Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Daewon Kang Up Co., Ltd. (000430.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$5,192.99 - $28,936.17$9,470.87
Multi-Stage$14,897.91 - $16,463.83$15,665.07
Blended Fair Value$12,567.97
Current Price$3,735.00
Upside236.49%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-0.83%-0.82%142.09137.31205.20130.24147.73148.14148.93163.47165.74154.24
YoY Growth--3.48%-33.08%57.56%-11.84%-0.27%-0.53%-8.89%-1.37%7.45%-0.01%
Dividend Yield--4.03%2.65%5.93%4.06%3.30%5.31%3.15%3.53%3.50%3.37%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)10,480.92
(-) Cash Dividends Paid (M)9,322.86
(=) Cash Retained (M)1,158.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,096.181,310.12786.07
Cash Retained (M)1,158.061,158.061,158.06
(-) Cash Required (M)-2,096.18-1,310.12-786.07
(=) Excess Retained (M)-938.12-152.05371.99
(/) Shares Outstanding (M)61.8461.8461.84
(=) Excess Retained per Share-15.17-2.466.02
LTM Dividend per Share150.75150.75150.75
(+) Excess Retained per Share-15.17-2.466.02
(=) Adjusted Dividend135.58148.30156.77
WACC / Discount Rate-0.28%-0.28%-0.28%
Growth Rate-2.82%-1.82%-0.82%
Fair Value$5,192.99$9,470.87$28,936.17
Upside / Downside39.04%153.57%674.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)10,480.9210,290.4010,103.349,919.689,739.369,562.319,849.18
Payout Ratio88.95%89.16%89.37%89.58%89.79%90.00%92.50%
Projected Dividends (M)9,322.869,174.989,029.408,886.088,744.988,606.089,110.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-0.28%-0.28%-0.28%
Growth Rate-2.82%-1.82%-0.82%
Year 1 PV (M)9,107.089,200.799,294.50
Year 2 PV (M)8,896.249,080.269,266.17
Year 3 PV (M)8,690.238,961.279,237.88
Year 4 PV (M)8,488.958,843.789,209.63
Year 5 PV (M)8,292.288,727.799,181.41
PV of Terminal Value (M)877,830.45923,933.70971,953.99
Equity Value (M)921,305.23968,747.601,018,143.58
Shares Outstanding (M)61.8461.8461.84
Fair Value$14,897.91$15,665.07$16,463.83
Upside / Downside298.87%319.41%340.80%

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