Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Saeron Automotive Corporation (075180.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$1,549.15 - $2,286.28$1,902.48
Multi-Stage$3,906.06 - $4,299.49$4,098.88
Blended Fair Value$3,000.68
Current Price$3,210.00
Upside-6.52%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.37%-3.50%139.96139.96139.96149.96139.96149.96149.96189.95199.95199.95
YoY Growth--0.00%0.00%-6.67%7.14%-6.67%0.00%-21.05%-5.00%0.00%0.00%
Dividend Yield--4.23%3.55%2.95%2.58%2.36%4.35%2.75%3.04%2.61%2.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,845.57
(-) Cash Dividends Paid (M)2,688.00
(=) Cash Retained (M)1,157.57
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)769.11480.70288.42
Cash Retained (M)1,157.571,157.571,157.57
(-) Cash Required (M)-769.11-480.70-288.42
(=) Excess Retained (M)388.46676.88869.15
(/) Shares Outstanding (M)19.2019.2019.20
(=) Excess Retained per Share20.2335.2445.26
LTM Dividend per Share139.96139.96139.96
(+) Excess Retained per Share20.2335.2445.26
(=) Adjusted Dividend160.19175.21185.22
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate-3.44%-2.44%-1.44%
Fair Value$1,549.15$1,902.48$2,286.28
Upside / Downside-51.74%-40.73%-28.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,845.573,751.563,659.853,570.383,483.093,397.943,499.88
Payout Ratio69.90%73.92%77.94%81.96%85.98%90.00%92.50%
Projected Dividends (M)2,688.002,773.112,852.452,926.262,994.753,058.153,237.39

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate-3.44%-2.44%-1.44%
Year 1 PV (M)2,576.212,602.892,629.57
Year 2 PV (M)2,461.762,513.022,564.80
Year 3 PV (M)2,346.142,419.802,494.97
Year 4 PV (M)2,230.572,324.422,421.21
Year 5 PV (M)2,116.062,227.932,344.48
PV of Terminal Value (M)63,285.0666,630.7970,116.55
Equity Value (M)75,015.8178,718.8582,571.59
Shares Outstanding (M)19.2019.2019.20
Fair Value$3,906.06$4,098.88$4,299.49
Upside / Downside21.68%27.69%33.94%

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