Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Worldex Industry & Trading Co., Ltd. (101160.KQ)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$110,093.26 - $360,556.30$337,894.05
Multi-Stage$46,375.82 - $50,807.15$48,550.62
Blended Fair Value$193,222.34
Current Price$23,100.00
Upside736.46%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.71%10.96%60.0050.0060.0070.0050.0050.0040.000.000.000.00
YoY Growth--20.00%-16.67%-14.29%40.00%0.00%25.00%0.00%0.00%0.00%-100.00%
Dividend Yield--0.34%0.20%0.27%0.28%0.20%0.84%0.73%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)29,933.20
(-) Cash Dividends Paid (M)990.66
(=) Cash Retained (M)28,942.54
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,986.643,741.652,244.99
Cash Retained (M)28,942.5428,942.5428,942.54
(-) Cash Required (M)-5,986.64-3,741.65-2,244.99
(=) Excess Retained (M)22,955.9025,200.8926,697.55
(/) Shares Outstanding (M)16.5116.5116.51
(=) Excess Retained per Share1,390.381,526.361,617.00
LTM Dividend per Share60.0060.0060.00
(+) Excess Retained per Share1,390.381,526.361,617.00
(=) Adjusted Dividend1,450.381,586.361,677.01
WACC / Discount Rate6.89%6.89%6.89%
Growth Rate5.50%6.50%7.50%
Fair Value$110,093.26$337,894.05$360,556.30
Upside / Downside376.59%1,362.74%1,460.85%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)29,933.2031,878.8633,950.9836,157.8038,508.0541,011.0842,241.41
Payout Ratio3.31%20.65%37.99%55.32%72.66%90.00%92.50%
Projected Dividends (M)990.666,582.2412,896.5320,003.8827,980.6936,909.9739,073.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.89%6.89%6.89%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)6,100.146,157.966,215.78
Year 2 PV (M)11,076.5811,287.5511,500.52
Year 3 PV (M)15,922.5716,379.6516,845.39
Year 4 PV (M)20,640.6621,434.4422,250.90
Year 5 PV (M)25,233.3626,452.1527,717.57
PV of Terminal Value (M)686,714.74719,883.32754,321.34
Equity Value (M)765,688.05801,595.07838,851.50
Shares Outstanding (M)16.5116.5116.51
Fair Value$46,375.82$48,550.62$50,807.15
Upside / Downside100.76%110.18%119.94%

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