Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sjg Sejong Co. Ltd. (033530.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$416,691.23 - $490,932.87$460,075.99
Multi-Stage$348,694.79 - $382,785.47$365,421.41
Blended Fair Value$412,748.70
Current Price$6,060.00
Upside6,711.03%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS32.89%0.19%150.04100.03100.0349.7740.0836.2071.10144.27182.31110.41
YoY Growth--50.00%0.00%100.98%24.17%10.74%-49.09%-50.71%-20.87%65.13%-25.00%
Dividend Yield--3.75%1.69%1.57%0.65%0.44%1.22%1.03%1.77%1.86%1.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)66,763.17
(-) Cash Dividends Paid (M)4,403.06
(=) Cash Retained (M)62,360.11
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13,352.638,345.405,007.24
Cash Retained (M)62,360.1162,360.1162,360.11
(-) Cash Required (M)-13,352.63-8,345.40-5,007.24
(=) Excess Retained (M)49,007.4754,014.7157,352.87
(/) Shares Outstanding (M)27.0527.0527.05
(=) Excess Retained per Share1,812.041,997.182,120.61
LTM Dividend per Share162.80162.80162.80
(+) Excess Retained per Share1,812.041,997.182,120.61
(=) Adjusted Dividend1,974.842,159.982,283.41
WACC / Discount Rate-1.97%-1.97%-1.97%
Growth Rate5.50%6.50%7.50%
Fair Value$416,691.23$460,075.99$490,932.87
Upside / Downside6,776.09%7,492.01%8,001.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)66,763.1771,102.7775,724.4580,646.5485,888.5791,471.3294,215.46
Payout Ratio6.60%23.28%39.96%56.64%73.32%90.00%92.50%
Projected Dividends (M)4,403.0616,549.9130,257.2445,676.6062,972.6582,324.1987,149.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-1.97%-1.97%-1.97%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)16,724.1516,882.6717,041.19
Year 2 PV (M)30,897.7031,486.2132,080.28
Year 3 PV (M)47,134.5148,487.5749,866.29
Year 4 PV (M)65,666.7668,192.1270,789.62
Year 5 PV (M)86,750.0090,940.0695,290.48
PV of Terminal Value (M)9,183,451.929,627,016.0810,087,556.48
Equity Value (M)9,430,625.039,883,004.7110,352,624.35
Shares Outstanding (M)27.0527.0527.05
Fair Value$348,694.79$365,421.41$382,785.47
Upside / Downside5,654.04%5,930.06%6,216.59%

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