Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

InBody Co.,Ltd (041830.KQ)

Company Dividend Discount ModelIndustry: Medical - SpecialtiesSector: Healthcare

Valuation Snapshot

Stable Growth$2,552.64 - $3,085.06$2,854.32
Multi-Stage$1,546.89 - $1,628.76$1,587.33
Blended Fair Value$2,220.83
Current Price$23,850.00
Upside-90.69%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.05%23.68%357.98306.84204.56143.19146.21126.91127.03106.8885.5064.13
YoY Growth--16.67%50.00%42.86%-2.07%15.21%-0.09%18.85%25.00%33.33%50.00%
Dividend Yield--1.61%1.04%0.70%0.51%0.72%0.80%0.57%0.21%0.37%0.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)30,623.36
(-) Cash Dividends Paid (M)5,043.18
(=) Cash Retained (M)25,580.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6,124.673,827.922,296.75
Cash Retained (M)25,580.1825,580.1825,580.18
(-) Cash Required (M)-6,124.67-3,827.92-2,296.75
(=) Excess Retained (M)19,455.5121,752.2623,283.43
(/) Shares Outstanding (M)12.7412.7412.74
(=) Excess Retained per Share1,527.541,707.871,828.09
LTM Dividend per Share395.96395.96395.96
(+) Excess Retained per Share1,527.541,707.871,828.09
(=) Adjusted Dividend1,923.502,103.832,224.05
WACC / Discount Rate85.00%85.00%85.00%
Growth Rate5.50%6.50%7.50%
Fair Value$2,552.64$2,854.32$3,085.06
Upside / Downside-89.30%-88.03%-87.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)30,623.3632,613.8834,733.7836,991.4839,395.9241,956.6643,215.36
Payout Ratio16.47%31.17%45.88%60.59%75.29%90.00%92.50%
Projected Dividends (M)5,043.1810,167.2915,936.2222,412.1629,662.6437,760.9939,974.21

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate85.00%85.00%85.00%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)5,444.295,495.905,547.50
Year 2 PV (M)4,569.394,656.424,744.28
Year 3 PV (M)3,441.063,539.843,640.50
Year 4 PV (M)2,438.682,532.472,628.93
Year 5 PV (M)1,662.361,742.651,826.02
PV of Terminal Value (M)2,146.152,249.812,357.43
Equity Value (M)19,701.9320,217.0920,744.66
Shares Outstanding (M)12.7412.7412.74
Fair Value$1,546.89$1,587.33$1,628.76
Upside / Downside-93.51%-93.34%-93.17%

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