Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Meritz Securities Co., Ltd. (008560.KS)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$228,275.06 - $268,946.70$252,042.45
Multi-Stage$81,556.86 - $89,462.94$85,436.32
Blended Fair Value$168,739.39
Current Price$6,130.00
Upside2,652.68%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2022202120202019201820172016201520142013
DPS4.11%26.95%190.93411.48252.75238.47435.35156.14171.5872.8934.9243.23
YoY Growth---53.60%62.80%5.99%-45.22%178.82%-9.00%135.40%108.72%-19.22%146.25%
Dividend Yield--3.11%6.29%5.48%8.43%8.39%3.65%4.61%2.04%0.67%2.06%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)822,095.09
(-) Cash Dividends Paid (M)116,069.24
(=) Cash Retained (M)706,025.84
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)164,419.02102,761.8961,657.13
Cash Retained (M)706,025.84706,025.84706,025.84
(-) Cash Required (M)-164,419.02-102,761.89-61,657.13
(=) Excess Retained (M)541,606.83603,263.96644,368.71
(/) Shares Outstanding (M)607.91607.91607.91
(=) Excess Retained per Share890.94992.361,059.98
LTM Dividend per Share190.93190.93190.93
(+) Excess Retained per Share890.94992.361,059.98
(=) Adjusted Dividend1,081.871,183.301,250.91
WACC / Discount Rate4.73%4.73%4.73%
Growth Rate5.50%6.50%7.50%
Fair Value$228,275.06$252,042.45$268,946.70
Upside / Downside3,623.90%4,011.62%4,287.39%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)822,095.09875,531.27932,440.80993,049.451,057,597.661,126,341.511,160,131.76
Payout Ratio14.12%29.29%44.47%59.65%74.82%90.00%92.50%
Projected Dividends (M)116,069.24256,486.62414,667.87592,329.02791,334.151,013,707.361,073,121.88

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.73%4.73%4.73%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)242,610.97244,910.60247,210.23
Year 2 PV (M)371,015.30378,082.10385,215.57
Year 3 PV (M)501,302.84515,693.44530,356.84
Year 4 PV (M)633,494.40657,856.80682,915.23
Year 5 PV (M)767,610.99804,686.89843,181.77
PV of Terminal Value (M)47,062,822.5749,335,974.5051,696,125.30
Equity Value (M)49,578,857.0751,937,204.3354,385,004.94
Shares Outstanding (M)607.91607.91607.91
Fair Value$81,556.86$85,436.32$89,462.94
Upside / Downside1,230.45%1,293.74%1,359.43%

High-Yield Dividend Screener

« Prev Page 45 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
558.SIUMS Holdings Limited3.60%$0.0588.87%
601019.SSShandong Publishing&Media Co.,Ltd3.60%$0.3141.99%
603233.SSDaShenLin Pharmaceutical Group Co., Ltd.3.60%$0.6463.21%
603658.SSAutobio Diagnostics Co., Ltd.3.60%$1.2766.33%
603661.SSHenglin Home Furnishings Co.,Ltd3.60%$1.1557.55%
6371.TTsubakimoto Chain Co.3.60%$83.2737.31%
FSMART.BKForth Smart Service Public Company Limited3.60%$0.2331.86%
KABE-B.STKABE Group AB (publ.)3.60%$8.0076.60%
SKLT.JKPT Sekar Laut Tbk3.60%$9.0042.24%
TFMAMA.BKThai President Foods Public Company Limited3.60%$6.9357.58%
002469.SZShandong Sunway Chemical Group Co., Ltd.3.59%$0.3072.05%
216050.KQIncross Co., Ltd.3.59%$241.9426.78%
2845.TWFar Eastern International Bank Ltd.3.59%$0.4654.51%
6461.TNippon Piston Ring Co., Ltd.3.59%$68.2725.12%
7751.TCanon Inc.3.59%$166.4591.69%
E4C.DEEcotel Communication Ag3.59%$0.4282.27%
LHA.DEDeutsche Lufthansa AG3.59%$0.3122.46%
NTBThe Bank of N.T. Butterfield & Son Limited3.59%$1.7833.40%
SVOA.BKSVOA Public Company Limited3.59%$0.0521.40%
TRAC-B.STAB Traction3.59%$9.0082.36%
0IX0.LGL Events S.A.3.58%$1.0420.20%
0QNG.LJungfraubahn Holding AG3.58%$10.2542.20%
3231.TNomura Real Estate Holdings, Inc.3.58%$34.6440.45%
4106.TWWellell Inc.3.58%$0.8058.20%
EIK.ICEik fasteignafélag hf.3.58%$0.5024.04%
053690.KSHanmiGlobal Co., Ltd.3.57%$642.0628.05%
286940.KSLotte Innovate Co Ltd3.57%$699.8899.32%
601158.SSChongqing Water Group Co.,Ltd.3.57%$0.1691.61%
ILC.SNInversiones La Construcción S.A.3.57%$650.4128.71%
058850.KSKtcs Corporation3.56%$100.0915.29%
1294.TWOHantech Bio-Technology Co., Ltd.3.56%$2.8166.03%
3283.TNippon Prologis REIT, Inc.3.56%$3,304.8853.00%
688121.SSShanghai Supezet Engineering Technology Corp., Ltd.3.56%$0.3973.41%
EMIRATESNBD.AEEmirates NBD Bank PJSC3.56%$1.0228.25%
FLEXO.ATFlexopack Société Anonyme Commercial and Industrial Plastics Company3.56%$0.3017.58%
006040.KSDongwon Industries Co., Ltd.3.55%$1,474.3049.91%
2715.TElematec Corporation3.55%$84.9964.74%
3700.HKInkeverse Group Limited3.55%$0.0411.74%
600958.SSOrient Securities Company Limited3.55%$0.3963.25%
7955.TCleanup Corporation3.55%$31.0045.30%
ISAT.JKPT Indosat Ooredoo Hutchison Tbk3.55%$83.7958.49%
PBSA.JKPT Paramita Bangun Sarana Tbk3.55%$55.0071.03%
004800.KSHyosung Corporation3.54%$3,986.8920.54%
6414.TWEnnoconn Corporation3.54%$10.1352.07%
WIHL.STWihlborgs Fastigheter AB (publ)3.54%$3.2044.13%
002081.SZSuzhou Gold Mantis Construction Decoration Co., Ltd.3.53%$0.1270.03%
0RHV.LInvestis Holding S.A.3.53%$5.1018.83%
2760.TTokyo Electron Device Limited3.53%$119.8646.59%
5515.TWChien Kuo Construction Co., Ltd.3.53%$1.2751.00%
600603.SSGuanghui Logistics Co.Ltd3.53%$0.2263.76%