Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

BYC Co., Ltd. (001460.KS)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$14,336.52 - $20,098.18$17,203.03
Multi-Stage$21,822.67 - $23,984.13$22,882.36
Blended Fair Value$20,042.70
Current Price$38,600.00
Upside-48.08%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS24.36%14.73%302.64302.64151.96111.77111.77101.7386.6681.6482.7881.63
YoY Growth--0.00%99.15%35.96%0.00%9.88%17.39%6.15%-1.39%1.41%6.56%
Dividend Yield--1.13%0.62%0.35%0.25%0.32%0.54%0.35%0.28%0.22%0.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)19,316.84
(-) Cash Dividends Paid (M)2,919.59
(=) Cash Retained (M)16,397.25
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,863.372,414.611,448.76
Cash Retained (M)16,397.2516,397.2516,397.25
(-) Cash Required (M)-3,863.37-2,414.61-1,448.76
(=) Excess Retained (M)12,533.8813,982.6414,948.49
(/) Shares Outstanding (M)8.318.318.31
(=) Excess Retained per Share1,509.151,683.591,799.88
LTM Dividend per Share351.54351.54351.54
(+) Excess Retained per Share1,509.151,683.591,799.88
(=) Adjusted Dividend1,860.692,035.132,151.42
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate-2.64%-1.64%-0.64%
Fair Value$14,336.52$17,203.03$20,098.18
Upside / Downside-62.86%-55.43%-47.93%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)19,316.8419,000.2318,688.8118,382.4918,081.1917,784.8418,318.38
Payout Ratio15.11%30.09%45.07%60.05%75.02%90.00%92.50%
Projected Dividends (M)2,919.595,717.438,422.7711,037.8913,565.0316,006.3516,944.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate-2.64%-1.64%-0.64%
Year 1 PV (M)5,144.965,197.805,250.65
Year 2 PV (M)6,820.516,961.347,103.60
Year 3 PV (M)8,043.208,293.598,549.12
Year 4 PV (M)8,894.969,266.079,648.68
Year 5 PV (M)9,444.889,939.9910,455.65
PV of Terminal Value (M)142,894.23150,384.91158,186.48
Equity Value (M)181,242.74190,043.70199,194.18
Shares Outstanding (M)8.318.318.31
Fair Value$21,822.67$22,882.36$23,984.13
Upside / Downside-43.46%-40.72%-37.86%

High-Yield Dividend Screener

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