NABELA SHUHAILA BINTI ROSLI

62211121023 // IF 20

a) Variable Dividend Growth Mode

(2020) g1=5.3% (2021) g2=4.3%

0 1 2 3

D0= 0.60 D1= 0.60(1+0.053) D2=0.63(1+0.053)2 D3=1.47(1+0.053)3

=RM0.63 =RM1.47 =RM1.72

0.63/ (1+0.048)

=RM0.60

= 1.64 (1+0.043) 1 / (0.048-0.043)

= RM342.10

1.47/ (1+0.048)

=RM1.40

1.72/ (1+0.048)

=RM1.64
b) Relative PE Approach

P/E = RM23.85 / 3.70

=RM6.44

Maxis Berhad market price 3.78 as at 1 Nov 2022 is Undervalued in the stock market

c) Buffet Valuation Model

d) Book Value Per Share (BVPS) (2021)

(Total shareholder equity – pref share ) / No. of common shares outstanding

= (1597-0 ) / 7826

=0.20

e) Net Tangible Asset Book Value (NTAB)

(Shareholders’ Fund – (Intangible Asset + Pref. Share)) / No. of common shares outstanding

(38049-(11474+0) / 7826

=3.39