Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Daejoo Electronic Materials Co., Ltd. (078600.KQ)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$375,145.69 - $441,985.19$414,204.85
Multi-Stage$242,372.29 - $266,051.88$253,990.78
Blended Fair Value$334,097.82
Current Price$71,600.00
Upside366.62%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.0091.9492.7747.540.001.160.000.000.000.00
YoY Growth---100.00%-0.89%95.14%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.10%0.09%0.05%0.00%0.01%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)35,669.96
(-) Cash Dividends Paid (M)1,497.46
(=) Cash Retained (M)34,172.49
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,133.994,458.742,675.25
Cash Retained (M)34,172.4934,172.4934,172.49
(-) Cash Required (M)-7,133.99-4,458.74-2,675.25
(=) Excess Retained (M)27,038.5029,713.7531,497.25
(/) Shares Outstanding (M)16.0516.0516.05
(=) Excess Retained per Share1,684.641,851.321,962.45
LTM Dividend per Share93.3093.3093.30
(+) Excess Retained per Share1,684.641,851.321,962.45
(=) Adjusted Dividend1,777.941,944.622,055.75
WACC / Discount Rate3.26%3.26%3.26%
Growth Rate5.50%6.50%7.50%
Fair Value$375,145.69$414,204.85$441,985.19
Upside / Downside423.95%478.50%517.30%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)35,669.9637,988.5040,457.7543,087.5145,888.2048,870.9350,337.06
Payout Ratio4.20%21.36%38.52%55.68%72.84%90.00%92.50%
Projected Dividends (M)1,497.468,113.7715,583.8723,990.8033,424.7943,983.8446,561.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate3.26%3.26%3.26%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)7,783.557,857.337,931.11
Year 2 PV (M)14,341.2014,614.3614,890.10
Year 3 PV (M)21,179.2421,787.2222,406.72
Year 4 PV (M)28,306.7129,395.3130,515.01
Year 5 PV (M)35,732.9737,458.8839,250.85
PV of Terminal Value (M)3,782,731.573,965,438.924,155,138.91
Equity Value (M)3,890,075.254,076,552.024,270,132.70
Shares Outstanding (M)16.0516.0516.05
Fair Value$242,372.29$253,990.78$266,051.88
Upside / Downside238.51%254.74%271.58%

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