Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Woosung Co., Ltd. (006980.KS)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$225,589.23 - $569,919.00$339,740.23
Multi-Stage$194,536.19 - $213,250.27$203,719.04
Blended Fair Value$271,729.64
Current Price$16,710.00
Upside1,526.15%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%-5.00%299.970.00149.99150.25150.250.00250.41250.41250.41500.82
YoY Growth--0.00%-100.00%-0.17%0.00%0.00%-100.00%0.00%0.00%-50.00%0.00%
Dividend Yield--2.07%0.00%0.64%0.51%0.37%0.00%0.90%0.78%0.40%1.50%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)26,084.64
(-) Cash Dividends Paid (M)770.03
(=) Cash Retained (M)25,314.62
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,216.933,260.581,956.35
Cash Retained (M)25,314.6225,314.6225,314.62
(-) Cash Required (M)-5,216.93-3,260.58-1,956.35
(=) Excess Retained (M)20,097.6922,054.0323,358.27
(/) Shares Outstanding (M)2.572.572.57
(=) Excess Retained per Share7,829.258,591.379,099.44
LTM Dividend per Share299.97299.97299.97
(+) Excess Retained per Share7,829.258,591.379,099.44
(=) Adjusted Dividend8,129.228,891.349,399.41
WACC / Discount Rate7.78%7.78%7.78%
Growth Rate4.03%5.03%6.03%
Fair Value$225,589.23$339,740.23$569,919.00
Upside / Downside1,250.03%1,933.16%3,310.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26,084.6427,395.7728,772.8030,219.0531,738.0033,333.2934,333.29
Payout Ratio2.95%20.36%37.77%55.18%72.59%90.00%92.50%
Projected Dividends (M)770.035,578.2210,867.8416,675.1223,038.7429,999.9631,758.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.78%7.78%7.78%
Growth Rate4.03%5.03%6.03%
Year 1 PV (M)5,126.525,175.805,225.08
Year 2 PV (M)9,179.039,356.359,535.37
Year 3 PV (M)12,943.4213,320.2913,704.41
Year 4 PV (M)16,434.8417,075.9617,735.66
Year 5 PV (M)19,667.7320,631.4021,632.48
PV of Terminal Value (M)436,022.86457,386.98479,580.45
Equity Value (M)499,374.39522,946.79547,413.45
Shares Outstanding (M)2.572.572.57
Fair Value$194,536.19$203,719.04$213,250.27
Upside / Downside1,064.19%1,119.14%1,176.18%

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