Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Multikarya Asia Pasifik Raya Tb (MKAP.JK)

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

Valuation Snapshot

Stable Growth$124.92 - $187.97$154.73
Multi-Stage$243.85 - $268.51$255.93
Blended Fair Value$205.33
Current Price$342.00
Upside-39.96%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%0.000.001.690.000.000.000.000.000.000.00
YoY Growth--0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%1.09%0.00%0.00%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)47,962.53
(-) Cash Dividends Paid (M)9,743.54
(=) Cash Retained (M)38,218.98
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9,592.515,995.323,597.19
Cash Retained (M)38,218.9838,218.9838,218.98
(-) Cash Required (M)-9,592.51-5,995.32-3,597.19
(=) Excess Retained (M)28,626.4832,223.6734,621.79
(/) Shares Outstanding (M)3,250.003,250.003,250.00
(=) Excess Retained per Share8.819.9110.65
LTM Dividend per Share3.003.003.00
(+) Excess Retained per Share8.819.9110.65
(=) Adjusted Dividend11.8112.9113.65
WACC / Discount Rate7.26%7.26%7.26%
Growth Rate-2.00%-1.00%0.00%
Fair Value$124.92$154.73$187.97
Upside / Downside-63.47%-54.76%-45.04%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)47,962.5347,482.9047,008.0746,537.9946,072.6145,611.8846,980.24
Payout Ratio20.31%34.25%48.19%62.13%76.06%90.00%92.50%
Projected Dividends (M)9,743.5416,263.8122,652.6928,912.1735,044.2041,050.7043,456.72

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.26%7.26%7.26%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)15,009.5115,162.6715,315.83
Year 2 PV (M)19,293.4019,689.1520,088.92
Year 3 PV (M)22,725.5323,428.3324,145.48
Year 4 PV (M)25,421.0726,474.6627,560.66
Year 5 PV (M)27,481.6428,912.6730,402.71
PV of Terminal Value (M)682,576.69718,120.04755,128.87
Equity Value (M)792,507.85831,787.53872,642.46
Shares Outstanding (M)3,250.003,250.003,250.00
Fair Value$243.85$255.93$268.51
Upside / Downside-28.70%-25.17%-21.49%

High-Yield Dividend Screener

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