	1.26%	$4.51	42.77%
SDPC.JK	PT Millennium Pharmacon International Tbk	1.26%	$2.00	15.16%
002448.SZ	ZYNP Corporation	1.25%	$0.16	32.06%
0QLU.L	Basler Kantonalbank	1.25%	$1.11	12.42%
145720.KS	Dentium Co. Ltd.	1.25%	$599.51	9.81%
204320.KS	Mando Corporation	1.25%	$820.37	29.46%
3684.TWO	Grand-Tek Technology Co., Ltd.	1.25%	$0.80	29.94%
5819.KL	Hong Leong Bank Berhad	1.25%	$0.28	13.43%
600633.SS	Zhejiang Daily Digital Culture Group Co.,Ltd.	1.25%	$0.16	35.54%
600850.SS	CETC Digital Technology Co.,Ltd.	1.25%	$0.37	49.83%
603329.SS	Shanghai Ace Investment & Development Co., Ltd.	1.25%	$0.14	79.14%
603920.SS	Olympic Circuit Technology Co., Ltd	1.25%	$0.61	53.40%
6632.T	JVCKENWOOD Corporation	1.25%	$15.03	12.26%
9717.T	JASTEC Co., Ltd.	1.25%	$24.25	22.00%
9719.T	SCSK Corporation	1.25%	$70.95	36.13%
ENTER.AT	Entersoft S.A.	1.25%	$0.10	20.30%
ETN	Eaton Corporation plc	1.25%	$4.08	40.54%
IRFC.BO	Indian Railway Finance Corporation Limited	1.25%	$1.60	30.59%
LVC.WA	LiveChat Software S.A.	1.25%	$1.46	20.71%
ORSTED.CO	Ørsted A/S	1.25%	$1.60	10.19%
000514.SZ	Chongqing Yukaifa Co., Ltd	1.24%	$0.06	55.20%
002346.SZ	Shanghai Zhezhong Group Co.,Ltd	1.24%	$0.25	18.48%
002748.SZ	Jiangxi Selon Industrial Co., Ltd.	1.24%	$0.16	89.09%
1976.T	MEISEI INDUSTRIAL Co.,Ltd.	1.24%	$21.03	12.53%
300763.SZ	Ginlong Technologies Co., Ltd.	1.24%	$0.88	39.17%
600871.SS	Sinopec Oilfield Service Corporation	1.24%	$0.03	81.02%
603585.SS	Suli Co., Ltd.	1.24%	$0.23	35.70%
605116.SS	Aurisco Pharmaceutical Co.,Ltd.	1.24%	$0.31	29.49%
ALWED.PA	Wedia S.A.	1.24%	$0.38	21.38%
MNC.WA	Mennica Polska S.A.	1.24%	$0.60	6.22%
MTHH.CO	MT Højgaard Holding A/S	1.24%	$6.49	19.74%
WALL-B.ST	Wallenstam AB (publ)	1.24%	$0.51	17.40%
WRT1V.HE	Wärtsilä Oyj Abp	1.24%	$0.38	40.46%
041830.KQ	InBody Co.,Ltd	1.23%	$400.00	16.47%
0QHK.L	SeSa S.p.A.	1.23%	$1.12	27.54%
0Y5C.L	Allegion plc	1.23%	$1.99	26.83%
300726.SZ	Zhuzhou Hongda Electronics Corp.,Ltd.	1.23%	$0.63	74.98%
300916.SZ	Shenzhen Longtech Smart Control Co., Ltd.	1.23%	$0.40	42.79%
4148.TW	All Cosmos Bio-Tech Holding Corporation	1.23%	$0.48	23.21%
544.SI	CSE Global Limited	1.23%	$0.01	26.84%
600104.SS	SAIC Motor Corporation Limited	1.23%	$0.19	75.02%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Turkcell Iletisim Hizmetleri A.S. (TCELL.IS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener