Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Korea Movenex Co., Ltd. (010100.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$24,517.20 - $63,825.72$37,275.17
Multi-Stage$27,398.51 - $30,081.18$28,714.49
Blended Fair Value$32,994.83
Current Price$4,275.00
Upside671.81%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%2.13%99.8969.9252.0649.9449.940.000.0049.940.0063.72
YoY Growth--42.86%34.31%4.23%0.00%0.00%0.00%-100.00%0.00%-100.00%-21.22%
Dividend Yield--2.37%1.31%1.92%1.72%1.64%0.00%0.00%2.25%0.00%2.01%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)33,187.79
(-) Cash Dividends Paid (M)3,045.04
(=) Cash Retained (M)30,142.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6,637.564,148.472,489.08
Cash Retained (M)30,142.7530,142.7530,142.75
(-) Cash Required (M)-6,637.56-4,148.47-2,489.08
(=) Excess Retained (M)23,505.1925,994.2727,653.66
(/) Shares Outstanding (M)30.4830.4830.48
(=) Excess Retained per Share771.07852.72907.15
LTM Dividend per Share99.8999.8999.89
(+) Excess Retained per Share771.07852.72907.15
(=) Adjusted Dividend870.96952.611,007.04
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate2.88%3.88%4.88%
Fair Value$24,517.20$37,275.17$63,825.72
Upside / Downside473.50%771.93%1,393.00%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)33,187.7934,476.4735,815.1937,205.8938,650.5940,151.3941,355.93
Payout Ratio9.18%25.34%41.51%57.67%73.84%90.00%92.50%
Projected Dividends (M)3,045.048,736.3914,865.1321,456.6628,537.6836,136.2538,254.23

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate2.88%3.88%4.88%
Year 1 PV (M)8,121.338,200.278,279.21
Year 2 PV (M)12,845.7513,096.6813,350.03
Year 3 PV (M)17,236.4617,743.9618,261.33
Year 4 PV (M)21,310.8022,151.5023,016.83
Year 5 PV (M)25,085.3026,328.3527,620.20
PV of Terminal Value (M)750,616.53787,811.73826,467.03
Equity Value (M)835,216.16875,332.48916,994.63
Shares Outstanding (M)30.4830.4830.48
Fair Value$27,398.51$28,714.49$30,081.18
Upside / Downside540.90%571.68%603.65%

High-Yield Dividend Screener

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