Definitive Analysis
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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Hwang Kum Steel & Technology Co., Ltd (032560.KS)

Company Dividend Discount ModelIndustry: SteelSector: Basic Materials

Valuation Snapshot

Stable Growth$34,821.97 - $163,881.27$61,505.41
Multi-Stage$31,177.54 - $34,203.31$32,662.05
Blended Fair Value$47,083.73
Current Price$6,000.00
Upside684.73%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS40.52%18.54%225.90246.48188.42137.7782.4541.2382.4591.2944.1753.01
YoY Growth---8.35%30.82%36.76%67.09%100.00%-50.00%-9.68%106.66%-16.66%28.58%
Dividend Yield--4.50%3.57%2.14%1.51%1.02%1.05%1.06%1.05%0.57%1.01%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)19,016.90
(-) Cash Dividends Paid (M)3,170.41
(=) Cash Retained (M)15,846.49
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,803.382,377.111,426.27
Cash Retained (M)15,846.4915,846.4915,846.49
(-) Cash Required (M)-3,803.38-2,377.11-1,426.27
(=) Excess Retained (M)12,043.1113,469.3814,420.22
(/) Shares Outstanding (M)16.9816.9816.98
(=) Excess Retained per Share709.38793.39849.40
LTM Dividend per Share186.75186.75186.75
(+) Excess Retained per Share709.38793.39849.40
(=) Adjusted Dividend896.13980.141,036.14
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate3.68%4.68%5.68%
Fair Value$34,821.97$61,505.41$163,881.27
Upside / Downside480.37%925.09%2,631.35%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)19,016.9019,907.0320,838.8421,814.2522,835.3323,904.2024,621.32
Payout Ratio16.67%31.34%46.00%60.67%75.33%90.00%92.50%
Projected Dividends (M)3,170.416,238.319,586.4713,234.4017,202.8421,513.7822,774.72

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate3.68%4.68%5.68%
Year 1 PV (M)5,809.855,865.895,921.93
Year 2 PV (M)8,314.868,476.038,638.74
Year 3 PV (M)10,690.5211,002.8411,321.19
Year 4 PV (M)12,941.7413,448.3013,969.59
Year 5 PV (M)15,073.2715,814.3316,584.26
PV of Terminal Value (M)476,470.90499,896.22524,233.97
Equity Value (M)529,301.14554,503.62580,669.68
Shares Outstanding (M)16.9816.9816.98
Fair Value$31,177.54$32,662.05$34,203.31
Upside / Downside419.63%444.37%470.06%

High-Yield Dividend Screener

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