Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Hyundai Corporation (011760.KS)

Company Dividend Discount ModelIndustry: Industrial - DistributionSector: Industrials

Valuation Snapshot

Stable Growth$85,255.62 - $153,242.90$113,733.88
Multi-Stage$141,283.71 - $155,397.72$148,204.58
Blended Fair Value$130,969.23
Current Price$21,150.00
Upside519.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.05%-4.28%585.96585.96590.41585.96617.57617.57617.57524.17806.44907.81
YoY Growth--0.00%-0.75%0.76%-5.12%0.00%0.00%17.82%-35.00%-11.17%0.00%
Dividend Yield--2.68%3.28%3.61%3.57%3.16%5.77%2.46%2.87%3.75%3.95%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)75,693.50
(-) Cash Dividends Paid (M)8,407.68
(=) Cash Retained (M)67,285.82
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)15,138.709,461.695,677.01
Cash Retained (M)67,285.8267,285.8267,285.82
(-) Cash Required (M)-15,138.70-9,461.69-5,677.01
(=) Excess Retained (M)52,147.1257,824.1461,608.81
(/) Shares Outstanding (M)12.3012.3012.30
(=) Excess Retained per Share4,240.044,701.635,009.36
LTM Dividend per Share683.62683.62683.62
(+) Excess Retained per Share4,240.044,701.635,009.36
(=) Adjusted Dividend4,923.665,385.255,692.98
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate0.69%1.69%2.69%
Fair Value$85,255.62$113,733.88$153,242.90
Upside / Downside303.10%437.75%624.55%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)75,693.5076,969.6978,267.4079,586.9880,928.8282,293.2884,762.07
Payout Ratio11.11%26.89%42.66%58.44%74.22%90.00%92.50%
Projected Dividends (M)8,407.6820,694.0933,392.4146,513.0360,066.5974,063.9578,404.92

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate0.69%1.69%2.69%
Year 1 PV (M)19,239.8419,430.9219,622.01
Year 2 PV (M)28,864.0929,440.2930,022.18
Year 3 PV (M)37,380.0638,504.9239,652.12
Year 4 PV (M)44,880.0646,689.7748,553.66
Year 5 PV (M)51,449.6554,055.8656,766.63
PV of Terminal Value (M)1,555,798.141,634,608.031,716,579.79
Equity Value (M)1,737,611.831,822,729.791,911,196.39
Shares Outstanding (M)12.3012.3012.30
Fair Value$141,283.71$148,204.58$155,397.72
Upside / Downside568.01%600.73%634.74%

High-Yield Dividend Screener

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