Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

VITZROCELL Co.,Ltd. (082920.KQ)

Company Dividend Discount ModelIndustry: Technology DistributorsSector: Technology

Valuation Snapshot

Stable Growth$9,933.95 - $14,166.25$12,013.12
Multi-Stage$15,230.02 - $16,732.79$15,966.84
Blended Fair Value$13,989.98
Current Price$14,125.00
Upside-0.96%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS0.00%0.00%141.14108.0381.5065.9254.930.000.000.000.000.00
YoY Growth--30.64%32.55%23.64%20.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.20%1.19%0.91%0.00%0.00%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)57,553.16
(-) Cash Dividends Paid (M)10,334.94
(=) Cash Retained (M)47,218.22
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11,510.637,194.144,316.49
Cash Retained (M)47,218.2247,218.2247,218.22
(-) Cash Required (M)-11,510.63-7,194.14-4,316.49
(=) Excess Retained (M)35,707.5940,024.0742,901.73
(/) Shares Outstanding (M)39.2139.2139.21
(=) Excess Retained per Share910.701,020.791,094.19
LTM Dividend per Share263.59263.59263.59
(+) Excess Retained per Share910.701,020.791,094.19
(=) Adjusted Dividend1,174.291,284.381,357.78
WACC / Discount Rate9.58%9.58%9.58%
Growth Rate-2.00%-1.00%0.00%
Fair Value$9,933.95$12,013.12$14,166.25
Upside / Downside-29.67%-14.95%0.29%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)57,553.1656,977.6356,407.8555,843.7755,285.3354,732.4856,374.46
Payout Ratio17.96%32.37%46.77%61.18%75.59%90.00%92.50%
Projected Dividends (M)10,334.9418,441.2526,384.3934,166.8341,790.9849,259.2352,146.37

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.58%9.58%9.58%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)16,658.3416,828.3216,998.31
Year 2 PV (M)21,529.3021,970.9222,417.02
Year 3 PV (M)25,184.2525,963.0926,757.82
Year 4 PV (M)27,825.8428,979.0930,167.83
Year 5 PV (M)29,627.4931,170.2632,776.64
PV of Terminal Value (M)476,324.84501,128.17526,954.17
Equity Value (M)597,150.06626,039.86656,071.78
Shares Outstanding (M)39.2139.2139.21
Fair Value$15,230.02$15,966.84$16,732.79
Upside / Downside7.82%13.04%18.46%

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