Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

LX Holdings Corp. (383800.KS)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$3,893.22 - $4,949.51$4,462.78
Multi-Stage$12,382.17 - $13,971.61$13,157.07
Blended Fair Value$8,809.92
Current Price$7,720.00
Upside14.12%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS-43.29%0.00%270.13310.130.000.005,170.754,606.902,977.990.000.000.00
YoY Growth---12.90%0.00%0.00%-100.00%12.24%54.70%0.00%0.00%0.00%0.00%
Dividend Yield--4.21%4.45%0.00%0.00%0.00%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)148,540.00
(-) Cash Dividends Paid (M)22,545.00
(=) Cash Retained (M)125,995.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)29,708.0018,567.5011,140.50
Cash Retained (M)125,995.00125,995.00125,995.00
(-) Cash Required (M)-29,708.00-18,567.50-11,140.50
(=) Excess Retained (M)96,287.00107,427.50114,854.50
(/) Shares Outstanding (M)77.7177.7177.71
(=) Excess Retained per Share1,239.111,382.471,478.05
LTM Dividend per Share290.13290.13290.13
(+) Excess Retained per Share1,239.111,382.471,478.05
(=) Adjusted Dividend1,529.241,672.601,768.18
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate-23.65%-22.65%-21.65%
Fair Value$3,893.22$4,462.78$4,949.51
Upside / Downside-49.57%-42.19%-35.89%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)148,540.00114,900.5588,879.3368,751.0753,181.2041,137.4042,371.52
Payout Ratio15.18%30.14%45.11%60.07%75.04%90.00%92.50%
Projected Dividends (M)22,545.0034,633.5440,090.4841,299.5239,904.8137,023.6639,193.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate-23.65%-22.65%-21.65%
Year 1 PV (M)32,146.2932,567.3132,988.33
Year 2 PV (M)34,538.9635,449.6036,372.09
Year 3 PV (M)33,025.3234,339.9935,689.10
Year 4 PV (M)29,618.3831,200.7832,845.76
Year 5 PV (M)25,506.4227,221.0429,026.65
PV of Terminal Value (M)807,342.51861,614.51918,766.70
Equity Value (M)962,177.891,022,393.231,085,688.62
Shares Outstanding (M)77.7177.7177.71
Fair Value$12,382.17$13,157.07$13,971.61
Upside / Downside60.39%70.43%80.98%

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