Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Youngone Corporation (111770.KS)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$292,745.98 - $1,724,521.83$538,709.83
Multi-Stage$171,141.09 - $187,234.94$179,040.82
Blended Fair Value$358,875.33
Current Price$63,200.00
Upside467.84%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS30.01%20.46%1,333.451,569.491,025.81512.91410.33359.03307.74257.02207.24207.24
YoY Growth---15.04%53.00%100.00%25.00%14.29%16.67%19.74%24.02%0.00%0.00%
Dividend Yield--2.72%3.77%2.25%1.08%1.03%1.61%0.93%0.92%0.62%0.43%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)370,807.96
(-) Cash Dividends Paid (M)59,845.08
(=) Cash Retained (M)310,962.89
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)74,161.5946,351.0027,810.60
Cash Retained (M)310,962.89310,962.89310,962.89
(-) Cash Required (M)-74,161.59-46,351.00-27,810.60
(=) Excess Retained (M)236,801.29264,611.89283,152.29
(/) Shares Outstanding (M)42.7642.7642.76
(=) Excess Retained per Share5,537.626,187.986,621.55
LTM Dividend per Share1,399.481,399.481,399.48
(+) Excess Retained per Share5,537.626,187.986,621.55
(=) Adjusted Dividend6,937.117,587.468,021.03
WACC / Discount Rate8.00%8.00%8.00%
Growth Rate5.50%6.50%7.50%
Fair Value$292,745.98$538,709.83$1,724,521.83
Upside / Downside363.21%752.39%2,628.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)370,807.96394,910.48420,579.66447,917.34477,031.97508,039.04523,280.21
Payout Ratio16.14%30.91%45.68%60.46%75.23%90.00%92.50%
Projected Dividends (M)59,845.08122,071.89192,135.35270,791.30358,860.75457,235.14484,034.20

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.00%8.00%8.00%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)111,968.22113,029.53114,090.84
Year 2 PV (M)161,646.19164,725.09167,833.04
Year 3 PV (M)208,964.25214,962.86221,075.19
Year 4 PV (M)254,005.05263,773.36273,820.76
Year 5 PV (M)296,848.65311,186.55326,073.20
PV of Terminal Value (M)6,284,945.626,588,510.856,903,694.23
Equity Value (M)7,318,377.987,656,188.258,006,587.25
Shares Outstanding (M)42.7642.7642.76
Fair Value$171,141.09$179,040.82$187,234.94
Upside / Downside170.79%183.29%196.26%

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