Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hyosung Corporation (004800.KS)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$83,455.81 - $112,781.83$98,467.05
Multi-Stage$266,136.61 - $295,435.55$280,473.70
Blended Fair Value$189,470.37
Current Price$84,900.00
Upside123.17%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-11.62%5.29%4,207.417,087.1710,428.507,825.695,764.837,803.4610,435.949,426.146,598.304,974.19
YoY Growth---40.63%-32.04%33.26%35.75%-26.12%-25.23%10.71%42.86%32.65%97.97%
Dividend Yield--8.77%11.85%15.43%9.11%6.48%12.77%13.82%7.69%4.87%3.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)324,576.91
(-) Cash Dividends Paid (M)66,652.81
(=) Cash Retained (M)257,924.09
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)64,915.3840,572.1124,343.27
Cash Retained (M)257,924.09257,924.09257,924.09
(-) Cash Required (M)-64,915.38-40,572.11-24,343.27
(=) Excess Retained (M)193,008.71217,351.98233,580.83
(/) Shares Outstanding (M)17.6517.6517.65
(=) Excess Retained per Share10,937.2012,316.6513,236.29
LTM Dividend per Share3,777.013,777.013,777.01
(+) Excess Retained per Share10,937.2012,316.6513,236.29
(=) Adjusted Dividend14,714.2016,093.6617,013.30
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate-9.59%-8.59%-7.59%
Fair Value$83,455.81$98,467.05$112,781.83
Upside / Downside-1.70%15.98%32.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)324,576.91296,679.74271,180.32247,872.55226,568.07207,094.70213,307.54
Payout Ratio20.54%34.43%48.32%62.21%76.11%90.00%92.50%
Projected Dividends (M)66,652.81102,141.59131,037.51154,211.72172,434.30186,385.23197,309.48

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate-9.59%-8.59%-7.59%
Year 1 PV (M)94,997.0496,047.8497,098.63
Year 2 PV (M)113,347.14115,868.55118,417.69
Year 3 PV (M)124,062.28128,224.87132,479.54
Year 4 PV (M)129,018.95134,822.85140,820.39
Year 5 PV (M)129,702.64137,036.51144,698.45
PV of Terminal Value (M)4,105,384.774,337,518.714,580,036.46
Equity Value (M)4,696,512.824,949,519.325,213,551.16
Shares Outstanding (M)17.6517.6517.65
Fair Value$266,136.61$280,473.70$295,435.55
Upside / Downside213.47%230.36%247.98%

High-Yield Dividend Screener

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