Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Woojin Plaimm Co., Ltd. (049800.KS)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$1,994.12 - $3,181.96$2,533.38
Multi-Stage$3,940.18 - $4,336.42$4,134.43
Blended Fair Value$3,333.91
Current Price$2,160.00
Upside54.35%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%50.2850.2850.2850.280.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.49%1.72%1.35%1.11%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)3,841.01
(-) Cash Dividends Paid (M)1,000.00
(=) Cash Retained (M)2,841.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)768.20480.13288.08
Cash Retained (M)2,841.012,841.012,841.01
(-) Cash Required (M)-768.20-480.13-288.08
(=) Excess Retained (M)2,072.802,360.882,552.93
(/) Shares Outstanding (M)19.8919.8919.89
(=) Excess Retained per Share104.22118.71128.37
LTM Dividend per Share50.2850.2850.28
(+) Excess Retained per Share104.22118.71128.37
(=) Adjusted Dividend154.51168.99178.65
WACC / Discount Rate6.67%6.67%6.67%
Growth Rate-1.00%0.00%1.00%
Fair Value$1,994.12$2,533.38$3,181.96
Upside / Downside-7.68%17.29%47.31%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,841.013,840.893,840.773,840.653,840.543,840.423,955.63
Payout Ratio26.03%38.83%51.62%64.41%77.21%90.00%92.50%
Projected Dividends (M)1,000.001,491.341,982.642,473.922,965.163,456.383,658.96

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.67%6.67%6.67%
Growth Rate-1.00%0.00%1.00%
Year 1 PV (M)1,384.141,398.121,412.10
Year 2 PV (M)1,707.861,742.541,777.56
Year 3 PV (M)1,977.862,038.412,100.18
Year 4 PV (M)2,200.212,290.462,383.47
Year 5 PV (M)2,380.352,503.022,630.71
PV of Terminal Value (M)68,711.9872,253.2175,938.96
Equity Value (M)78,362.3982,225.7686,242.98
Shares Outstanding (M)19.8919.8919.89
Fair Value$3,940.18$4,134.43$4,336.42
Upside / Downside82.42%91.41%100.76%

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