Hi Peter,
Just want to confirm.
Growth (ROE x Retention rate) weather ROEused (1 – Dividen Payaout Ratio %) or Retention Rate (How to get this??)
Pls guide.
Financial Year
31-03-2009
31-03-2010
31-03-2011
31-03-2012
31-03-2013
31-03-2014
31-03-2015
31-03-2016
31-03-2017
31-03-2018
Status
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Sales/Revenue
174.73
195.74
256.98
414.83
423.29
412.77
619.27
1015.35
1943.56
2104.51
Gross Income
28.51
38.12
51.74
69.06
75.38
62.64
87.06
155.47
195.8
232.38
EBIT (Operating Income)
9.78
16.31
28.44
42.75
46.97
33.77
52.9
93.56
127.12
151.45
Pretax Income
5.13
18.06
31.93
49.65
53.79
39.76
55.8
101.37
138.51
162.29
Net Income
2.93
13.4
26.24
36.84
39.55
29.32
42.32
81.48
103.32
127.1
Average Income (3 years)
14.19
103.97
Growth Rate ( average 3 years)
39.36%
Growth Rate
52.03%
Total Current Assets
75.72
99.72
126.77
186.6
190.75
220.58
382.89
360.64
854.16
711.76
Total Assets
159.38
177.91
211.07
263.4
268.38
302.97
564.69
555.59
1053.1
914.6
Total Current Liabilities
21.89
30.07
45.84
76.54
62.14
74.91
398.1
185.68
571.96
338.5
Total Liabilities
29
37.12
53.01
83.47
69.53
82.89
412.67
217.34
597.46
357.28
Total Shareholders’ Equity
130.39
140.8
158.06
179.94
198.85
220.07
152.02
338.24
455.64
555.65
Total Equity
130.39
140.8
158.06
179.94
198.85
220.07
152.02
338.24
455.64
557.32
Liabilities & Stockholders’ Equity – Total
159.38
177.91
211.07
263.4
268.38
302.97
564.69
555.59
1053.1
914.6
ROE
2.25%
9.88%
17.56%
21.80%
20.88%
14.00%
22.75%
33.24%
26.03%
25.09%
Average ROE
19.35%
Quartile 1 ROE
14.89%
VALUATION (SKPRESS)
Dividen Payout Ratio
47.00%
ROE used
25.09%
Growth -g (ROE x retention rate)
13.30%
,retention ratio= 1-
53.00%
k = required return
15%
V/B = (ROE-g)/(k-g)
6.939
Equity
557.32
Value
3,867.19