Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hankuk Carbon Co., Ltd. (017960.KS)

Company Dividend Discount ModelIndustry: ChemicalsSector: Basic Materials

Valuation Snapshot

Stable Growth$45,165.61 - $266,063.68$83,113.54
Multi-Stage$26,238.59 - $28,715.30$27,454.26
Blended Fair Value$55,283.90
Current Price$32,700.00
Upside69.06%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.71%4.33%109.34112.96130.33156.4099.4282.8582.85107.70100.0599.36
YoY Growth---3.20%-13.33%-16.67%57.31%20.00%0.00%-23.08%7.65%0.70%38.83%
Dividend Yield--0.81%1.05%1.06%1.33%0.81%1.49%1.01%1.72%1.50%1.40%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)66,242.00
(-) Cash Dividends Paid (M)6,398.31
(=) Cash Retained (M)59,843.69
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13,248.408,280.254,968.15
Cash Retained (M)59,843.6959,843.6959,843.69
(-) Cash Required (M)-13,248.40-8,280.25-4,968.15
(=) Excess Retained (M)46,595.2951,563.4454,875.54
(/) Shares Outstanding (M)49.5149.5149.51
(=) Excess Retained per Share941.051,041.391,108.28
LTM Dividend per Share129.22129.22129.22
(+) Excess Retained per Share941.051,041.391,108.28
(=) Adjusted Dividend1,070.281,170.611,237.51
WACC / Discount Rate8.00%8.00%8.00%
Growth Rate5.50%6.50%7.50%
Fair Value$45,165.61$83,113.54$266,063.68
Upside / Downside38.12%154.17%713.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)66,242.0070,547.7375,133.3380,017.0085,218.1090,757.2893,479.99
Payout Ratio9.66%25.73%41.80%57.86%73.93%90.00%92.50%
Projected Dividends (M)6,398.3118,149.9531,402.2746,300.7163,003.2781,681.5586,469.00

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.00%8.00%8.00%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)16,647.7116,805.5116,963.31
Year 2 PV (M)26,419.1726,922.3927,430.34
Year 3 PV (M)35,729.3436,755.0037,800.10
Year 4 PV (M)44,594.3246,309.2948,073.25
Year 5 PV (M)53,029.7355,591.0958,250.47
PV of Terminal Value (M)1,122,757.311,176,986.911,233,292.00
Equity Value (M)1,299,177.581,359,370.171,421,809.48
Shares Outstanding (M)49.5149.5149.51
Fair Value$26,238.59$27,454.26$28,715.30
Upside / Downside-19.76%-16.04%-12.19%

High-Yield Dividend Screener

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