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DY Corporation (013570.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$44,702.35 - $218,842.22$95,184.03
Multi-Stage$30,347.96 - $33,261.99$31,777.89
Blended Fair Value$63,480.96
Current Price$4,260.00
Upside1,390.16%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS11.01%3.53%260.23188.90202.67160.63154.39154.39173.71177.55141.40183.61
YoY Growth--37.76%-6.79%26.17%4.04%0.00%-11.12%-2.17%25.56%-22.99%-0.16%
Dividend Yield--6.87%3.28%3.23%1.58%2.70%4.43%3.11%2.92%1.91%2.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)27,399.87
(-) Cash Dividends Paid (M)5,676.94
(=) Cash Retained (M)21,722.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,479.973,424.982,054.99
Cash Retained (M)21,722.9321,722.9321,722.93
(-) Cash Required (M)-5,479.97-3,424.98-2,054.99
(=) Excess Retained (M)16,242.9618,297.9519,667.94
(/) Shares Outstanding (M)24.6624.6624.66
(=) Excess Retained per Share658.70742.03797.59
LTM Dividend per Share230.21230.21230.21
(+) Excess Retained per Share658.70742.03797.59
(=) Adjusted Dividend888.91972.251,027.80
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate4.46%5.46%6.46%
Fair Value$44,702.35$95,184.03$218,842.22
Upside / Downside949.35%2,134.37%5,037.14%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)27,399.8728,896.2330,474.3132,138.5733,893.7235,744.7236,817.06
Payout Ratio20.72%34.58%48.43%62.29%76.14%90.00%92.50%
Projected Dividends (M)5,676.949,990.8914,759.1120,018.3225,807.9632,170.2534,055.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate4.46%5.46%6.46%
Year 1 PV (M)9,288.829,377.749,466.66
Year 2 PV (M)12,757.6913,003.1213,250.88
Year 3 PV (M)16,087.7716,554.2317,029.62
Year 4 PV (M)19,283.1420,032.2020,802.87
Year 5 PV (M)22,347.8023,438.1524,570.64
PV of Terminal Value (M)668,593.79701,214.41735,096.03
Equity Value (M)748,359.02783,619.84820,216.70
Shares Outstanding (M)24.6624.6624.66
Fair Value$30,347.96$31,777.89$33,261.99
Upside / Downside612.39%645.96%680.80%

High-Yield Dividend Screener

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