Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

DY Corporation (013570.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$44,675.32 - $218,842.22$95,073.08
Multi-Stage$30,336.61 - $33,249.50$31,765.98
Blended Fair Value$63,419.53
Current Price$4,260.00
Upside1,388.72%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS11.01%3.53%260.23188.90202.67160.63154.39154.39173.71177.55141.40183.61
YoY Growth--37.76%-6.79%26.17%4.04%0.00%-11.12%-2.17%25.56%-22.99%-0.16%
Dividend Yield--6.87%3.28%3.23%1.58%2.70%4.43%3.11%2.92%1.91%2.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)27,399.87
(-) Cash Dividends Paid (M)5,676.94
(=) Cash Retained (M)21,722.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,479.973,424.982,054.99
Cash Retained (M)21,722.9321,722.9321,722.93
(-) Cash Required (M)-5,479.97-3,424.98-2,054.99
(=) Excess Retained (M)16,242.9618,297.9519,667.94
(/) Shares Outstanding (M)24.6624.6624.66
(=) Excess Retained per Share658.70742.03797.59
LTM Dividend per Share230.21230.21230.21
(+) Excess Retained per Share658.70742.03797.59
(=) Adjusted Dividend888.91972.251,027.80
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate4.46%5.46%6.46%
Fair Value$44,675.32$95,073.08$218,842.22
Upside / Downside948.72%2,131.76%5,037.14%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)27,399.8728,896.2330,474.3132,138.5733,893.7235,744.7236,817.06
Payout Ratio20.72%34.58%48.43%62.29%76.14%90.00%92.50%
Projected Dividends (M)5,676.949,990.8914,759.1120,018.3225,807.9632,170.2534,055.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate4.46%5.46%6.46%
Year 1 PV (M)9,288.719,377.639,466.55
Year 2 PV (M)12,757.3913,002.8113,250.57
Year 3 PV (M)16,087.2016,553.6417,029.02
Year 4 PV (M)19,282.2320,031.2620,801.89
Year 5 PV (M)22,346.4823,436.7624,569.19
PV of Terminal Value (M)668,316.93700,924.04734,791.62
Equity Value (M)748,078.95783,326.14819,908.84
Shares Outstanding (M)24.6624.6624.66
Fair Value$30,336.61$31,765.98$33,249.50
Upside / Downside612.13%645.68%680.50%

High-Yield Dividend Screener

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