Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dayang Enterprise Holdings Bhd (5141.KL)

Company Dividend Discount ModelIndustry: Oil & Gas Equipment & ServicesSector: Energy

Valuation Snapshot

Stable Growth$2.86 - $5.93$4.03
Multi-Stage$3.12 - $3.41$3.26
Blended Fair Value$3.65
Current Price$1.60
Upside127.92%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%1.86%0.060.030.020.020.000.000.000.000.000.03
YoY Growth--100.00%99.99%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%-46.84%
Dividend Yield--3.14%1.24%1.12%1.67%0.00%0.00%0.00%0.00%0.00%2.21%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)186.04
(-) Cash Dividends Paid (M)162.09
(=) Cash Retained (M)23.95
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)37.2123.2613.95
Cash Retained (M)23.9523.9523.95
(-) Cash Required (M)-37.21-23.26-13.95
(=) Excess Retained (M)-13.250.7010.00
(/) Shares Outstanding (M)1,157.771,157.771,157.77
(=) Excess Retained per Share-0.010.000.01
LTM Dividend per Share0.140.140.14
(+) Excess Retained per Share-0.010.000.01
(=) Adjusted Dividend0.130.140.15
WACC / Discount Rate7.93%7.93%7.93%
Growth Rate3.29%4.29%5.29%
Fair Value$2.86$4.03$5.93
Upside / Downside78.94%151.94%270.83%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)186.04194.02202.34211.02220.07229.51236.40
Payout Ratio87.12%87.70%88.27%88.85%89.42%90.00%92.50%
Projected Dividends (M)162.09170.16178.62187.49196.80206.56218.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.93%7.93%7.93%
Growth Rate3.29%4.29%5.29%
Year 1 PV (M)156.15157.66159.17
Year 2 PV (M)150.42153.34156.30
Year 3 PV (M)144.89149.14153.47
Year 4 PV (M)139.56145.05150.69
Year 5 PV (M)134.43141.06147.95
PV of Terminal Value (M)2,888.413,030.973,179.10
Equity Value (M)3,613.863,777.223,946.68
Shares Outstanding (M)1,157.771,157.771,157.77
Fair Value$3.12$3.26$3.41
Upside / Downside95.09%103.91%113.05%

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