Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

HYUNDAI WIA Corporation (011210.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$165,920.21 - $739,750.20$289,833.63
Multi-Stage$143,966.67 - $157,874.17$150,790.36
Blended Fair Value$220,311.99
Current Price$48,400.00
Upside355.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.28%5.82%849.46699.55697.34697.34697.34597.73597.731,095.831,095.83796.97
YoY Growth--21.43%0.32%0.00%0.00%16.67%0.00%-45.45%0.00%37.50%65.17%
Dividend Yield--1.92%1.20%1.25%1.08%0.90%2.23%1.41%1.98%1.61%0.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)144,806.00
(-) Cash Dividends Paid (M)29,311.00
(=) Cash Retained (M)115,495.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)28,961.2018,100.7510,860.45
Cash Retained (M)115,495.00115,495.00115,495.00
(-) Cash Required (M)-28,961.20-18,100.75-10,860.45
(=) Excess Retained (M)86,533.8097,394.25104,634.55
(/) Shares Outstanding (M)26.6626.6626.66
(=) Excess Retained per Share3,245.493,652.823,924.37
LTM Dividend per Share1,099.321,099.321,099.32
(+) Excess Retained per Share3,245.493,652.823,924.37
(=) Adjusted Dividend4,344.824,752.145,023.70
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate3.82%4.82%5.82%
Fair Value$165,920.21$289,833.63$739,750.20
Upside / Downside242.81%498.83%1,428.41%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)144,806.00151,784.23159,098.73166,765.73174,802.20183,225.95188,722.72
Payout Ratio20.24%34.19%48.14%62.10%76.05%90.00%92.50%
Projected Dividends (M)29,311.0051,899.9676,597.99103,555.89132,934.12164,903.35174,568.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate3.82%4.82%5.82%
Year 1 PV (M)48,250.3948,715.1449,179.90
Year 2 PV (M)66,204.1067,485.6168,779.42
Year 3 PV (M)83,210.1085,637.8188,112.29
Year 4 PV (M)99,305.08103,186.80107,181.23
Year 5 PV (M)114,524.46120,147.32125,988.90
PV of Terminal Value (M)3,427,053.333,595,313.063,770,117.75
Equity Value (M)3,838,547.454,020,485.764,209,359.48
Shares Outstanding (M)26.6626.6626.66
Fair Value$143,966.67$150,790.36$157,874.17
Upside / Downside197.45%211.55%226.19%

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