Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Christiani & Nielsen (Thai) Public Company Limited (CNT.BK)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$0.37 - $0.51$0.44
Multi-Stage$0.74 - $0.81$0.77
Blended Fair Value$0.61
Current Price$1.11
Upside-45.19%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.000.000.050.040.000.050.110.050.00
YoY Growth--0.00%0.00%-100.00%25.00%0.00%-100.00%-55.18%123.61%0.00%-100.00%
Dividend Yield--0.00%0.00%0.00%2.82%2.41%0.00%2.44%4.20%1.16%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)72.82
(-) Cash Dividends Paid (M)41.12
(=) Cash Retained (M)31.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.569.105.46
Cash Retained (M)31.7031.7031.70
(-) Cash Required (M)-14.56-9.10-5.46
(=) Excess Retained (M)17.1422.6026.24
(/) Shares Outstanding (M)1,027.901,027.901,027.90
(=) Excess Retained per Share0.020.020.03
LTM Dividend per Share0.040.040.04
(+) Excess Retained per Share0.020.020.03
(=) Adjusted Dividend0.060.060.07
WACC / Discount Rate8.92%8.92%8.92%
Growth Rate-5.46%-4.46%-3.46%
Fair Value$0.37$0.44$0.51
Upside / Downside-66.43%-60.12%-53.96%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)72.8269.5766.4663.5060.6757.9659.70
Payout Ratio56.47%63.17%69.88%76.59%83.29%90.00%92.50%
Projected Dividends (M)41.1243.9546.4548.6350.5352.1655.22

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.92%8.92%8.92%
Growth Rate-5.46%-4.46%-3.46%
Year 1 PV (M)39.9340.3540.77
Year 2 PV (M)38.3439.1539.97
Year 3 PV (M)36.4737.6438.83
Year 4 PV (M)34.4335.9137.43
Year 5 PV (M)32.2934.0335.85
PV of Terminal Value (M)577.57608.77641.30
Equity Value (M)759.02795.85834.17
Shares Outstanding (M)1,027.901,027.901,027.90
Fair Value$0.74$0.77$0.81
Upside / Downside-33.48%-30.25%-26.89%

High-Yield Dividend Screener

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