Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Leeku Industrial Co., Ltd. (025820.KS)

Company Dividend Discount ModelIndustry: Manufacturing - Metal FabricationSector: Industrials

Valuation Snapshot

Stable Growth$39,245.16 - $46,241.00$43,332.94
Multi-Stage$14,808.85 - $16,249.76$15,515.84
Blended Fair Value$29,424.39
Current Price$4,780.00
Upside515.57%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%50.1150.1150.1130.0630.060.0080.1750.110.0020.04
YoY Growth--0.00%0.00%66.67%0.00%0.00%-100.00%60.00%0.00%-100.00%0.00%
Dividend Yield--1.06%1.07%1.48%0.61%1.07%0.00%4.31%2.16%0.00%1.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)7,790.34
(-) Cash Dividends Paid (M)1,672.04
(=) Cash Retained (M)6,118.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,558.07973.79584.28
Cash Retained (M)6,118.306,118.306,118.30
(-) Cash Required (M)-1,558.07-973.79-584.28
(=) Excess Retained (M)4,560.245,144.515,534.03
(/) Shares Outstanding (M)33.3733.3733.37
(=) Excess Retained per Share136.66154.17165.84
LTM Dividend per Share50.1150.1150.11
(+) Excess Retained per Share136.66154.17165.84
(=) Adjusted Dividend186.77204.28215.95
WACC / Discount Rate4.62%4.62%4.62%
Growth Rate5.07%6.07%7.07%
Fair Value$39,245.16$43,332.94$46,241.00
Upside / Downside721.03%806.55%867.39%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7,790.348,262.848,763.999,295.549,859.3210,457.3010,771.02
Payout Ratio21.46%35.17%48.88%62.59%76.29%90.00%92.50%
Projected Dividends (M)1,672.042,906.074,283.645,817.637,521.939,411.579,963.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.62%4.62%4.62%
Growth Rate5.07%6.07%7.07%
Year 1 PV (M)2,751.672,777.862,804.05
Year 2 PV (M)3,840.553,914.013,988.16
Year 3 PV (M)4,938.755,081.115,226.19
Year 4 PV (M)6,046.316,279.816,520.01
Year 5 PV (M)7,163.317,510.767,871.56
PV of Terminal Value (M)469,422.62492,191.54515,835.52
Equity Value (M)494,163.21517,755.09542,245.49
Shares Outstanding (M)33.3733.3733.37
Fair Value$14,808.85$15,515.84$16,249.76
Upside / Downside209.81%224.60%239.95%

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