Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hansol Technics Co., Ltd. (004710.KS)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$10,560.96 - $22,889.13$15,109.55
Multi-Stage$13,481.07 - $14,795.96$14,126.07
Blended Fair Value$14,617.81
Current Price$6,180.00
Upside136.53%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%100.13100.130.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.53%1.59%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)17,756.57
(-) Cash Dividends Paid (M)4,712.63
(=) Cash Retained (M)13,043.94
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,551.312,219.571,331.74
Cash Retained (M)13,043.9413,043.9413,043.94
(-) Cash Required (M)-3,551.31-2,219.57-1,331.74
(=) Excess Retained (M)9,492.6210,824.3711,712.20
(/) Shares Outstanding (M)31.3831.3831.38
(=) Excess Retained per Share302.55344.99373.29
LTM Dividend per Share150.20150.20150.20
(+) Excess Retained per Share302.55344.99373.29
(=) Adjusted Dividend452.75495.20523.49
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate2.29%3.29%4.29%
Fair Value$10,560.96$15,109.55$22,889.13
Upside / Downside70.89%144.49%270.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)17,756.5718,340.8118,944.2719,567.5920,211.4220,876.4321,502.72
Payout Ratio26.54%39.23%51.92%64.62%77.31%90.00%92.50%
Projected Dividends (M)4,712.637,195.499,836.6512,643.8115,625.0518,788.7919,890.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate2.29%3.29%4.29%
Year 1 PV (M)6,679.926,745.226,810.52
Year 2 PV (M)8,477.508,644.068,812.25
Year 3 PV (M)10,116.0010,415.6010,721.05
Year 4 PV (M)11,605.4712,065.9912,540.09
Year 5 PV (M)12,955.3813,601.1514,272.42
PV of Terminal Value (M)373,140.90391,740.33411,074.16
Equity Value (M)422,975.17443,212.36464,230.49
Shares Outstanding (M)31.3831.3831.38
Fair Value$13,481.07$14,126.07$14,795.96
Upside / Downside118.14%128.58%139.42%

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