Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

S&S Tech Corporation (101490.KQ)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$90,800.93 - $347,553.06$260,816.75
Multi-Stage$42,149.46 - $46,159.73$44,117.69
Blended Fair Value$152,467.22
Current Price$40,200.00
Upside279.27%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS26.98%0.00%149.13147.7298.4878.7845.1845.1846.650.000.000.00
YoY Growth--0.96%50.00%25.00%74.37%0.00%-3.15%0.00%0.00%0.00%0.00%
Dividend Yield--0.48%0.32%0.24%0.26%0.14%0.29%0.83%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)36,965.96
(-) Cash Dividends Paid (M)3,124.44
(=) Cash Retained (M)33,841.52
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,393.194,620.752,772.45
Cash Retained (M)33,841.5233,841.5233,841.52
(-) Cash Required (M)-7,393.19-4,620.75-2,772.45
(=) Excess Retained (M)26,448.3329,220.7731,069.07
(/) Shares Outstanding (M)21.1521.1521.15
(=) Excess Retained per Share1,250.371,381.441,468.82
LTM Dividend per Share147.71147.71147.71
(+) Excess Retained per Share1,250.371,381.441,468.82
(=) Adjusted Dividend1,398.081,529.151,616.53
WACC / Discount Rate7.12%7.12%7.12%
Growth Rate5.50%6.50%7.50%
Fair Value$90,800.93$260,816.75$347,553.06
Upside / Downside125.87%548.80%764.56%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)36,965.9639,368.7541,927.7244,653.0247,555.4750,646.5752,165.97
Payout Ratio8.45%24.76%41.07%57.38%73.69%90.00%92.50%
Projected Dividends (M)3,124.449,748.4017,220.2725,622.3035,043.8345,581.9148,253.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.12%7.12%7.12%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)9,014.639,100.079,185.52
Year 2 PV (M)14,725.4615,005.9415,289.06
Year 3 PV (M)20,261.0220,842.6521,435.29
Year 4 PV (M)25,625.3326,610.8027,624.44
Year 5 PV (M)30,822.2832,311.0133,856.71
PV of Terminal Value (M)791,116.47829,327.70869,001.35
Equity Value (M)891,565.19933,198.16976,392.37
Shares Outstanding (M)21.1521.1521.15
Fair Value$42,149.46$44,117.69$46,159.73
Upside / Downside4.85%9.75%14.83%

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