Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

KEPCO Plant Service & Engineering Co.,Ltd. (051600.KS)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$475,159.54 - $560,210.44$524,817.27
Multi-Stage$313,851.86 - $345,413.99$329,328.14
Blended Fair Value$427,072.71
Current Price$60,100.00
Upside610.60%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.81%3.57%2,158.001,305.001,199.001,146.001,920.001,790.001,470.00680.001,690.001,670.00
YoY Growth--65.36%8.84%4.62%-40.31%7.26%21.77%116.18%-59.76%1.20%9.87%
Dividend Yield--5.16%3.60%3.17%2.74%6.10%6.16%4.21%1.49%2.71%2.61%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)131,439.21
(-) Cash Dividends Paid (M)111,105.00
(=) Cash Retained (M)20,334.21
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)26,287.8416,429.909,857.94
Cash Retained (M)20,334.2120,334.2120,334.21
(-) Cash Required (M)-26,287.84-16,429.90-9,857.94
(=) Excess Retained (M)-5,953.633,904.3110,476.27
(/) Shares Outstanding (M)45.0045.0045.00
(=) Excess Retained per Share-132.3086.76232.81
LTM Dividend per Share2,469.002,469.002,469.00
(+) Excess Retained per Share-132.3086.76232.81
(=) Adjusted Dividend2,336.702,555.762,701.81
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate1.67%2.67%3.67%
Fair Value$475,159.54$524,817.27$560,210.44
Upside / Downside690.61%773.24%832.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)131,439.21134,953.01138,560.75142,264.94146,068.15149,973.03154,472.22
Payout Ratio84.53%85.62%86.72%87.81%88.91%90.00%92.50%
Projected Dividends (M)111,105.00115,551.70120,156.76124,925.44129,863.22134,975.73142,886.81

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.13%0.13%0.13%
Growth Rate1.67%2.67%3.67%
Year 1 PV (M)114,278.69115,402.67116,526.65
Year 2 PV (M)117,523.84119,847.01122,192.90
Year 3 PV (M)120,841.91124,442.69128,114.29
Year 4 PV (M)124,234.37129,194.54134,301.78
Year 5 PV (M)127,702.72134,107.53140,766.78
PV of Terminal Value (M)13,518,752.2914,196,772.0714,901,727.35
Equity Value (M)14,123,333.8314,819,766.5115,543,629.75
Shares Outstanding (M)45.0045.0045.00
Fair Value$313,851.86$329,328.14$345,413.99
Upside / Downside422.22%447.97%474.73%

High-Yield Dividend Screener

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