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SNT Motiv Co., Ltd. (064960.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$74,399.26 - $160,800.82$106,339.20
Multi-Stage$99,017.35 - $108,678.62$103,756.43
Blended Fair Value$105,047.82
Current Price$31,300.00
Upside235.62%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.04%9.30%956.20990.501,030.82969.721,355.92747.69684.25684.25759.10524.15
YoY Growth---3.46%-3.91%6.30%-28.48%81.35%9.27%0.00%-9.86%44.83%33.33%
Dividend Yield--3.71%4.32%4.40%4.19%4.37%5.42%3.40%3.51%3.06%1.52%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)85,616.23
(-) Cash Dividends Paid (M)27,592.98
(=) Cash Retained (M)58,023.25
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17,123.2510,702.036,421.22
Cash Retained (M)58,023.2558,023.2558,023.25
(-) Cash Required (M)-17,123.25-10,702.03-6,421.22
(=) Excess Retained (M)40,900.0047,321.2251,602.03
(/) Shares Outstanding (M)21.3721.3721.37
(=) Excess Retained per Share1,913.832,214.302,414.61
LTM Dividend per Share1,291.161,291.161,291.16
(+) Excess Retained per Share1,913.832,214.302,414.61
(=) Adjusted Dividend3,204.993,505.453,705.77
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate2.14%3.14%4.14%
Fair Value$74,399.26$106,339.20$160,800.82
Upside / Downside137.70%239.74%413.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)85,616.2388,303.2791,074.6493,933.0096,881.0699,921.64102,919.29
Payout Ratio32.23%43.78%55.34%66.89%78.45%90.00%92.50%
Projected Dividends (M)27,592.9838,661.7750,398.1762,833.1775,999.0689,929.4895,200.35

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate2.14%3.14%4.14%
Year 1 PV (M)35,937.2036,289.0536,640.89
Year 2 PV (M)43,545.1344,401.9745,267.16
Year 3 PV (M)50,463.3751,960.1353,486.20
Year 4 PV (M)56,735.9058,990.6661,311.98
Year 5 PV (M)62,404.2665,519.5568,758.03
PV of Terminal Value (M)1,866,989.191,960,191.432,057,079.27
Equity Value (M)2,116,075.052,217,352.802,322,543.54
Shares Outstanding (M)21.3721.3721.37
Fair Value$99,017.35$103,756.43$108,678.62
Upside / Downside216.35%231.49%247.22%

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