Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Favelle Favco Berhad (7229.KL)

Company Dividend Discount ModelIndustry: Agricultural - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$2.14 - $3.13$2.62
Multi-Stage$3.85 - $4.24$4.04
Blended Fair Value$3.33
Current Price$1.63
Upside104.25%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-6.81%-0.22%0.090.040.920.080.140.130.130.140.140.11
YoY Growth--126.57%-95.70%1,112.49%-46.67%11.55%0.75%-10.00%0.00%26.44%21.32%
Dividend Yield--5.25%1.82%48.48%2.76%6.19%6.83%4.92%5.47%5.15%3.97%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)67.22
(-) Cash Dividends Paid (M)21.22
(=) Cash Retained (M)46.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13.448.405.04
Cash Retained (M)46.0046.0046.00
(-) Cash Required (M)-13.44-8.40-5.04
(=) Excess Retained (M)32.5537.6040.96
(/) Shares Outstanding (M)237.07237.07237.07
(=) Excess Retained per Share0.140.160.17
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share0.140.160.17
(=) Adjusted Dividend0.230.250.26
WACC / Discount Rate8.14%8.14%8.14%
Growth Rate-2.22%-1.22%-0.22%
Fair Value$2.14$2.62$3.13
Upside / Downside31.25%60.50%91.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)67.2266.4065.5964.7863.9963.2165.10
Payout Ratio31.57%43.26%54.94%66.63%78.31%90.00%92.50%
Projected Dividends (M)21.2228.7236.0443.1650.1156.8960.22

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.14%8.14%8.14%
Growth Rate-2.22%-1.22%-0.22%
Year 1 PV (M)26.2926.5626.83
Year 2 PV (M)30.1930.8131.44
Year 3 PV (M)33.1034.1335.18
Year 4 PV (M)35.1836.6438.15
Year 5 PV (M)36.5538.4640.45
PV of Terminal Value (M)752.47791.75832.65
Equity Value (M)913.79958.351,004.69
Shares Outstanding (M)237.07237.07237.07
Fair Value$3.85$4.04$4.24
Upside / Downside136.47%148.00%159.99%

High-Yield Dividend Screener

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