Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hantech (098070.KQ)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$34,556.50 - $53,240.87$43,246.16
Multi-Stage$74,944.14 - $82,623.18$78,707.68
Blended Fair Value$60,976.92
Current Price$42,650.00
Upside42.97%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021
DPS0.00%0.00%320.290.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)36,287.86
(-) Cash Dividends Paid (M)3,970.15
(=) Cash Retained (M)32,317.71
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,257.574,535.982,721.59
Cash Retained (M)32,317.7132,317.7132,317.71
(-) Cash Required (M)-7,257.57-4,535.98-2,721.59
(=) Excess Retained (M)25,060.1427,781.7329,596.12
(/) Shares Outstanding (M)9.649.649.64
(=) Excess Retained per Share2,599.342,881.633,069.83
LTM Dividend per Share411.80411.80411.80
(+) Excess Retained per Share2,599.342,881.633,069.83
(=) Adjusted Dividend3,011.133,293.433,481.62
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate-2.00%-1.00%0.00%
Fair Value$34,556.50$43,246.16$53,240.87
Upside / Downside-18.98%1.40%24.83%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)36,287.8635,924.9835,565.7335,210.0834,857.9734,509.3935,544.68
Payout Ratio10.94%26.75%42.56%58.38%74.19%90.00%92.50%
Projected Dividends (M)3,970.159,610.8515,138.3520,554.3325,860.4831,058.4632,878.83

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)8,929.829,020.949,112.06
Year 2 PV (M)13,068.9313,337.0013,607.79
Year 3 PV (M)16,487.1516,997.0217,517.30
Year 4 PV (M)19,273.4520,072.2420,895.61
Year 5 PV (M)21,507.1822,627.1023,793.21
PV of Terminal Value (M)643,268.46676,764.94711,642.51
Equity Value (M)722,534.98758,819.25796,568.49
Shares Outstanding (M)9.649.649.64
Fair Value$74,944.14$78,707.68$82,623.18
Upside / Downside75.72%84.54%93.72%

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