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Snt Dynamics Co.,Ltd. (003570.KS)

Company Dividend Discount ModelIndustry: Aerospace & DefenseSector: Industrials

Valuation Snapshot

Stable Growth$171,172.53 - $713,219.33$434,991.18
Multi-Stage$86,582.66 - $94,627.68$90,531.89
Blended Fair Value$262,761.53
Current Price$72,300.00
Upside263.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS29.66%14.94%835.35491.38393.10301.64520.78227.990.000.00265.74132.87
YoY Growth--70.00%25.00%30.32%-42.08%128.42%0.00%0.00%-100.00%100.00%-35.98%
Dividend Yield--2.74%2.76%4.50%3.63%6.94%4.13%0.00%0.00%2.96%0.99%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)81,719.29
(-) Cash Dividends Paid (M)44,787.70
(=) Cash Retained (M)36,931.59
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)16,343.8610,214.916,128.95
Cash Retained (M)36,931.5936,931.5936,931.59
(-) Cash Required (M)-16,343.86-10,214.91-6,128.95
(=) Excess Retained (M)20,587.7326,716.6830,802.64
(/) Shares Outstanding (M)22.7922.7922.79
(=) Excess Retained per Share903.501,172.471,351.78
LTM Dividend per Share1,965.521,965.521,965.52
(+) Excess Retained per Share903.501,172.471,351.78
(=) Adjusted Dividend2,869.023,137.993,317.30
WACC / Discount Rate7.27%7.27%7.27%
Growth Rate5.50%6.50%7.50%
Fair Value$171,172.53$434,991.18$713,219.33
Upside / Downside136.75%501.65%886.47%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)81,719.2987,031.0492,688.0698,712.79105,129.12111,962.51115,321.39
Payout Ratio54.81%61.85%68.88%75.92%82.96%90.00%92.50%
Projected Dividends (M)44,787.7053,824.7163,847.3074,945.4287,216.54100,766.26106,672.28

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.27%7.27%7.27%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)49,706.5150,177.6650,648.81
Year 2 PV (M)54,450.9755,488.1156,535.03
Year 3 PV (M)59,025.5060,719.9162,446.44
Year 4 PV (M)63,434.4265,873.9368,383.13
Year 5 PV (M)67,681.9470,951.0074,345.18
PV of Terminal Value (M)1,678,634.831,759,713.521,843,895.28
Equity Value (M)1,972,934.172,062,924.132,156,253.88
Shares Outstanding (M)22.7922.7922.79
Fair Value$86,582.66$90,531.89$94,627.68
Upside / Downside19.75%25.22%30.88%

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