Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sjg Sejong Co. Ltd. (033530.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$200,838.96 - $490,932.87$460,075.99
Multi-Stage$70,062.84 - $76,766.50$73,352.78
Blended Fair Value$266,714.39
Current Price$6,060.00
Upside4,301.23%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS32.89%0.19%150.04100.03100.0349.7740.0836.2071.10144.27182.31110.41
YoY Growth--50.00%0.00%100.98%24.17%10.74%-49.09%-50.71%-20.87%65.13%-25.00%
Dividend Yield--3.75%1.69%1.57%0.65%0.44%1.22%1.03%1.77%1.86%1.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)66,763.17
(-) Cash Dividends Paid (M)4,403.06
(=) Cash Retained (M)62,360.11
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13,352.638,345.405,007.24
Cash Retained (M)62,360.1162,360.1162,360.11
(-) Cash Required (M)-13,352.63-8,345.40-5,007.24
(=) Excess Retained (M)49,007.4754,014.7157,352.87
(/) Shares Outstanding (M)27.0527.0527.05
(=) Excess Retained per Share1,812.041,997.182,120.61
LTM Dividend per Share162.80162.80162.80
(+) Excess Retained per Share1,812.041,997.182,120.61
(=) Adjusted Dividend1,974.842,159.982,283.41
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$200,838.96$460,075.99$490,932.87
Upside / Downside3,214.17%7,492.01%8,001.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)66,763.1771,102.7775,724.4580,646.5485,888.5791,471.3294,215.46
Payout Ratio6.60%23.28%39.96%56.64%73.32%90.00%92.50%
Projected Dividends (M)4,403.0616,549.9130,257.2445,676.6062,972.6582,324.1987,149.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)15,388.5015,534.3715,680.23
Year 2 PV (M)26,159.5926,657.8627,160.83
Year 3 PV (M)36,719.4737,773.5538,847.62
Year 4 PV (M)47,071.2148,881.4450,743.38
Year 5 PV (M)57,217.8859,981.5262,850.94
PV of Terminal Value (M)1,712,327.821,795,033.901,880,905.33
Equity Value (M)1,894,884.471,983,862.632,076,188.32
Shares Outstanding (M)27.0527.0527.05
Fair Value$70,062.84$73,352.78$76,766.50
Upside / Downside1,056.15%1,110.44%1,166.77%

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