Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

GC Biopharma Corp. (006280.KS)

Company Dividend Discount ModelIndustry: Medical - PharmaceuticalsSector: Healthcare

Valuation Snapshot

Stable Growth$135,537.01 - $473,591.75$223,846.84
Multi-Stage$128,102.99 - $140,424.17$134,148.43
Blended Fair Value$178,997.63
Current Price$129,200.00
Upside38.54%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.55%2.86%1,711.372,175.082,101.511,621.891,114.401,084.571,249.991,343.211,796.151,316.75
YoY Growth---21.32%3.50%29.57%45.54%2.75%-13.23%-6.94%-25.22%36.41%1.97%
Dividend Yield--1.40%1.76%1.72%0.80%0.31%0.79%0.87%0.65%1.13%0.74%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)56,335.14
(-) Cash Dividends Paid (M)18,831.36
(=) Cash Retained (M)37,503.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11,267.037,041.894,225.14
Cash Retained (M)37,503.7937,503.7937,503.79
(-) Cash Required (M)-11,267.03-7,041.89-4,225.14
(=) Excess Retained (M)26,236.7630,461.8933,278.65
(/) Shares Outstanding (M)11.4111.4111.41
(=) Excess Retained per Share2,298.802,668.992,915.79
LTM Dividend per Share1,649.961,649.961,649.96
(+) Excess Retained per Share2,298.802,668.992,915.79
(=) Adjusted Dividend3,948.754,318.954,565.75
WACC / Discount Rate6.61%6.61%6.61%
Growth Rate3.59%4.59%5.59%
Fair Value$135,537.01$223,846.84$473,591.75
Upside / Downside4.90%73.26%266.56%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)56,335.1458,919.6061,622.6264,449.6567,406.3770,498.7372,613.70
Payout Ratio33.43%44.74%56.06%67.37%78.69%90.00%92.50%
Projected Dividends (M)18,831.3626,361.7534,543.4443,420.3453,039.0263,448.8667,167.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.61%6.61%6.61%
Growth Rate3.59%4.59%5.59%
Year 1 PV (M)24,491.8624,728.3024,964.73
Year 2 PV (M)29,816.7830,395.2530,979.26
Year 3 PV (M)34,820.5935,838.7936,876.66
Year 4 PV (M)39,517.1941,065.3742,658.60
Year 5 PV (M)43,919.9646,081.2348,326.76
PV of Terminal Value (M)1,289,505.031,352,960.631,418,890.10
Equity Value (M)1,462,071.411,531,069.571,602,696.11
Shares Outstanding (M)11.4111.4111.41
Fair Value$128,102.99$134,148.43$140,424.17
Upside / Downside-0.85%3.83%8.69%

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