Definitive Analysis
Definitive Analysis

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SD BioSensor, Inc (137310.KS)

Company Dividend Discount ModelIndustry: Medical - Instruments & SuppliesSector: Healthcare

Valuation Snapshot

Stable Growth$8,090.09 - $12,228.61$10,040.51
Multi-Stage$16,144.73 - $17,779.00$16,945.79
Blended Fair Value$13,493.15
Current Price$9,930.00
Upside35.88%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS0.00%0.00%0.32245.461,650.84414.710.000.000.000.000.000.00
YoY Growth---99.87%-85.13%298.07%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%2.06%7.82%0.74%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)113,215.48
(-) Cash Dividends Paid (M)24,175.19
(=) Cash Retained (M)89,040.29
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)22,643.1014,151.938,491.16
Cash Retained (M)89,040.2989,040.2989,040.29
(-) Cash Required (M)-22,643.10-14,151.93-8,491.16
(=) Excess Retained (M)66,397.2074,888.3680,549.13
(/) Shares Outstanding (M)120.38120.38120.38
(=) Excess Retained per Share551.54622.08669.10
LTM Dividend per Share200.82200.82200.82
(+) Excess Retained per Share551.54622.08669.10
(=) Adjusted Dividend752.36822.89869.92
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate-2.00%-1.00%0.00%
Fair Value$8,090.09$10,040.51$12,228.61
Upside / Downside-18.53%1.11%23.15%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)113,215.48112,083.32110,962.49109,852.87108,754.34107,666.79110,896.80
Payout Ratio21.35%35.08%48.81%62.54%76.27%90.00%92.50%
Projected Dividends (M)24,175.1939,321.7454,162.9668,703.4182,947.6496,900.11102,579.54

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)36,339.4536,710.2637,081.07
Year 2 PV (M)46,258.7147,207.5848,166.08
Year 3 PV (M)54,226.9355,903.9357,615.16
Year 4 PV (M)60,504.3163,011.9365,596.70
Year 5 PV (M)65,320.9068,722.3172,263.96
PV of Terminal Value (M)1,680,925.211,768,454.891,859,593.47
Equity Value (M)1,943,575.512,040,010.902,140,316.45
Shares Outstanding (M)120.38120.38120.38
Fair Value$16,144.73$16,945.79$17,779.00
Upside / Downside62.59%70.65%79.04%

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