Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

DY DEOKYANG Co.,Ltd. (024900.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$43,699.39 - $51,485.29$48,249.25
Multi-Stage$33,460.91 - $36,726.96$35,063.42
Blended Fair Value$41,656.34
Current Price$2,100.00
Upside1,883.64%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.16%-18.50%49.710.000.000.000.0019.8453.899.83131.53483.92
YoY Growth--0.00%0.00%0.00%0.00%-100.00%-63.18%448.00%-92.52%-72.82%25.85%
Dividend Yield--1.86%0.00%0.00%0.00%0.00%2.63%4.11%0.65%8.22%24.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8,444.42
(-) Cash Dividends Paid (M)1,621.38
(=) Cash Retained (M)6,823.04
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,688.881,055.55633.33
Cash Retained (M)6,823.046,823.046,823.04
(-) Cash Required (M)-1,688.88-1,055.55-633.33
(=) Excess Retained (M)5,134.165,767.496,189.71
(/) Shares Outstanding (M)32.6232.6232.62
(=) Excess Retained per Share157.40176.82189.76
LTM Dividend per Share49.7149.7149.71
(+) Excess Retained per Share157.40176.82189.76
(=) Adjusted Dividend207.11226.52239.47
WACC / Discount Rate-0.16%-0.16%-0.16%
Growth Rate5.50%6.50%7.50%
Fair Value$43,699.39$48,249.25$51,485.29
Upside / Downside1,980.92%2,197.58%2,351.68%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,444.428,993.319,577.8710,200.4410,863.4611,569.5911,916.68
Payout Ratio19.20%33.36%47.52%61.68%75.84%90.00%92.50%
Projected Dividends (M)1,621.383,000.214,551.446,291.658,238.8610,412.6311,022.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-0.16%-0.16%-0.16%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,976.743,004.963,033.18
Year 2 PV (M)4,480.524,565.864,652.01
Year 3 PV (M)6,145.176,321.586,501.33
Year 4 PV (M)7,984.118,291.168,606.98
Year 5 PV (M)10,011.7410,495.3110,997.39
PV of Terminal Value (M)1,059,853.911,111,045.251,164,195.81
Equity Value (M)1,091,452.211,143,724.131,197,986.69
Shares Outstanding (M)32.6232.6232.62
Fair Value$33,460.91$35,063.42$36,726.96
Upside / Downside1,493.38%1,569.69%1,648.90%

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