Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Duksung Co., Ltd. (004830.KS)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$51,467.61 - $101,396.56$95,023.43
Multi-Stage$15,532.00 - $17,012.97$16,258.83
Blended Fair Value$55,641.13
Current Price$5,230.00
Upside963.88%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS16.85%-0.20%44.9946.3147.9645.9120.6520.6520.6545.9120.6545.91
YoY Growth---2.85%-3.44%4.48%122.25%0.00%0.00%-55.01%122.25%-55.01%0.00%
Dividend Yield--0.66%0.52%0.96%0.48%0.08%0.93%0.66%1.20%0.40%0.50%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)7,814.76
(-) Cash Dividends Paid (M)1,536.30
(=) Cash Retained (M)6,278.46
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,562.95976.85586.11
Cash Retained (M)6,278.466,278.466,278.46
(-) Cash Required (M)-1,562.95-976.85-586.11
(=) Excess Retained (M)4,715.515,301.615,692.35
(/) Shares Outstanding (M)15.3315.3315.33
(=) Excess Retained per Share307.65345.89371.38
LTM Dividend per Share100.23100.23100.23
(+) Excess Retained per Share307.65345.89371.38
(=) Adjusted Dividend407.88446.12471.61
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate5.50%6.50%7.50%
Fair Value$51,467.61$95,023.43$101,396.56
Upside / Downside884.08%1,716.89%1,838.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7,814.768,322.728,863.709,439.8410,053.4310,706.9011,028.11
Payout Ratio19.66%33.73%47.80%61.86%75.93%90.00%92.50%
Projected Dividends (M)1,536.302,807.024,236.445,839.837,633.759,636.2110,201.00

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,614.982,639.762,664.55
Year 2 PV (M)3,676.593,746.623,817.31
Year 3 PV (M)4,721.354,856.894,994.99
Year 4 PV (M)5,749.465,970.566,197.99
Year 5 PV (M)6,761.107,087.667,426.72
PV of Terminal Value (M)214,544.00224,906.55235,665.71
Equity Value (M)238,067.47249,208.05260,767.27
Shares Outstanding (M)15.3315.3315.33
Fair Value$15,532.00$16,258.83$17,012.97
Upside / Downside196.98%210.88%225.30%

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