Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jeju Bank (006220.KS)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$18,719.55 - $67,761.59$59,214.26
Multi-Stage$8,802.96 - $9,618.74$9,203.42
Blended Fair Value$34,208.84
Current Price$14,450.00
Upside136.74%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.16%14.14%212.64158.40143.47131.36135.28143.68115.9370.8356.6556.65
YoY Growth--34.24%10.40%9.22%-2.89%-5.84%23.93%63.68%25.03%0.00%0.00%
Dividend Yield--2.82%1.31%0.63%2.01%1.75%5.92%2.38%1.03%0.78%0.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)13,311.00
(-) Cash Dividends Paid (M)9,014.00
(=) Cash Retained (M)4,297.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,662.201,663.88998.33
Cash Retained (M)4,297.004,297.004,297.00
(-) Cash Required (M)-2,662.20-1,663.88-998.33
(=) Excess Retained (M)1,634.802,633.133,298.68
(/) Shares Outstanding (M)39.0739.0739.07
(=) Excess Retained per Share41.8567.4084.44
LTM Dividend per Share230.73230.73230.73
(+) Excess Retained per Share41.8567.4084.44
(=) Adjusted Dividend272.58298.13315.17
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate5.50%6.50%7.50%
Fair Value$18,719.55$59,214.26$67,761.59
Upside / Downside29.55%309.79%368.94%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)13,311.0014,176.2215,097.6716,079.0217,124.1518,237.2218,784.34
Payout Ratio67.72%72.17%76.63%81.09%85.54%90.00%92.50%
Projected Dividends (M)9,014.0010,231.6511,569.5013,038.0514,648.6316,413.5017,375.51

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)9,469.309,559.059,648.81
Year 2 PV (M)9,909.6710,098.4210,288.95
Year 3 PV (M)10,335.4410,632.1410,934.45
Year 4 PV (M)10,746.9611,160.2611,585.36
Year 5 PV (M)11,144.5311,682.8212,241.70
PV of Terminal Value (M)292,297.16306,415.22321,073.62
Equity Value (M)343,903.06359,547.90375,772.89
Shares Outstanding (M)39.0739.0739.07
Fair Value$8,802.96$9,203.42$9,618.74
Upside / Downside-39.08%-36.31%-33.43%

High-Yield Dividend Screener

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