Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

SPG Co., Ltd. (058610.KQ)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$88,204.12 - $103,985.00$97,418.73
Multi-Stage$53,063.26 - $58,412.33$55,686.20
Blended Fair Value$76,552.46
Current Price$27,600.00
Upside177.36%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS17.18%0.00%200.27200.27245.29135.9890.6590.6543.5283.8836.530.00
YoY Growth--0.00%-18.35%80.39%50.00%0.00%108.30%-48.12%129.61%0.00%0.00%
Dividend Yield--0.88%0.68%0.74%0.96%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)11,965.57
(-) Cash Dividends Paid (M)3,326.60
(=) Cash Retained (M)8,638.96
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,393.111,495.70897.42
Cash Retained (M)8,638.968,638.968,638.96
(-) Cash Required (M)-2,393.11-1,495.70-897.42
(=) Excess Retained (M)6,245.857,143.277,741.55
(/) Shares Outstanding (M)22.1522.1522.15
(=) Excess Retained per Share282.01322.53349.54
LTM Dividend per Share150.20150.20150.20
(+) Excess Retained per Share282.01322.53349.54
(=) Adjusted Dividend432.21472.73499.75
WACC / Discount Rate2.10%2.10%2.10%
Growth Rate2.04%3.04%4.04%
Fair Value$88,204.12$97,418.73$103,985.00
Upside / Downside219.58%252.97%276.76%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)11,965.5712,329.0412,703.5413,089.4313,487.0413,896.7214,313.62
Payout Ratio27.80%40.24%52.68%65.12%77.56%90.00%92.50%
Projected Dividends (M)3,326.604,961.356,692.348,523.9110,460.5912,507.0513,240.10

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate2.10%2.10%2.10%
Growth Rate2.04%3.04%4.04%
Year 1 PV (M)4,811.984,859.134,906.29
Year 2 PV (M)6,295.436,419.436,544.64
Year 3 PV (M)7,776.968,007.868,243.28
Year 4 PV (M)9,256.589,624.8210,003.94
Year 5 PV (M)10,734.2911,270.6911,828.33
PV of Terminal Value (M)1,136,343.391,193,128.121,252,160.59
Equity Value (M)1,175,218.621,233,310.051,293,687.07
Shares Outstanding (M)22.1522.1522.15
Fair Value$53,063.26$55,686.20$58,412.33
Upside / Downside92.26%101.76%111.64%

High-Yield Dividend Screener

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