Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hanjin Kal (180640.KS)

Company Dividend Discount ModelIndustry: Integrated Freight & LogisticsSector: Industrials

Valuation Snapshot

Stable Growth$50,126.38 - $72,575.62$61,030.29
Multi-Stage$45,924.94 - $50,113.82$47,981.58
Blended Fair Value$54,505.93
Current Price$118,200.00
Upside-53.89%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.69%17.47%353.63224.2535.6335.63227.90268.09111.8285.65158.31132.10
YoY Growth--57.70%529.32%0.00%-84.36%-14.99%139.75%30.56%-45.90%19.84%86.89%
Dividend Yield--0.44%0.36%0.08%0.06%0.40%0.36%0.44%0.41%0.81%0.61%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)434,392.40
(-) Cash Dividends Paid (M)24,080.17
(=) Cash Retained (M)410,312.23
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)86,878.4854,299.0532,579.43
Cash Retained (M)410,312.23410,312.23410,312.23
(-) Cash Required (M)-86,878.48-54,299.05-32,579.43
(=) Excess Retained (M)323,433.75356,013.18377,732.80
(/) Shares Outstanding (M)66.8666.8666.86
(=) Excess Retained per Share4,837.685,324.975,649.84
LTM Dividend per Share360.17360.17360.17
(+) Excess Retained per Share4,837.685,324.975,649.84
(=) Adjusted Dividend5,197.855,685.156,010.01
WACC / Discount Rate14.45%14.45%14.45%
Growth Rate3.69%4.69%5.69%
Fair Value$50,126.38$61,030.29$72,575.62
Upside / Downside-57.59%-48.37%-38.60%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)434,392.40454,786.91476,138.94498,493.44521,897.47546,400.31562,792.32
Payout Ratio5.54%22.43%39.33%56.22%73.11%90.00%92.50%
Projected Dividends (M)24,080.17102,030.22187,246.63280,239.88381,552.37491,760.28520,582.90

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate14.45%14.45%14.45%
Growth Rate3.69%4.69%5.69%
Year 1 PV (M)88,298.6589,150.1790,001.69
Year 2 PV (M)140,237.60142,955.45145,699.39
Year 3 PV (M)181,637.54186,943.34192,351.47
Year 4 PV (M)214,020.34222,396.30231,015.74
Year 5 PV (M)238,714.92250,449.51262,641.11
PV of Terminal Value (M)2,207,506.282,316,021.482,428,762.80
Equity Value (M)3,070,415.313,207,916.253,350,472.19
Shares Outstanding (M)66.8666.8666.86
Fair Value$45,924.94$47,981.58$50,113.82
Upside / Downside-61.15%-59.41%-57.60%

High-Yield Dividend Screener

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