Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Daewon Kang Up Co., Ltd. (000430.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$1,425.48 - $2,146.58$1,766.24
Multi-Stage$3,575.17 - $3,930.79$3,749.49
Blended Fair Value$2,757.86
Current Price$3,735.00
Upside-26.16%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-0.83%-0.82%142.09137.31205.20130.24147.73148.14148.93163.47165.74154.24
YoY Growth--3.48%-33.08%57.56%-11.84%-0.27%-0.53%-8.89%-1.37%7.45%-0.01%
Dividend Yield--4.03%2.65%5.93%4.06%3.30%5.31%3.15%3.53%3.50%3.37%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)10,480.92
(-) Cash Dividends Paid (M)9,322.86
(=) Cash Retained (M)1,158.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,096.181,310.12786.07
Cash Retained (M)1,158.061,158.061,158.06
(-) Cash Required (M)-2,096.18-1,310.12-786.07
(=) Excess Retained (M)-938.12-152.05371.99
(/) Shares Outstanding (M)61.8461.8461.84
(=) Excess Retained per Share-15.17-2.466.02
LTM Dividend per Share150.75150.75150.75
(+) Excess Retained per Share-15.17-2.466.02
(=) Adjusted Dividend135.58148.30156.77
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate-2.82%-1.82%-0.82%
Fair Value$1,425.48$1,766.24$2,146.58
Upside / Downside-61.83%-52.71%-42.53%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)10,480.9210,290.4010,103.349,919.689,739.369,562.319,849.18
Payout Ratio88.95%89.16%89.37%89.58%89.79%90.00%92.50%
Projected Dividends (M)9,322.869,174.989,029.408,886.088,744.988,606.089,110.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate-2.82%-1.82%-0.82%
Year 1 PV (M)8,533.228,621.028,708.83
Year 2 PV (M)7,810.417,971.988,135.20
Year 3 PV (M)7,148.797,371.757,599.30
Year 4 PV (M)6,543.186,816.687,098.67
Year 5 PV (M)5,988.846,303.386,630.99
PV of Terminal Value (M)185,068.38194,788.08204,911.95
Equity Value (M)221,092.82231,872.89243,084.93
Shares Outstanding (M)61.8461.8461.84
Fair Value$3,575.17$3,749.49$3,930.79
Upside / Downside-4.28%0.39%5.24%

High-Yield Dividend Screener

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