Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

INZI Controls Co.,Ltd. (023800.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$94,235.99 - $230,410.29$215,928.19
Multi-Stage$33,066.24 - $36,219.34$34,613.72
Blended Fair Value$125,270.95
Current Price$5,670.00
Upside2,109.36%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS15.88%7.65%199.77193.50145.1295.6195.6195.61143.4195.61143.4195.61
YoY Growth--3.24%33.33%51.79%0.00%0.00%-33.33%50.00%-33.33%50.00%0.00%
Dividend Yield--3.57%2.49%1.66%0.79%0.66%2.96%1.96%1.32%2.90%1.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)17,594.60
(-) Cash Dividends Paid (M)2,601.80
(=) Cash Retained (M)14,992.80
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,518.922,199.321,319.59
Cash Retained (M)14,992.8014,992.8014,992.80
(-) Cash Required (M)-3,518.92-2,199.32-1,319.59
(=) Excess Retained (M)11,473.8812,793.4813,673.21
(/) Shares Outstanding (M)15.1915.1915.19
(=) Excess Retained per Share755.53842.42900.35
LTM Dividend per Share171.32171.32171.32
(+) Excess Retained per Share755.53842.42900.35
(=) Adjusted Dividend926.851,013.751,071.68
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$94,235.99$215,928.19$230,410.29
Upside / Downside1,562.01%3,708.26%3,963.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)17,594.6018,738.2519,956.2321,253.3922,634.8624,106.1324,829.31
Payout Ratio14.79%29.83%44.87%59.91%74.96%90.00%92.50%
Projected Dividends (M)2,601.805,589.618,954.8612,733.9716,966.5221,695.5122,967.11

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)5,197.355,246.615,295.87
Year 2 PV (M)7,742.097,889.558,038.41
Year 3 PV (M)10,236.7710,530.6310,830.06
Year 4 PV (M)12,682.1213,169.8413,671.49
Year 5 PV (M)15,078.8715,807.1816,563.37
PV of Terminal Value (M)451,223.19473,017.44495,645.81
Equity Value (M)502,160.39525,661.26550,045.02
Shares Outstanding (M)15.1915.1915.19
Fair Value$33,066.24$34,613.72$36,219.34
Upside / Downside483.18%510.47%538.79%

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