Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Seoyon Co., Ltd. (007860.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$378,192.06 - $926,503.05$868,269.05
Multi-Stage$132,279.46 - $144,927.42$138,486.71
Blended Fair Value$503,377.88
Current Price$8,820.00
Upside5,607.23%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS43.05%-8.70%299.42277.41281.9249.99133.9449.9999.97429.32452.07748.05
YoY Growth--7.93%-1.60%463.98%-62.68%167.95%-50.00%-76.71%-5.03%-39.57%0.54%
Dividend Yield--4.12%2.67%3.34%0.56%0.57%1.67%2.31%6.74%4.39%5.96%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)101,153.64
(-) Cash Dividends Paid (M)8,289.25
(=) Cash Retained (M)92,864.39
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)20,230.7312,644.207,586.52
Cash Retained (M)92,864.3992,864.3992,864.39
(-) Cash Required (M)-20,230.73-12,644.20-7,586.52
(=) Excess Retained (M)72,633.6680,220.1885,277.87
(/) Shares Outstanding (M)21.7121.7121.71
(=) Excess Retained per Share3,345.213,694.613,927.55
LTM Dividend per Share381.77381.77381.77
(+) Excess Retained per Share3,345.213,694.613,927.55
(=) Adjusted Dividend3,726.984,076.384,309.32
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$378,192.06$868,269.05$926,503.05
Upside / Downside4,187.89%9,744.32%10,404.57%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)101,153.64107,728.62114,730.98122,188.50130,130.75138,589.25142,746.92
Payout Ratio8.19%24.56%40.92%57.28%73.64%90.00%92.50%
Projected Dividends (M)8,289.2526,453.5946,944.2869,986.9895,826.91124,730.32132,040.90

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)24,596.6624,829.8025,062.95
Year 2 PV (M)40,585.0141,358.0442,138.36
Year 3 PV (M)56,258.9757,873.9659,519.57
Year 4 PV (M)71,623.1574,377.5877,210.69
Year 5 PV (M)86,682.1290,868.9095,215.91
PV of Terminal Value (M)2,592,404.892,717,619.012,847,625.38
Equity Value (M)2,872,150.793,006,927.293,146,772.86
Shares Outstanding (M)21.7121.7121.71
Fair Value$132,279.46$138,486.71$144,927.42
Upside / Downside1,399.77%1,470.14%1,543.17%

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