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CUCKOO Homesys Co., Ltd (284740.KS)

Company Dividend Discount ModelIndustry: Technology DistributorsSector: Technology

Valuation Snapshot

Stable Growth$72,244.81 - $131,274.77$96,791.16
Multi-Stage$120,804.92 - $132,828.58$126,700.97
Blended Fair Value$111,746.06
Current Price$26,200.00
Upside326.51%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS51.43%0.00%1,175.04700.07650.06600.06137.27147.560.000.000.000.00
YoY Growth--67.85%7.69%8.33%337.14%-6.97%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--5.68%3.16%2.45%1.70%0.32%0.46%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)114,511.60
(-) Cash Dividends Paid (M)22,422.38
(=) Cash Retained (M)92,089.22
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)22,902.3214,313.958,588.37
Cash Retained (M)92,089.2292,089.2292,089.22
(-) Cash Required (M)-22,902.32-14,313.95-8,588.37
(=) Excess Retained (M)69,186.9077,775.2783,500.85
(/) Shares Outstanding (M)22.4222.4222.42
(=) Excess Retained per Share3,085.913,468.973,724.35
LTM Dividend per Share1,000.101,000.101,000.10
(+) Excess Retained per Share3,085.913,468.973,724.35
(=) Adjusted Dividend4,086.014,469.074,724.44
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate0.73%1.73%2.73%
Fair Value$72,244.81$96,791.16$131,274.77
Upside / Downside175.74%269.43%401.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)114,511.60116,497.22118,517.26120,572.33122,663.04124,790.00128,533.70
Payout Ratio19.58%33.66%47.75%61.83%75.92%90.00%92.50%
Projected Dividends (M)22,422.3839,218.4456,590.2574,552.7193,121.09112,311.00118,893.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate0.73%1.73%2.73%
Year 1 PV (M)36,486.4036,848.6137,210.81
Year 2 PV (M)48,980.4749,957.7750,944.72
Year 3 PV (M)60,032.3761,838.0363,679.53
Year 4 PV (M)69,760.7072,572.3175,468.08
Year 5 PV (M)78,275.4882,238.6486,360.74
PV of Terminal Value (M)2,414,941.132,537,212.002,664,386.02
Equity Value (M)2,708,476.552,840,667.362,978,049.90
Shares Outstanding (M)22.4222.4222.42
Fair Value$120,804.92$126,700.97$132,828.58
Upside / Downside361.09%383.59%406.98%

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