Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Oyang Corporation (006090.KS)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$10,799.08 - $32,530.22$17,143.98
Multi-Stage$11,982.26 - $13,139.78$12,550.15
Blended Fair Value$14,847.06
Current Price$9,900.00
Upside49.97%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS31.95%0.00%200.06120.05200.06150.05100.0350.02120.04100.040.000.00
YoY Growth--66.65%-39.99%33.33%50.00%99.99%-58.33%20.00%0.00%0.00%0.00%
Dividend Yield--2.48%1.39%2.54%1.41%0.92%0.84%1.35%0.77%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,055.05
(-) Cash Dividends Paid (M)1,770.70
(=) Cash Retained (M)2,284.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)811.01506.88304.13
Cash Retained (M)2,284.352,284.352,284.35
(-) Cash Required (M)-811.01-506.88-304.13
(=) Excess Retained (M)1,473.341,777.471,980.22
(/) Shares Outstanding (M)9.429.429.42
(=) Excess Retained per Share156.42188.71210.23
LTM Dividend per Share187.99187.99187.99
(+) Excess Retained per Share156.42188.71210.23
(=) Adjusted Dividend344.41376.69398.22
WACC / Discount Rate6.31%6.31%6.31%
Growth Rate3.02%4.02%5.02%
Fair Value$10,799.08$17,143.98$32,530.22
Upside / Downside9.08%73.17%228.59%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,055.054,218.234,387.974,564.554,748.244,939.315,087.49
Payout Ratio43.67%52.93%62.20%71.47%80.73%90.00%92.50%
Projected Dividends (M)1,770.702,232.842,729.313,262.133,833.414,445.384,705.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.31%6.31%6.31%
Growth Rate3.02%4.02%5.02%
Year 1 PV (M)2,080.122,100.322,120.51
Year 2 PV (M)2,368.742,414.942,461.60
Year 3 PV (M)2,637.522,715.072,794.13
Year 4 PV (M)2,887.433,001.183,118.26
Year 5 PV (M)3,119.373,273.733,434.14
PV of Terminal Value (M)99,770.70104,707.72109,838.28
Equity Value (M)112,863.89118,212.96123,766.90
Shares Outstanding (M)9.429.429.42
Fair Value$11,982.26$12,550.15$13,139.78
Upside / Downside21.03%26.77%32.73%

High-Yield Dividend Screener

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