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KG Chemical Corporation (001390.KS)

Company Dividend Discount ModelIndustry: Agricultural InputsSector: Basic Materials

Valuation Snapshot

Stable Growth$112,440.00 - $180,487.44$169,143.16
Multi-Stage$30,463.24 - $33,292.30$31,851.96
Blended Fair Value$100,497.56
Current Price$4,605.00
Upside2,082.36%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS18.52%6.26%480.71419.84363.89328.4565.58205.5362.2356.3852.52139.69
YoY Growth--14.50%15.38%10.79%400.86%-68.09%230.25%10.39%7.34%-62.40%-46.69%
Dividend Yield--13.35%7.15%4.51%5.26%1.21%9.47%2.07%1.08%1.92%4.64%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)62,060.00
(-) Cash Dividends Paid (M)60,628.68
(=) Cash Retained (M)1,431.32
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12,412.007,757.504,654.50
Cash Retained (M)1,431.321,431.321,431.32
(-) Cash Required (M)-12,412.00-7,757.50-4,654.50
(=) Excess Retained (M)-10,980.68-6,326.18-3,223.18
(/) Shares Outstanding (M)68.3868.3868.38
(=) Excess Retained per Share-160.58-92.51-47.13
LTM Dividend per Share886.61886.61886.61
(+) Excess Retained per Share-160.58-92.51-47.13
(=) Adjusted Dividend726.03794.10839.48
WACC / Discount Rate6.18%6.18%6.18%
Growth Rate5.50%6.50%7.50%
Fair Value$112,440.00$169,143.16$180,487.44
Upside / Downside2,341.69%3,573.03%3,819.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)62,060.0066,093.9070,390.0074,965.3579,838.1085,027.5887,578.40
Payout Ratio97.69%96.15%94.62%93.08%91.54%90.00%92.50%
Projected Dividends (M)60,628.6863,552.5466,600.3469,775.8573,082.7876,524.8281,010.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.18%6.18%6.18%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)59,290.9059,852.9060,414.89
Year 2 PV (M)57,967.7859,071.9160,186.45
Year 3 PV (M)56,659.2158,285.6959,943.01
Year 4 PV (M)55,365.0457,494.2259,684.24
Year 5 PV (M)54,085.1456,697.4859,409.79
PV of Terminal Value (M)1,799,784.531,886,714.791,976,972.08
Equity Value (M)2,083,152.602,178,116.992,276,610.46
Shares Outstanding (M)68.3868.3868.38
Fair Value$30,463.24$31,851.96$33,292.30
Upside / Downside561.53%591.68%622.96%

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