Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

DY Corporation (013570.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$185,713.31 - $218,842.22$205,068.42
Multi-Stage$149,785.03 - $164,556.67$157,031.48
Blended Fair Value$181,049.95
Current Price$4,260.00
Upside4,150.00%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS11.01%3.53%260.23188.90202.67160.63154.39154.39173.71177.55141.40183.61
YoY Growth--37.76%-6.79%26.17%4.04%0.00%-11.12%-2.17%25.56%-22.99%-0.16%
Dividend Yield--6.87%3.28%3.23%1.58%2.70%4.43%3.11%2.92%1.91%2.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)27,399.87
(-) Cash Dividends Paid (M)5,676.94
(=) Cash Retained (M)21,722.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,479.973,424.982,054.99
Cash Retained (M)21,722.9321,722.9321,722.93
(-) Cash Required (M)-5,479.97-3,424.98-2,054.99
(=) Excess Retained (M)16,242.9618,297.9519,667.94
(/) Shares Outstanding (M)24.6624.6624.66
(=) Excess Retained per Share658.70742.03797.59
LTM Dividend per Share230.21230.21230.21
(+) Excess Retained per Share658.70742.03797.59
(=) Adjusted Dividend888.91972.251,027.80
WACC / Discount Rate-1.97%-1.97%-1.97%
Growth Rate4.46%5.46%6.46%
Fair Value$185,713.31$205,068.42$218,842.22
Upside / Downside4,259.47%4,713.81%5,037.14%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)27,399.8728,896.2330,474.3132,138.5733,893.7235,744.7236,817.06
Payout Ratio20.72%34.58%48.43%62.29%76.14%90.00%92.50%
Projected Dividends (M)5,676.949,990.8914,759.1120,018.3225,807.9632,170.2534,055.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-1.97%-1.97%-1.97%
Growth Rate4.46%5.46%6.46%
Year 1 PV (M)10,095.1410,191.7810,288.42
Year 2 PV (M)15,068.7015,358.5815,651.23
Year 3 PV (M)20,651.4821,250.2721,860.51
Year 4 PV (M)26,902.0327,947.0429,022.21
Year 5 PV (M)33,883.9235,537.1237,254.22
PV of Terminal Value (M)3,586,989.883,761,998.713,943,772.79
Equity Value (M)3,693,591.153,872,283.504,057,849.36
Shares Outstanding (M)24.6624.6624.66
Fair Value$149,785.03$157,031.48$164,556.67
Upside / Downside3,416.08%3,586.18%3,762.83%

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