Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

DoubleUGames Co., Ltd. (192080.KS)

Company Dividend Discount ModelIndustry: Electronic Gaming & MultimediaSector: Technology

Valuation Snapshot

Stable Growth$505,349.31 - $1,605,575.18$1,504,659.08
Multi-Stage$210,735.65 - $230,773.44$220,570.12
Blended Fair Value$862,614.60
Current Price$52,000.00
Upside1,558.87%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.51%0.00%856.03503.80600.12300.06298.05297.81286.29519.670.000.00
YoY Growth--69.91%-16.05%100.00%0.68%0.08%4.02%-44.91%0.00%0.00%0.00%
Dividend Yield--1.72%1.21%1.63%0.70%0.52%0.82%0.55%0.88%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)159,857.16
(-) Cash Dividends Paid (M)23,865.64
(=) Cash Retained (M)135,991.52
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)31,971.4319,982.1511,989.29
Cash Retained (M)135,991.52135,991.52135,991.52
(-) Cash Required (M)-31,971.43-19,982.15-11,989.29
(=) Excess Retained (M)104,020.09116,009.37124,002.23
(/) Shares Outstanding (M)19.8019.8019.80
(=) Excess Retained per Share5,253.345,858.846,262.50
LTM Dividend per Share1,205.291,205.291,205.29
(+) Excess Retained per Share5,253.345,858.846,262.50
(=) Adjusted Dividend6,458.637,064.137,467.79
WACC / Discount Rate6.85%6.85%6.85%
Growth Rate5.50%6.50%7.50%
Fair Value$505,349.31$1,504,659.08$1,605,575.18
Upside / Downside871.83%2,793.58%2,987.64%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)159,857.16170,247.88181,313.99193,099.40205,650.86219,018.16225,588.71
Payout Ratio14.93%29.94%44.96%59.97%74.99%90.00%92.50%
Projected Dividends (M)23,865.6450,978.1481,514.44115,805.07154,209.09197,116.35208,669.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.85%6.85%6.85%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)47,262.7647,710.7548,158.74
Year 2 PV (M)70,065.5771,400.1272,747.26
Year 3 PV (M)92,285.3494,934.5297,633.92
Year 4 PV (M)113,933.17118,314.71122,821.44
Year 5 PV (M)135,019.93141,541.45148,312.55
PV of Terminal Value (M)3,714,157.123,893,552.304,079,813.35
Equity Value (M)4,172,723.894,367,453.854,569,487.26
Shares Outstanding (M)19.8019.8019.80
Fair Value$210,735.65$220,570.12$230,773.44
Upside / Downside305.26%324.17%343.80%

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