Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dong Suh Companies Inc. (026960.KS)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$10,631.69 - $15,455.91$12,968.88
Multi-Stage$19,558.19 - $21,455.52$20,488.53
Blended Fair Value$16,728.71
Current Price$28,400.00
Upside-41.10%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.55%3.42%795.67745.77715.67700.05723.27860.10702.18691.23691.23620.80
YoY Growth--6.69%4.21%2.23%-3.21%-15.91%22.49%1.58%0.00%11.35%9.18%
Dividend Yield--2.99%4.31%3.65%2.55%2.26%5.46%3.43%2.57%2.33%1.93%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)142,463.10
(-) Cash Dividends Paid (M)89,359.35
(=) Cash Retained (M)53,103.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)28,492.6217,807.8910,684.73
Cash Retained (M)53,103.7553,103.7553,103.75
(-) Cash Required (M)-28,492.62-17,807.89-10,684.73
(=) Excess Retained (M)24,611.1335,295.8642,419.02
(/) Shares Outstanding (M)98.6798.6798.67
(=) Excess Retained per Share249.44357.73429.93
LTM Dividend per Share905.68905.68905.68
(+) Excess Retained per Share249.44357.73429.93
(=) Adjusted Dividend1,155.121,263.421,335.61
WACC / Discount Rate8.34%8.34%8.34%
Growth Rate-2.28%-1.28%-0.28%
Fair Value$10,631.69$12,968.88$15,455.91
Upside / Downside-62.56%-54.33%-45.58%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)142,463.10140,642.57138,845.30137,071.01135,319.38133,590.14137,597.85
Payout Ratio62.72%68.18%73.63%79.09%84.54%90.00%92.50%
Projected Dividends (M)89,359.3595,889.60102,238.37108,409.22114,405.65120,231.13127,278.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.34%8.34%8.34%
Growth Rate-2.28%-1.28%-0.28%
Year 1 PV (M)87,611.8988,508.4389,404.97
Year 2 PV (M)85,348.7187,104.4188,877.99
Year 3 PV (M)82,687.6785,252.1987,869.19
Year 4 PV (M)79,728.5083,042.4186,458.58
Year 5 PV (M)76,555.1780,553.1584,716.43
PV of Terminal Value (M)1,517,781.611,597,045.371,679,586.62
Equity Value (M)1,929,713.562,021,505.972,116,913.78
Shares Outstanding (M)98.6798.6798.67
Fair Value$19,558.19$20,488.53$21,455.52
Upside / Downside-31.13%-27.86%-24.45%

High-Yield Dividend Screener

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