Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Fursys Inc. (016800.KS)

Company Dividend Discount ModelIndustry: Furnishings, Fixtures & AppliancesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$92,637.31 - $254,659.22$143,207.88
Multi-Stage$103,822.52 - $113,897.92$108,765.36
Blended Fair Value$125,986.62
Current Price$44,900.00
Upside180.59%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.63%4.94%1,200.081,101.461,127.361,025.891,053.831,053.83843.22739.63745.13742.58
YoY Growth--8.95%-2.30%9.89%-2.65%0.00%24.98%14.01%-0.74%0.34%0.25%
Dividend Yield--2.87%3.05%3.81%2.77%3.57%3.83%2.69%2.36%2.34%2.03%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)35,242.58
(-) Cash Dividends Paid (M)10,738.74
(=) Cash Retained (M)24,503.84
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,048.524,405.322,643.19
Cash Retained (M)24,503.8424,503.8424,503.84
(-) Cash Required (M)-7,048.52-4,405.32-2,643.19
(=) Excess Retained (M)17,455.3220,098.5221,860.65
(/) Shares Outstanding (M)8.958.958.95
(=) Excess Retained per Share1,950.682,246.062,442.98
LTM Dividend per Share1,200.081,200.081,200.08
(+) Excess Retained per Share1,950.682,246.062,442.98
(=) Adjusted Dividend3,150.763,446.143,643.06
WACC / Discount Rate6.44%6.44%6.44%
Growth Rate2.94%3.94%4.94%
Fair Value$92,637.31$143,207.88$254,659.22
Upside / Downside106.32%218.95%467.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)35,242.5836,632.2838,076.7739,578.2241,138.8842,761.0744,043.91
Payout Ratio30.47%42.38%54.28%66.19%78.09%90.00%92.50%
Projected Dividends (M)10,738.7415,523.5720,669.0426,196.1832,127.0738,484.9740,740.61

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.44%6.44%6.44%
Growth Rate2.94%3.94%4.94%
Year 1 PV (M)14,443.4114,583.7214,724.02
Year 2 PV (M)17,892.7518,242.0618,594.75
Year 3 PV (M)21,099.5421,720.4222,353.36
Year 4 PV (M)24,076.0125,025.2426,002.26
Year 5 PV (M)26,833.8428,162.7429,543.78
PV of Terminal Value (M)824,694.14865,535.72907,979.60
Equity Value (M)929,039.69973,269.901,019,197.78
Shares Outstanding (M)8.958.958.95
Fair Value$103,822.52$108,765.36$113,897.92
Upside / Downside131.23%142.24%153.67%

High-Yield Dividend Screener

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