Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Seohee Construction Co., Ltd. (035890.KQ)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$13,404.17 - $32,962.26$20,013.72
Multi-Stage$16,113.77 - $17,698.80$16,891.25
Blended Fair Value$18,452.48
Current Price$1,716.00
Upside975.32%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS28.34%0.00%47.2552.0158.3546.2331.8313.5713.648.310.000.00
YoY Growth---9.16%-10.86%26.21%45.22%134.63%-0.49%64.12%0.00%0.00%0.00%
Dividend Yield--3.22%3.86%4.68%2.42%1.95%1.75%1.13%0.74%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)117,279.30
(-) Cash Dividends Paid (M)8,830.67
(=) Cash Retained (M)108,448.64
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)23,455.8614,659.918,795.95
Cash Retained (M)108,448.64108,448.64108,448.64
(-) Cash Required (M)-23,455.86-14,659.91-8,795.95
(=) Excess Retained (M)84,992.7893,788.7399,652.69
(/) Shares Outstanding (M)186.91186.91186.91
(=) Excess Retained per Share454.72501.78533.15
LTM Dividend per Share47.2547.2547.25
(+) Excess Retained per Share454.72501.78533.15
(=) Adjusted Dividend501.97549.03580.40
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate2.58%3.58%4.58%
Fair Value$13,404.17$20,013.72$32,962.26
Upside / Downside681.13%1,066.30%1,820.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)117,279.30121,476.47125,823.84130,326.79134,990.90139,821.92144,016.58
Payout Ratio7.53%24.02%40.52%57.01%73.51%90.00%92.50%
Projected Dividends (M)8,830.6729,183.1250,981.0074,301.7099,226.30125,839.73133,215.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate2.58%3.58%4.58%
Year 1 PV (M)27,157.7927,422.5427,687.29
Year 2 PV (M)44,150.3145,015.3145,888.71
Year 3 PV (M)59,880.7061,649.0863,451.95
Year 4 PV (M)74,417.9377,362.5280,393.65
Year 5 PV (M)87,827.6492,192.9196,730.05
PV of Terminal Value (M)2,718,421.732,853,534.602,993,967.23
Equity Value (M)3,011,856.093,157,176.973,308,118.87
Shares Outstanding (M)186.91186.91186.91
Fair Value$16,113.77$16,891.25$17,698.80
Upside / Downside839.03%884.34%931.40%

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