Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hanwha Corporation (000880.KS)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$2,726,766.70 - $3,212,593.17$3,010,670.28
Multi-Stage$781,435.26 - $857,071.51$818,550.36
Blended Fair Value$1,914,610.32
Current Price$84,600.00
Upside2,163.13%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.50%10.23%957.79957.79907.72850.12851.76806.50731.04740.97452.10452.10
YoY Growth--0.00%5.52%6.78%-0.19%5.61%10.32%-1.34%63.89%0.00%24.98%
Dividend Yield--2.34%3.55%3.46%2.70%2.67%5.27%2.36%1.89%1.26%1.27%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,243,530.00
(-) Cash Dividends Paid (M)72,164.00
(=) Cash Retained (M)1,171,366.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)248,706.00155,441.2593,264.75
Cash Retained (M)1,171,366.001,171,366.001,171,366.00
(-) Cash Required (M)-248,706.00-155,441.25-93,264.75
(=) Excess Retained (M)922,660.001,015,924.751,078,101.25
(/) Shares Outstanding (M)76.9876.9876.98
(=) Excess Retained per Share11,985.6313,197.1714,004.86
LTM Dividend per Share937.43937.43937.43
(+) Excess Retained per Share11,985.6313,197.1714,004.86
(=) Adjusted Dividend12,923.0614,134.6014,942.29
WACC / Discount Rate5.13%5.13%5.13%
Growth Rate5.50%6.50%7.50%
Fair Value$2,726,766.70$3,010,670.28$3,212,593.17
Upside / Downside3,123.13%3,458.71%3,697.39%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,243,530.001,324,359.451,410,442.811,502,121.601,599,759.501,703,743.871,754,856.18
Payout Ratio5.80%22.64%39.48%56.32%73.16%90.00%92.50%
Projected Dividends (M)72,164.00299,868.43556,869.54846,013.851,170,394.151,533,369.481,623,241.97

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.13%5.13%5.13%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)282,557.56285,235.83287,914.10
Year 2 PV (M)494,431.15503,848.68513,355.04
Year 3 PV (M)707,792.60728,110.78748,814.13
Year 4 PV (M)922,649.74958,132.25994,628.46
Year 5 PV (M)1,139,010.471,194,025.111,251,145.28
PV of Terminal Value (M)56,608,835.2759,343,063.1862,181,936.42
Equity Value (M)60,155,276.7963,012,415.8165,977,793.44
Shares Outstanding (M)76.9876.9876.98
Fair Value$781,435.26$818,550.36$857,071.51
Upside / Downside823.68%867.55%913.09%

High-Yield Dividend Screener

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