Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

HWASEUNG Industries Co.,Ltd. (006060.KS)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$12,751.13 - $47,036.60$21,343.27
Multi-Stage$12,266.73 - $13,441.23$12,843.02
Blended Fair Value$17,093.15
Current Price$3,925.00
Upside335.49%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS29.72%0.00%205.69209.08220.39251.1865.1256.0040.6635.3627.990.00
YoY Growth---1.62%-5.13%-12.26%285.75%16.28%37.73%14.97%26.35%0.00%0.00%
Dividend Yield--4.33%5.98%5.78%4.53%0.84%0.82%0.44%0.42%0.26%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)22,214.51
(-) Cash Dividends Paid (M)10,759.45
(=) Cash Retained (M)11,455.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,442.902,776.811,666.09
Cash Retained (M)11,455.0611,455.0611,455.06
(-) Cash Required (M)-4,442.90-2,776.81-1,666.09
(=) Excess Retained (M)7,012.168,678.259,788.98
(/) Shares Outstanding (M)49.1049.1049.10
(=) Excess Retained per Share142.80176.73199.35
LTM Dividend per Share219.12219.12219.12
(+) Excess Retained per Share142.80176.73199.35
(=) Adjusted Dividend361.92395.85418.47
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate3.55%4.55%5.55%
Fair Value$12,751.13$21,343.27$47,036.60
Upside / Downside224.87%443.78%1,098.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)22,214.5123,224.6524,280.7125,384.8026,539.0927,745.8728,578.25
Payout Ratio48.43%56.75%65.06%73.37%81.69%90.00%92.50%
Projected Dividends (M)10,759.4513,179.4015,797.1818,625.7721,678.9524,971.2826,434.88

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate3.55%4.55%5.55%
Year 1 PV (M)12,258.2412,376.6312,495.01
Year 2 PV (M)13,666.1013,931.3414,199.12
Year 3 PV (M)14,986.9115,425.3315,872.21
Year 4 PV (M)16,224.4116,860.2917,514.68
Year 5 PV (M)17,382.1718,237.8819,126.95
PV of Terminal Value (M)527,823.11553,807.25580,804.80
Equity Value (M)602,340.95630,638.71660,012.77
Shares Outstanding (M)49.1049.1049.10
Fair Value$12,266.73$12,843.02$13,441.23
Upside / Downside212.53%227.21%242.45%

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