Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

TYM Corporation (002900.KS)

Company Dividend Discount ModelIndustry: Agricultural - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$66,164.31 - $194,052.35$181,855.47
Multi-Stage$26,147.13 - $28,639.82$27,370.51
Blended Fair Value$104,612.99
Current Price$5,470.00
Upside1,812.49%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS69.48%21.49%165.31193.04140.980.000.0011.8223.6115.7423.6111.84
YoY Growth---14.36%36.93%0.00%0.00%-100.00%-49.91%50.00%-33.33%99.40%-49.85%
Dividend Yield--3.89%3.53%1.78%0.00%0.00%0.40%0.49%0.27%0.40%0.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)40,540.23
(-) Cash Dividends Paid (M)4,496.92
(=) Cash Retained (M)36,043.31
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8,108.055,067.533,040.52
Cash Retained (M)36,043.3136,043.3136,043.31
(-) Cash Required (M)-8,108.05-5,067.53-3,040.52
(=) Excess Retained (M)27,935.2730,975.7833,002.79
(/) Shares Outstanding (M)41.5541.5541.55
(=) Excess Retained per Share672.37745.55794.33
LTM Dividend per Share108.23108.23108.23
(+) Excess Retained per Share672.37745.55794.33
(=) Adjusted Dividend780.60853.78902.57
WACC / Discount Rate6.74%6.74%6.74%
Growth Rate5.50%6.50%7.50%
Fair Value$66,164.31$181,855.47$194,052.35
Upside / Downside1,109.59%3,224.60%3,447.57%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)40,540.2343,175.3545,981.7448,970.5652,153.6455,543.6357,209.94
Payout Ratio11.09%26.87%42.66%58.44%74.22%90.00%92.50%
Projected Dividends (M)4,496.9211,602.9419,613.7428,616.9238,707.6549,989.2752,919.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.74%6.74%6.74%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)10,767.7410,869.8010,971.87
Year 2 PV (M)16,891.7117,213.4517,538.22
Year 3 PV (M)22,871.4023,527.9624,196.96
Year 4 PV (M)28,709.3429,813.4230,949.05
Year 5 PV (M)34,408.0336,069.9537,795.48
PV of Terminal Value (M)972,706.241,019,688.321,068,468.51
Equity Value (M)1,086,354.471,137,182.911,189,920.09
Shares Outstanding (M)41.5541.5541.55
Fair Value$26,147.13$27,370.51$28,639.82
Upside / Downside378.01%400.37%423.58%

High-Yield Dividend Screener

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