Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Woongjin Co., Ltd. (016880.KS)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$12,769.07 - $20,802.22$16,365.22
Multi-Stage$37,519.86 - $41,424.24$39,433.09
Blended Fair Value$27,899.16
Current Price$2,780.00
Upside903.57%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.0040.3975.0165.48244.340.000.000.000.000.00
YoY Growth---100.00%-46.15%14.56%-73.20%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%3.22%4.44%3.81%8.40%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)91,693.57
(-) Cash Dividends Paid (M)4,031.30
(=) Cash Retained (M)87,662.27
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)18,338.7111,461.706,877.02
Cash Retained (M)87,662.2787,662.2787,662.27
(-) Cash Required (M)-18,338.71-11,461.70-6,877.02
(=) Excess Retained (M)69,323.5676,200.5880,785.26
(/) Shares Outstanding (M)77.6377.6377.63
(=) Excess Retained per Share893.03981.621,040.68
LTM Dividend per Share51.9351.9351.93
(+) Excess Retained per Share893.03981.621,040.68
(=) Adjusted Dividend944.961,033.551,092.61
WACC / Discount Rate5.25%5.25%5.25%
Growth Rate-2.00%-1.00%0.00%
Fair Value$12,769.07$16,365.22$20,802.22
Upside / Downside359.32%488.68%648.28%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)91,693.5790,776.6389,868.8788,970.1888,080.4887,199.6789,815.66
Payout Ratio4.40%21.52%38.64%55.76%72.88%90.00%92.50%
Projected Dividends (M)4,031.3019,532.5834,723.4449,608.5264,192.4378,479.7183,079.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.25%5.25%5.25%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)18,370.4018,557.8518,745.31
Year 2 PV (M)30,714.3031,344.3231,980.74
Year 3 PV (M)41,269.8942,546.1843,848.53
Year 4 PV (M)50,224.9852,306.5754,452.21
Year 5 PV (M)57,750.0460,757.2263,888.39
PV of Terminal Value (M)2,714,243.342,855,580.293,002,744.65
Equity Value (M)2,912,572.963,061,092.453,215,659.83
Shares Outstanding (M)77.6377.6377.63
Fair Value$37,519.86$39,433.09$41,424.24
Upside / Downside1,249.64%1,318.46%1,390.08%

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