Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Kolon Industries, Inc. (120110.KS)

Company Dividend Discount ModelIndustry: ChemicalsSector: Basic Materials

Valuation Snapshot

Stable Growth$46,755.76 - $87,973.48$63,498.05
Multi-Stage$86,133.54 - $94,467.18$90,221.02
Blended Fair Value$76,859.54
Current Price$34,000.00
Upside126.06%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.87%9.27%1,335.501,343.641,329.39967.68893.90914.251,061.631,043.31477.67470.20
YoY Growth---0.61%1.07%37.38%8.25%-2.23%-13.88%1.76%118.42%1.59%-14.57%
Dividend Yield--4.57%3.53%2.99%1.53%1.49%3.05%2.09%1.55%0.67%0.65%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)96,637.28
(-) Cash Dividends Paid (M)95,211.20
(=) Cash Retained (M)1,426.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)19,327.4612,079.667,247.80
Cash Retained (M)1,426.081,426.081,426.08
(-) Cash Required (M)-19,327.46-12,079.66-7,247.80
(=) Excess Retained (M)-17,901.37-10,653.58-5,821.71
(/) Shares Outstanding (M)31.0931.0931.09
(=) Excess Retained per Share-575.78-342.66-187.25
LTM Dividend per Share3,062.363,062.363,062.36
(+) Excess Retained per Share-575.78-342.66-187.25
(=) Adjusted Dividend2,486.592,719.702,875.12
WACC / Discount Rate6.10%6.10%6.10%
Growth Rate0.75%1.75%2.75%
Fair Value$46,755.76$63,498.05$87,973.48
Upside / Downside37.52%86.76%158.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)96,637.2898,323.87100,039.89101,785.86103,562.31105,369.75108,530.85
Payout Ratio98.52%96.82%95.11%93.41%91.70%90.00%92.50%
Projected Dividends (M)95,211.2095,196.6195,152.5295,077.8994,971.6794,832.78100,391.03

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.10%6.10%6.10%
Growth Rate0.75%1.75%2.75%
Year 1 PV (M)88,838.9989,720.8190,602.63
Year 2 PV (M)82,867.5684,520.8186,190.40
Year 3 PV (M)77,272.6779,596.6281,966.70
Year 4 PV (M)72,031.5274,934.3377,924.01
Year 5 PV (M)67,122.6670,520.7574,055.10
PV of Terminal Value (M)2,289,823.022,405,745.792,526,316.61
Equity Value (M)2,677,956.422,805,039.112,937,055.45
Shares Outstanding (M)31.0931.0931.09
Fair Value$86,133.54$90,221.02$94,467.18
Upside / Downside153.33%165.36%177.84%

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