Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Hankook Tire & Technology Co., Ltd. (161390.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$625,333.98 - $1,531,956.64$1,435,667.72
Multi-Stage$221,391.25 - $242,406.59$231,705.55
Blended Fair Value$833,686.64
Current Price$39,750.00
Upside1,997.32%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.28%12.35%1,295.81802.72697.30647.49556.25455.13404.56438.22404.56404.54
YoY Growth--61.43%15.12%7.69%16.40%22.22%12.50%-7.68%8.32%0.00%0.01%
Dividend Yield--3.28%1.48%2.00%1.92%1.13%2.35%1.05%0.82%0.74%0.74%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)943,298.21
(-) Cash Dividends Paid (M)243,977.51
(=) Cash Retained (M)699,320.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)188,659.64117,912.2870,747.37
Cash Retained (M)699,320.70699,320.70699,320.70
(-) Cash Required (M)-188,659.64-117,912.28-70,747.37
(=) Excess Retained (M)510,661.06581,408.43628,573.34
(/) Shares Outstanding (M)122.46122.46122.46
(=) Excess Retained per Share4,170.134,747.875,133.02
LTM Dividend per Share1,992.361,992.361,992.36
(+) Excess Retained per Share4,170.134,747.875,133.02
(=) Adjusted Dividend6,162.496,740.227,125.38
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$625,333.98$1,435,667.72$1,531,956.64
Upside / Downside1,473.17%3,511.74%3,753.98%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)943,298.211,004,612.591,069,912.411,139,456.721,213,521.401,292,400.291,331,172.30
Payout Ratio25.86%38.69%51.52%64.35%77.17%90.00%92.50%
Projected Dividends (M)243,977.51388,699.10551,203.70733,191.64936,509.181,163,160.261,231,334.38

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)361,414.05364,839.77368,265.50
Year 2 PV (M)476,535.34485,612.00494,774.28
Year 3 PV (M)589,375.37606,294.22623,533.80
Year 4 PV (M)699,967.72726,886.50754,574.34
Year 5 PV (M)808,345.50847,388.89887,926.56
PV of Terminal Value (M)24,175,215.1225,342,887.0526,555,248.53
Equity Value (M)27,110,853.0928,373,908.4229,684,323.00
Shares Outstanding (M)122.46122.46122.46
Fair Value$221,391.25$231,705.55$242,406.59
Upside / Downside456.96%482.91%509.83%

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