Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

WON TECH Co.,Ltd. (336570.KQ)

Company Dividend Discount ModelIndustry: Sector:

Valuation Snapshot

Stable Growth$3,167.27 - $4,558.38$3,846.12
Multi-Stage$5,002.43 - $5,501.66$5,247.18
Blended Fair Value$4,546.65
Current Price$11,450.00
Upside-60.29%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%49.360.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.79%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)39,884.22
(-) Cash Dividends Paid (M)4,449.23
(=) Cash Retained (M)35,435.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,976.844,985.532,991.32
Cash Retained (M)35,435.0035,435.0035,435.00
(-) Cash Required (M)-7,976.84-4,985.53-2,991.32
(=) Excess Retained (M)27,458.1530,449.4732,443.68
(/) Shares Outstanding (M)88.9688.9688.96
(=) Excess Retained per Share308.66342.29364.71
LTM Dividend per Share50.0150.0150.01
(+) Excess Retained per Share308.66342.29364.71
(=) Adjusted Dividend358.68392.30414.72
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.00%-1.00%0.00%
Fair Value$3,167.27$3,846.12$4,558.38
Upside / Downside-72.34%-66.41%-60.19%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)39,884.2239,485.3839,090.5338,699.6238,312.6337,929.5039,067.38
Payout Ratio11.16%26.92%42.69%58.46%74.23%90.00%92.50%
Projected Dividends (M)4,449.2310,631.1616,689.0022,624.6328,439.8734,136.5536,137.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)9,646.169,744.599,843.02
Year 2 PV (M)13,739.7414,021.5714,306.27
Year 3 PV (M)16,900.6617,423.3317,956.66
Year 4 PV (M)19,276.3120,075.2320,898.72
Year 5 PV (M)20,993.7522,086.9523,225.21
PV of Terminal Value (M)364,450.96383,428.77403,189.05
Equity Value (M)445,007.60466,780.44489,418.93
Shares Outstanding (M)88.9688.9688.96
Fair Value$5,002.43$5,247.18$5,501.66
Upside / Downside-56.31%-54.17%-51.95%

High-Yield Dividend Screener

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