Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Lagenda Properties Berhad (7179.KL)

Company Dividend Discount ModelIndustry: Residential ConstructionSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$6.52 - $31.66$13.99
Multi-Stage$3.51 - $3.84$3.67
Blended Fair Value$8.83
Current Price$1.19
Upside642.35%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.050.050.050.050.000.000.000.000.000.00
YoY Growth---12.62%-0.06%18.23%1,010.03%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.83%3.56%4.19%3.18%0.27%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)180.72
(-) Cash Dividends Paid (M)54.43
(=) Cash Retained (M)126.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)36.1422.5913.55
Cash Retained (M)126.30126.30126.30
(-) Cash Required (M)-36.14-22.59-13.55
(=) Excess Retained (M)90.15103.71112.74
(/) Shares Outstanding (M)1,135.401,135.401,135.40
(=) Excess Retained per Share0.080.090.10
LTM Dividend per Share0.050.050.05
(+) Excess Retained per Share0.080.090.10
(=) Adjusted Dividend0.130.140.15
WACC / Discount Rate7.56%7.56%7.56%
Growth Rate5.50%6.50%7.50%
Fair Value$6.52$13.99$31.66
Upside / Downside448.04%1,076.00%2,560.12%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)180.72192.47204.98218.31232.50247.61255.04
Payout Ratio30.12%42.09%54.07%66.05%78.02%90.00%92.50%
Projected Dividends (M)54.4381.02110.83144.18181.40222.85235.91

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.56%7.56%7.56%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)74.6175.3276.03
Year 2 PV (M)94.0195.8097.61
Year 3 PV (M)112.63115.87119.16
Year 4 PV (M)130.51135.53140.69
Year 5 PV (M)147.66154.79162.20
PV of Terminal Value (M)3,428.063,593.633,765.55
Equity Value (M)3,987.494,170.954,361.24
Shares Outstanding (M)1,135.401,135.401,135.40
Fair Value$3.51$3.67$3.84
Upside / Downside195.12%208.70%222.79%

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