Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

InBody Co.,Ltd (041830.KQ)

Company Dividend Discount ModelIndustry: Medical - SpecialtiesSector: Healthcare

Valuation Snapshot

Stable Growth$46,985.11 - $103,097.71$67,507.33
Multi-Stage$33,829.68 - $36,957.87$35,365.44
Blended Fair Value$51,436.39
Current Price$23,850.00
Upside115.67%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.05%23.68%357.98306.84204.56143.19146.21126.91127.03106.8885.5064.13
YoY Growth--16.67%50.00%42.86%-2.07%15.21%-0.09%18.85%25.00%33.33%50.00%
Dividend Yield--1.61%1.04%0.70%0.51%0.72%0.80%0.57%0.21%0.37%0.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)30,623.36
(-) Cash Dividends Paid (M)5,043.18
(=) Cash Retained (M)25,580.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6,124.673,827.922,296.75
Cash Retained (M)25,580.1825,580.1825,580.18
(-) Cash Required (M)-6,124.67-3,827.92-2,296.75
(=) Excess Retained (M)19,455.5121,752.2623,283.43
(/) Shares Outstanding (M)12.7412.7412.74
(=) Excess Retained per Share1,527.541,707.871,828.09
LTM Dividend per Share395.96395.96395.96
(+) Excess Retained per Share1,527.541,707.871,828.09
(=) Adjusted Dividend1,923.502,103.832,224.05
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate5.50%6.50%7.50%
Fair Value$46,985.11$67,507.33$103,097.71
Upside / Downside97.00%183.05%332.28%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)30,623.3632,613.8834,733.7836,991.4839,395.9241,956.6643,215.36
Payout Ratio16.47%31.17%45.88%60.59%75.29%90.00%92.50%
Projected Dividends (M)5,043.1810,167.2915,936.2222,412.1629,662.6437,760.9939,974.21

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.82%9.82%9.82%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)9,171.299,258.229,345.15
Year 2 PV (M)12,966.8913,213.8813,463.19
Year 3 PV (M)16,449.7616,921.9817,403.14
Year 4 PV (M)19,638.6220,393.8721,170.69
Year 5 PV (M)22,551.2123,640.4424,771.36
PV of Terminal Value (M)350,093.92367,003.59384,560.43
Equity Value (M)430,871.70450,431.98470,713.97
Shares Outstanding (M)12.7412.7412.74
Fair Value$33,829.68$35,365.44$36,957.87
Upside / Downside41.84%48.28%54.96%

High-Yield Dividend Screener

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