Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

HWASEUNG Industries Co.,Ltd. (006060.KS)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$14,342.77 - $72,067.50$25,659.19
Multi-Stage$13,574.28 - $14,879.66$14,214.76
Blended Fair Value$19,936.97
Current Price$3,925.00
Upside407.95%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS29.72%0.00%205.69209.08220.39251.1865.1256.0040.6635.3627.990.00
YoY Growth---1.62%-5.13%-12.26%285.75%16.28%37.73%14.97%26.35%0.00%0.00%
Dividend Yield--4.33%5.98%5.78%4.53%0.84%0.82%0.44%0.42%0.26%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)22,214.51
(-) Cash Dividends Paid (M)10,759.45
(=) Cash Retained (M)11,455.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,442.902,776.811,666.09
Cash Retained (M)11,455.0611,455.0611,455.06
(-) Cash Required (M)-4,442.90-2,776.81-1,666.09
(=) Excess Retained (M)7,012.168,678.259,788.98
(/) Shares Outstanding (M)49.1049.1049.10
(=) Excess Retained per Share142.80176.73199.35
LTM Dividend per Share219.12219.12219.12
(+) Excess Retained per Share142.80176.73199.35
(=) Adjusted Dividend361.92395.85418.47
WACC / Discount Rate6.16%6.16%6.16%
Growth Rate3.55%4.55%5.55%
Fair Value$14,342.77$25,659.19$72,067.50
Upside / Downside265.42%553.74%1,736.11%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)22,214.5123,224.6524,280.7125,384.8026,539.0927,745.8728,578.25
Payout Ratio48.43%56.75%65.06%73.37%81.69%90.00%92.50%
Projected Dividends (M)10,759.4513,179.4015,797.1818,625.7721,678.9524,971.2826,434.88

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.16%6.16%6.16%
Growth Rate3.55%4.55%5.55%
Year 1 PV (M)12,295.9012,414.6512,533.40
Year 2 PV (M)13,750.2014,017.0714,286.50
Year 3 PV (M)15,125.4715,567.9316,018.94
Year 4 PV (M)16,424.7117,068.4417,730.91
Year 5 PV (M)17,650.8318,519.7619,422.58
PV of Terminal Value (M)591,299.23620,408.23650,652.50
Equity Value (M)666,546.33697,996.07730,644.83
Shares Outstanding (M)49.1049.1049.10
Fair Value$13,574.28$14,214.76$14,879.66
Upside / Downside245.84%262.16%279.10%

High-Yield Dividend Screener

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