Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Wooshin Systems Co., Ltd. (017370.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$316,495.54 - $372,885.37$349,448.20
Multi-Stage$264,677.66 - $290,564.20$277,378.87
Blended Fair Value$313,413.54
Current Price$7,970.00
Upside3,832.42%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS36.10%11.55%50.2130.600.000.000.0010.7521.5132.6128.7717.66
YoY Growth--64.06%0.00%0.00%0.00%-100.00%-50.00%-34.05%13.33%62.92%4.90%
Dividend Yield--0.88%0.36%0.00%0.00%0.00%0.29%0.37%0.42%0.50%0.43%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)29,030.69
(-) Cash Dividends Paid (M)771.02
(=) Cash Retained (M)28,259.67
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,806.143,628.842,177.30
Cash Retained (M)28,259.6728,259.6728,259.67
(-) Cash Required (M)-5,806.14-3,628.84-2,177.30
(=) Excess Retained (M)22,453.5324,630.8326,082.36
(/) Shares Outstanding (M)15.4815.4815.48
(=) Excess Retained per Share1,450.181,590.801,684.55
LTM Dividend per Share49.8049.8049.80
(+) Excess Retained per Share1,450.181,590.801,684.55
(=) Adjusted Dividend1,499.981,640.601,734.35
WACC / Discount Rate-1.97%-1.97%-1.97%
Growth Rate5.50%6.50%7.50%
Fair Value$316,495.54$349,448.20$372,885.37
Upside / Downside3,871.09%4,284.54%4,578.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)29,030.6930,917.6832,927.3335,067.6137,347.0039,774.5540,967.79
Payout Ratio2.66%20.12%37.59%55.06%72.53%90.00%92.50%
Projected Dividends (M)771.026,222.0912,378.5419,309.0527,088.2235,797.1037,895.21

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-1.97%-1.97%-1.97%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)6,287.606,347.206,406.79
Year 2 PV (M)12,640.5612,881.3313,124.37
Year 3 PV (M)19,925.3620,497.3421,080.17
Year 4 PV (M)28,247.1129,333.4230,450.76
Year 5 PV (M)37,721.5839,543.5541,435.24
PV of Terminal Value (M)3,993,248.254,186,123.634,386,380.81
Equity Value (M)4,098,070.464,294,726.464,498,878.14
Shares Outstanding (M)15.4815.4815.48
Fair Value$264,677.66$277,378.87$290,564.20
Upside / Downside3,220.92%3,380.29%3,545.72%

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