Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PT Colorpak Indonesia Tbk (CLPI.JK)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$3,209.08 - $6,021.86$4,353.67
Multi-Stage$5,715.75 - $6,275.46$5,990.25
Blended Fair Value$5,171.96
Current Price$1,280.00
Upside304.06%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS18.41%18.61%128.2861.4071.2389.4256.5755.1163.89102.9039.4163.03
YoY Growth--108.92%-13.79%-20.34%58.07%2.65%-13.75%-37.90%161.12%-37.48%170.66%
Dividend Yield--12.22%6.11%7.54%8.60%6.94%11.43%9.33%11.06%3.57%7.50%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)65,613.27
(-) Cash Dividends Paid (M)42,648.26
(=) Cash Retained (M)22,965.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13,122.658,201.664,921.00
Cash Retained (M)22,965.0122,965.0122,965.01
(-) Cash Required (M)-13,122.65-8,201.66-4,921.00
(=) Excess Retained (M)9,842.3514,763.3518,044.01
(/) Shares Outstanding (M)306.26306.26306.26
(=) Excess Retained per Share32.1448.2058.92
LTM Dividend per Share139.25139.25139.25
(+) Excess Retained per Share32.1448.2058.92
(=) Adjusted Dividend171.39187.46198.17
WACC / Discount Rate6.16%6.16%6.16%
Growth Rate0.77%1.77%2.77%
Fair Value$3,209.08$4,353.67$6,021.86
Upside / Downside150.71%240.13%370.46%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)65,613.2766,777.4167,962.2069,168.0270,395.2371,644.2173,793.53
Payout Ratio65.00%70.00%75.00%80.00%85.00%90.00%92.50%
Projected Dividends (M)42,648.2646,743.8950,971.4355,334.2659,835.8664,479.7968,259.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.16%6.16%6.16%
Growth Rate0.77%1.77%2.77%
Year 1 PV (M)43,600.4044,033.0544,465.71
Year 2 PV (M)44,346.3645,230.8446,124.05
Year 3 PV (M)44,904.6046,254.7047,631.59
Year 4 PV (M)45,292.2547,116.9648,996.25
Year 5 PV (M)45,525.1647,829.2150,225.61
PV of Terminal Value (M)1,526,859.871,604,134.811,684,507.28
Equity Value (M)1,750,528.641,834,599.561,921,950.49
Shares Outstanding (M)306.26306.26306.26
Fair Value$5,715.75$5,990.25$6,275.46
Upside / Downside346.54%367.99%390.27%

High-Yield Dividend Screener

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