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Xi S&D Inc. (317400.KS)

Company Dividend Discount ModelIndustry: Real Estate - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$7,316.57 - $11,351.97$9,184.27
Multi-Stage$17,158.56 - $18,875.09$18,000.00
Blended Fair Value$13,592.14
Current Price$3,290.00
Upside313.13%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS0.00%0.00%507.75431.10168.6487.3458.230.000.00108.77108.750.00
YoY Growth--17.78%155.64%93.07%50.00%0.00%0.00%-100.00%0.03%0.00%0.00%
Dividend Yield--16.02%10.14%2.62%0.93%0.53%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)35,835.71
(-) Cash Dividends Paid (M)23,253.78
(=) Cash Retained (M)12,581.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,167.144,479.462,687.68
Cash Retained (M)12,581.9312,581.9312,581.93
(-) Cash Required (M)-7,167.14-4,479.46-2,687.68
(=) Excess Retained (M)5,414.798,102.479,894.25
(/) Shares Outstanding (M)46.0046.0046.00
(=) Excess Retained per Share117.72176.16215.11
LTM Dividend per Share505.56505.56505.56
(+) Excess Retained per Share117.72176.16215.11
(=) Adjusted Dividend623.29681.72720.68
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate-2.00%-1.00%0.00%
Fair Value$7,316.57$9,184.27$11,351.97
Upside / Downside122.39%179.16%245.04%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)35,835.7135,477.3535,122.5834,771.3534,423.6434,079.4035,101.78
Payout Ratio64.89%69.91%74.93%79.96%84.98%90.00%92.50%
Projected Dividends (M)23,253.7824,802.9226,318.7427,801.7829,252.5230,671.4632,469.15

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)23,086.7323,322.3123,557.89
Year 2 PV (M)22,802.6123,270.3423,742.82
Year 3 PV (M)22,420.8223,114.2023,821.73
Year 4 PV (M)21,958.4622,868.5323,806.61
Year 5 PV (M)21,430.5222,546.4623,708.41
PV of Terminal Value (M)677,521.72712,801.85749,536.60
Equity Value (M)789,220.86827,923.69868,174.05
Shares Outstanding (M)46.0046.0046.00
Fair Value$17,158.56$18,000.00$18,875.09
Upside / Downside421.54%447.11%473.71%

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