Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Kukdo Chemical Co., Ltd. (007690.KS)

Company Dividend Discount ModelIndustry: ChemicalsSector: Basic Materials

Valuation Snapshot

Stable Growth$462,702.05 - $545,559.89$511,075.26
Multi-Stage$862,531.39 - $950,592.77$905,704.50
Blended Fair Value$708,389.88
Current Price$35,150.00
Upside1,915.33%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.32%5.34%1,124.721,335.782,136.16734.44938.28955.29970.62800.38996.71669.01
YoY Growth---15.80%-37.47%190.86%-21.72%-1.78%-1.58%21.27%-19.70%48.98%0.07%
Dividend Yield--3.84%3.59%4.67%1.30%1.82%3.29%2.63%1.78%2.70%1.31%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)25,399.07
(-) Cash Dividends Paid (M)5,004.32
(=) Cash Retained (M)20,394.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,079.813,174.881,904.93
Cash Retained (M)20,394.7520,394.7520,394.75
(-) Cash Required (M)-5,079.81-3,174.88-1,904.93
(=) Excess Retained (M)15,314.9417,219.8718,489.82
(/) Shares Outstanding (M)8.908.908.90
(=) Excess Retained per Share1,721.021,935.092,077.80
LTM Dividend per Share562.36562.36562.36
(+) Excess Retained per Share1,721.021,935.092,077.80
(=) Adjusted Dividend2,283.382,497.452,640.16
WACC / Discount Rate-19.19%-19.19%-19.19%
Growth Rate1.32%2.32%3.32%
Fair Value$462,702.05$511,075.26$545,559.89
Upside / Downside1,216.36%1,353.98%1,452.09%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)25,399.0725,988.1826,590.9527,207.7027,838.7528,484.4529,338.98
Payout Ratio19.70%33.76%47.82%61.88%75.94%90.00%92.50%
Projected Dividends (M)5,004.328,774.1812,716.2316,836.4221,140.9025,636.0027,138.56

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-19.19%-19.19%-19.19%
Growth Rate1.32%2.32%3.32%
Year 1 PV (M)10,751.2110,857.3210,963.43
Year 2 PV (M)19,092.3519,471.0919,853.54
Year 3 PV (M)30,974.2931,900.5032,844.99
Year 4 PV (M)47,656.8749,566.3551,532.66
Year 5 PV (M)70,811.3274,375.4478,081.66
PV of Terminal Value (M)7,496,165.157,873,467.218,265,811.11
Equity Value (M)7,675,451.188,059,637.928,459,087.39
Shares Outstanding (M)8.908.908.90
Fair Value$862,531.39$905,704.50$950,592.77
Upside / Downside2,353.86%2,476.68%2,604.39%

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