Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Hojeon Limited (111110.KS)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$80,317.27 - $367,614.49$182,832.74
Multi-Stage$54,090.69 - $59,299.34$56,646.50
Blended Fair Value$119,739.62
Current Price$7,930.00
Upside1,409.96%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.39%0.00%294.25294.25236.72172.68215.85215.85129.520.000.000.00
YoY Growth--0.00%24.31%37.09%-20.00%0.00%66.65%0.00%0.00%0.00%0.00%
Dividend Yield--3.68%4.17%2.98%1.42%2.13%1.93%1.01%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)17,618.42
(-) Cash Dividends Paid (M)3,551.41
(=) Cash Retained (M)14,067.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,523.682,202.301,321.38
Cash Retained (M)14,067.0114,067.0114,067.01
(-) Cash Required (M)-3,523.68-2,202.30-1,321.38
(=) Excess Retained (M)10,543.3311,864.7112,745.63
(/) Shares Outstanding (M)9.439.439.43
(=) Excess Retained per Share1,117.681,257.751,351.14
LTM Dividend per Share376.48376.48376.48
(+) Excess Retained per Share1,117.681,257.751,351.14
(=) Adjusted Dividend1,494.151,634.231,727.62
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate4.39%5.39%6.39%
Fair Value$80,317.27$182,832.74$367,614.49
Upside / Downside912.83%2,205.58%4,535.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)17,618.4218,568.6819,570.1920,625.7121,738.1722,910.6323,597.95
Payout Ratio20.16%34.13%48.09%62.06%76.03%90.00%92.50%
Projected Dividends (M)3,551.416,336.739,412.1712,800.9316,527.8520,619.5721,828.10

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate4.39%5.39%6.39%
Year 1 PV (M)5,902.645,959.186,015.72
Year 2 PV (M)8,166.808,324.018,482.72
Year 3 PV (M)10,346.2810,646.4610,952.40
Year 4 PV (M)12,443.4412,927.1213,424.77
Year 5 PV (M)14,460.5415,166.5315,899.83
PV of Terminal Value (M)458,931.34481,337.33504,610.04
Equity Value (M)510,251.02534,360.63559,385.47
Shares Outstanding (M)9.439.439.43
Fair Value$54,090.69$56,646.50$59,299.34
Upside / Downside582.10%614.33%647.78%

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