Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dong Suh Companies Inc. (026960.KS)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$10,972.51 - $16,070.95$13,429.39
Multi-Stage$20,860.23 - $22,895.22$21,858.02
Blended Fair Value$17,643.70
Current Price$28,400.00
Upside-37.87%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.55%3.42%795.67745.77715.67700.05723.27860.10702.18691.23691.23620.80
YoY Growth--6.69%4.21%2.23%-3.21%-15.91%22.49%1.58%0.00%11.35%9.18%
Dividend Yield--2.99%4.31%3.65%2.55%2.26%5.46%3.43%2.57%2.33%1.93%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)142,463.10
(-) Cash Dividends Paid (M)89,359.35
(=) Cash Retained (M)53,103.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)28,492.6217,807.8910,684.73
Cash Retained (M)53,103.7553,103.7553,103.75
(-) Cash Required (M)-28,492.62-17,807.89-10,684.73
(=) Excess Retained (M)24,611.1335,295.8642,419.02
(/) Shares Outstanding (M)98.6798.6798.67
(=) Excess Retained per Share249.44357.73429.93
LTM Dividend per Share905.68905.68905.68
(+) Excess Retained per Share249.44357.73429.93
(=) Adjusted Dividend1,155.121,263.421,335.61
WACC / Discount Rate8.01%8.01%8.01%
Growth Rate-2.28%-1.28%-0.28%
Fair Value$10,972.51$13,429.39$16,070.95
Upside / Downside-61.36%-52.71%-43.41%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)142,463.10140,642.57138,845.30137,071.01135,319.38133,590.14137,597.85
Payout Ratio62.72%68.18%73.63%79.09%84.54%90.00%92.50%
Projected Dividends (M)89,359.3595,889.60102,238.37108,409.22114,405.65120,231.13127,278.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.01%8.01%8.01%
Growth Rate-2.28%-1.28%-0.28%
Year 1 PV (M)87,879.4088,778.6789,677.95
Year 2 PV (M)85,870.7087,637.1489,421.56
Year 3 PV (M)83,447.4086,035.4888,676.53
Year 4 PV (M)80,706.7184,061.2887,519.36
Year 5 PV (M)77,731.0781,790.4586,017.69
PV of Terminal Value (M)1,642,544.351,728,323.641,817,649.84
Equity Value (M)2,058,179.622,156,626.682,258,962.94
Shares Outstanding (M)98.6798.6798.67
Fair Value$20,860.23$21,858.02$22,895.22
Upside / Downside-26.55%-23.04%-19.38%

High-Yield Dividend Screener

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