Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Samsung Engineering Co., Ltd. (028050.KS)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$30,156.25 - $49,006.27$38,608.17
Multi-Stage$61,096.93 - $67,260.18$64,118.34
Blended Fair Value$51,363.25
Current Price$26,800.00
Upside91.65%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.980.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)555,711.42
(-) Cash Dividends Paid (M)129,555.99
(=) Cash Retained (M)426,155.43
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)111,142.2869,463.9341,678.36
Cash Retained (M)426,155.43426,155.43426,155.43
(-) Cash Required (M)-111,142.28-69,463.93-41,678.36
(=) Excess Retained (M)315,013.15356,691.50384,477.07
(/) Shares Outstanding (M)200.30200.30200.30
(=) Excess Retained per Share1,572.681,780.751,919.47
LTM Dividend per Share646.80646.80646.80
(+) Excess Retained per Share1,572.681,780.751,919.47
(=) Adjusted Dividend2,219.472,427.552,566.27
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-0.87%0.13%1.13%
Fair Value$30,156.25$38,608.17$49,006.27
Upside / Downside12.52%44.06%82.86%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)555,711.42556,407.50557,104.45557,802.28558,500.97559,200.55575,976.56
Payout Ratio23.31%36.65%49.99%63.33%76.66%90.00%92.50%
Projected Dividends (M)129,555.99203,927.97278,486.05353,230.61428,161.97503,280.49532,778.32

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-0.87%0.13%1.13%
Year 1 PV (M)189,710.32191,624.17193,538.01
Year 2 PV (M)241,008.20245,895.42250,831.71
Year 3 PV (M)284,381.19293,075.03301,944.28
Year 4 PV (M)320,674.78333,812.10347,349.00
Year 5 PV (M)350,655.78368,703.78387,487.38
PV of Terminal Value (M)10,851,513.2911,410,032.8311,991,316.50
Equity Value (M)12,237,943.5712,843,143.3413,472,466.88
Shares Outstanding (M)200.30200.30200.30
Fair Value$61,096.93$64,118.34$67,260.18
Upside / Downside127.97%139.25%150.97%

High-Yield Dividend Screener

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