Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Seohee Construction Co., Ltd. (035890.KQ)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$102,982.09 - $121,394.63$113,734.71
Multi-Stage$69,411.45 - $76,391.23$72,834.28
Blended Fair Value$93,284.49
Current Price$1,716.00
Upside5,336.16%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS28.34%0.00%47.2552.0158.3546.2331.8313.5713.648.310.000.00
YoY Growth---9.16%-10.86%26.21%45.22%134.63%-0.49%64.12%0.00%0.00%0.00%
Dividend Yield--3.22%3.86%4.68%2.42%1.95%1.75%1.13%0.74%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)117,279.30
(-) Cash Dividends Paid (M)8,830.67
(=) Cash Retained (M)108,448.64
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)23,455.8614,659.918,795.95
Cash Retained (M)108,448.64108,448.64108,448.64
(-) Cash Required (M)-23,455.86-14,659.91-8,795.95
(=) Excess Retained (M)84,992.7893,788.7399,652.69
(/) Shares Outstanding (M)186.91186.91186.91
(=) Excess Retained per Share454.72501.78533.15
LTM Dividend per Share47.2547.2547.25
(+) Excess Retained per Share454.72501.78533.15
(=) Adjusted Dividend501.97549.03580.40
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate2.58%3.58%4.58%
Fair Value$102,982.09$113,734.71$121,394.63
Upside / Downside5,901.29%6,527.90%6,974.28%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)117,279.30121,476.47125,823.84130,326.79134,990.90139,821.92144,016.58
Payout Ratio7.53%24.02%40.52%57.01%73.51%90.00%92.50%
Projected Dividends (M)8,830.6729,183.1250,981.0074,301.7099,226.30125,839.73133,215.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate2.58%3.58%4.58%
Year 1 PV (M)28,864.1029,145.4829,426.87
Year 2 PV (M)49,872.4750,849.5851,836.17
Year 3 PV (M)71,891.4974,014.5876,179.06
Year 4 PV (M)94,958.0498,715.37102,583.12
Year 5 PV (M)119,110.19125,030.29131,183.48
PV of Terminal Value (M)12,609,137.5713,235,845.6213,887,228.85
Equity Value (M)12,973,833.8513,613,600.9214,278,437.54
Shares Outstanding (M)186.91186.91186.91
Fair Value$69,411.45$72,834.28$76,391.23
Upside / Downside3,944.96%4,144.42%4,351.70%

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