Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

HWASHIN CO.,Ltd (010690.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$90,806.01 - $221,967.17$208,015.74
Multi-Stage$31,824.75 - $34,861.33$33,315.04
Blended Fair Value$120,665.39
Current Price$8,220.00
Upside1,367.95%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS44.65%2.91%148.5693.8465.6946.9246.9223.4646.9293.8494.9294.92
YoY Growth--58.31%42.86%40.00%0.00%100.01%-50.00%-50.00%-1.14%0.00%-14.90%
Dividend Yield--1.93%0.87%0.53%0.64%0.96%1.34%1.92%2.36%1.47%1.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)39,159.70
(-) Cash Dividends Paid (M)5,212.24
(=) Cash Retained (M)33,947.46
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,831.944,894.962,936.98
Cash Retained (M)33,947.4633,947.4633,947.46
(-) Cash Required (M)-7,831.94-4,894.96-2,936.98
(=) Excess Retained (M)26,115.5229,052.5031,010.48
(/) Shares Outstanding (M)35.0935.0935.09
(=) Excess Retained per Share744.33828.04883.85
LTM Dividend per Share148.56148.56148.56
(+) Excess Retained per Share744.33828.04883.85
(=) Adjusted Dividend892.89976.601,032.41
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$90,806.01$208,015.74$221,967.17
Upside / Downside1,004.70%2,430.61%2,600.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)39,159.7041,705.0844,415.9147,302.9450,377.6353,652.1855,261.74
Payout Ratio13.31%28.65%43.99%59.32%74.66%90.00%92.50%
Projected Dividends (M)5,212.2411,947.7419,536.8428,062.0437,612.9748,286.9651,117.11

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)11,109.3011,214.6011,319.90
Year 2 PV (M)16,891.0217,212.7517,537.51
Year 3 PV (M)22,559.1023,206.6923,866.56
Year 4 PV (M)28,115.1929,196.4230,308.54
Year 5 PV (M)33,560.9435,181.9536,864.99
PV of Terminal Value (M)1,004,359.741,052,870.691,103,238.27
Equity Value (M)1,116,595.291,168,883.091,223,135.77
Shares Outstanding (M)35.0935.0935.09
Fair Value$31,824.75$33,315.04$34,861.33
Upside / Downside287.16%305.29%324.10%

High-Yield Dividend Screener

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