Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

KakaoBank Corp. (323410.KS)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$7,065.02 - $10,252.22$8,611.11
Multi-Stage$11,985.52 - $13,161.45$12,562.10
Blended Fair Value$10,586.60
Current Price$23,750.00
Upside-55.42%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS0.00%0.00%149.9080.010.000.000.000.000.000.000.000.00
YoY Growth--87.35%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.68%0.29%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)459,530.00
(-) Cash Dividends Paid (M)171,520.00
(=) Cash Retained (M)288,010.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)91,906.0057,441.2534,464.75
Cash Retained (M)288,010.00288,010.00288,010.00
(-) Cash Required (M)-91,906.00-57,441.25-34,464.75
(=) Excess Retained (M)196,104.00230,568.75253,545.25
(/) Shares Outstanding (M)476.65476.65476.65
(=) Excess Retained per Share411.42483.73531.93
LTM Dividend per Share359.85359.85359.85
(+) Excess Retained per Share411.42483.73531.93
(=) Adjusted Dividend771.27843.58891.78
WACC / Discount Rate8.70%8.70%8.70%
Growth Rate-2.00%-1.00%0.00%
Fair Value$7,065.02$8,611.11$10,252.22
Upside / Downside-70.25%-63.74%-56.83%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)459,530.00454,934.70450,385.35445,881.50441,422.68437,008.46450,118.71
Payout Ratio37.33%47.86%58.40%68.93%79.47%90.00%92.50%
Projected Dividends (M)171,520.00217,732.09263,002.78307,346.28350,776.62393,307.61416,359.81

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.70%8.70%8.70%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)198,285.10200,308.42202,331.73
Year 2 PV (M)218,120.07222,594.21227,113.78
Year 3 PV (M)232,129.81239,308.58246,633.85
Year 4 PV (M)241,268.83251,268.30261,575.41
Year 5 PV (M)246,360.22259,188.77272,546.25
PV of Terminal Value (M)4,576,700.904,815,020.345,063,165.84
Equity Value (M)5,712,864.945,987,688.626,273,366.87
Shares Outstanding (M)476.65476.65476.65
Fair Value$11,985.52$12,562.10$13,161.45
Upside / Downside-49.53%-47.11%-44.58%

High-Yield Dividend Screener

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