Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sjg Sejong Co. Ltd. (033530.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$200,787.66 - $490,932.87$460,075.99
Multi-Stage$70,057.25 - $76,760.36$73,346.92
Blended Fair Value$266,711.46
Current Price$6,060.00
Upside4,301.18%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS32.89%0.19%150.04100.03100.0349.7740.0836.2071.10144.27182.31110.41
YoY Growth--50.00%0.00%100.98%24.17%10.74%-49.09%-50.71%-20.87%65.13%-25.00%
Dividend Yield--3.75%1.69%1.57%0.65%0.44%1.22%1.03%1.77%1.86%1.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)66,763.17
(-) Cash Dividends Paid (M)4,403.06
(=) Cash Retained (M)62,360.11
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13,352.638,345.405,007.24
Cash Retained (M)62,360.1162,360.1162,360.11
(-) Cash Required (M)-13,352.63-8,345.40-5,007.24
(=) Excess Retained (M)49,007.4754,014.7157,352.87
(/) Shares Outstanding (M)27.0527.0527.05
(=) Excess Retained per Share1,812.041,997.182,120.61
LTM Dividend per Share162.80162.80162.80
(+) Excess Retained per Share1,812.041,997.182,120.61
(=) Adjusted Dividend1,974.842,159.982,283.41
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$200,787.66$460,075.99$490,932.87
Upside / Downside3,213.33%7,492.01%8,001.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)66,763.1771,102.7775,724.4580,646.5485,888.5791,471.3294,215.46
Payout Ratio6.60%23.28%39.96%56.64%73.32%90.00%92.50%
Projected Dividends (M)4,403.0616,549.9130,257.2445,676.6062,972.6582,324.1987,149.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)15,388.4715,534.3315,680.19
Year 2 PV (M)26,159.4626,657.7327,160.69
Year 3 PV (M)36,719.1937,773.2738,847.33
Year 4 PV (M)47,070.7448,880.9550,742.87
Year 5 PV (M)57,217.1759,980.7862,850.16
PV of Terminal Value (M)1,712,178.221,794,877.071,880,741.00
Equity Value (M)1,894,733.251,983,704.122,076,022.24
Shares Outstanding (M)27.0527.0527.05
Fair Value$70,057.25$73,346.92$76,760.36
Upside / Downside1,056.06%1,110.35%1,166.67%

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