Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Paradise Co., Ltd. (034230.KQ)

Company Dividend Discount ModelIndustry: Gambling, Resorts & CasinosSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$10,421.25 - $16,741.60$13,277.25
Multi-Stage$17,167.60 - $18,883.58$18,008.97
Blended Fair Value$15,643.11
Current Price$10,320.00
Upside51.58%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.27%-13.09%97.350.000.000.0096.0496.0496.04288.12360.15482.15
YoY Growth--0.00%0.00%0.00%-100.00%0.00%0.00%-66.67%-20.00%-25.30%21.79%
Dividend Yield--0.94%0.00%0.00%0.00%0.58%0.74%0.53%1.37%2.61%3.33%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)87,078.55
(-) Cash Dividends Paid (M)8,634.78
(=) Cash Retained (M)78,443.78
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17,415.7110,884.826,530.89
Cash Retained (M)78,443.7878,443.7878,443.78
(-) Cash Required (M)-17,415.71-10,884.82-6,530.89
(=) Excess Retained (M)61,028.0767,558.9671,912.88
(/) Shares Outstanding (M)88.7088.7088.70
(=) Excess Retained per Share688.05761.68810.77
LTM Dividend per Share97.3597.3597.35
(+) Excess Retained per Share688.05761.68810.77
(=) Adjusted Dividend785.40859.03908.12
WACC / Discount Rate7.35%7.35%7.35%
Growth Rate-0.18%0.82%1.82%
Fair Value$10,421.25$13,277.25$16,741.60
Upside / Downside0.98%28.66%62.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)87,078.5587,796.6388,520.6389,250.6089,986.5990,728.6593,450.50
Payout Ratio9.92%25.93%41.95%57.97%73.98%90.00%92.50%
Projected Dividends (M)8,634.7822,768.1837,134.0951,735.3966,574.9781,655.7886,441.72

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.35%7.35%7.35%
Growth Rate-0.18%0.82%1.82%
Year 1 PV (M)20,999.3521,209.7121,420.07
Year 2 PV (M)31,588.4132,224.4532,866.84
Year 3 PV (M)40,590.0941,822.2043,078.98
Year 4 PV (M)48,174.9050,134.4852,153.24
Year 5 PV (M)54,497.2057,282.0860,179.67
PV of Terminal Value (M)1,326,872.911,394,678.051,465,227.25
Equity Value (M)1,522,722.851,597,350.971,674,926.06
Shares Outstanding (M)88.7088.7088.70
Fair Value$17,167.60$18,008.97$18,883.58
Upside / Downside66.35%74.51%82.98%

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