Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sunjin Co.,Ltd. (136490.KS)

Company Dividend Discount ModelIndustry: Agricultural Farm ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$495,742.88 - $584,069.11$547,358.29
Multi-Stage$111,186.34 - $121,908.48$116,447.98
Blended Fair Value$331,903.14
Current Price$11,270.00
Upside2,845.01%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS15.44%11.59%102.51105.00100.01100.0150.0050.000.0034.2334.2334.23
YoY Growth---2.38%5.00%0.00%100.00%0.00%0.00%-100.00%0.00%0.00%0.00%
Dividend Yield--1.94%1.43%1.16%0.85%0.30%0.80%0.00%0.22%0.21%0.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)69,830.58
(-) Cash Dividends Paid (M)2,377.92
(=) Cash Retained (M)67,452.66
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13,966.128,728.825,237.29
Cash Retained (M)67,452.6667,452.6667,452.66
(-) Cash Required (M)-13,966.12-8,728.82-5,237.29
(=) Excess Retained (M)53,486.5558,723.8462,215.37
(/) Shares Outstanding (M)23.7823.7823.78
(=) Excess Retained per Share2,249.482,469.752,616.59
LTM Dividend per Share100.01100.01100.01
(+) Excess Retained per Share2,249.482,469.752,616.59
(=) Adjusted Dividend2,349.492,569.762,716.60
WACC / Discount Rate5.69%5.69%5.69%
Growth Rate5.50%6.50%7.50%
Fair Value$495,742.88$547,358.29$584,069.11
Upside / Downside4,298.78%4,756.77%5,082.51%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)69,830.5874,369.5779,203.5984,351.8389,834.7095,673.9598,544.17
Payout Ratio3.41%20.72%38.04%55.36%72.68%90.00%92.50%
Projected Dividends (M)2,377.9215,412.5130,131.5546,698.9565,292.8086,106.5691,153.36

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.69%5.69%5.69%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)14,445.9014,582.8214,719.75
Year 2 PV (M)26,470.5926,974.7927,483.73
Year 3 PV (M)38,452.1339,555.9540,680.70
Year 4 PV (M)50,390.6252,328.5054,321.75
Year 5 PV (M)62,286.1865,294.6368,418.22
PV of Terminal Value (M)2,451,660.042,570,076.132,693,024.29
Equity Value (M)2,643,705.462,768,812.832,898,648.44
Shares Outstanding (M)23.7823.7823.78
Fair Value$111,186.34$116,447.98$121,908.48
Upside / Downside886.57%933.26%981.71%

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