Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Maeil Dairies Co., Ltd. (267980.KQ)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$51,577.41 - $77,899.50$63,989.57
Multi-Stage$102,442.25 - $112,815.04$107,526.61
Blended Fair Value$85,758.09
Current Price$37,500.00
Upside128.69%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS9.44%0.00%1,170.011,172.241,204.80827.35851.05745.25464.720.000.000.00
YoY Growth---0.19%-2.70%45.62%-2.79%14.20%60.37%0.00%0.00%0.00%0.00%
Dividend Yield--3.23%2.88%2.52%1.22%1.18%1.08%0.54%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)44,282.05
(-) Cash Dividends Paid (M)9,020.87
(=) Cash Retained (M)35,261.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8,856.415,535.263,321.15
Cash Retained (M)35,261.1835,261.1835,261.18
(-) Cash Required (M)-8,856.41-5,535.26-3,321.15
(=) Excess Retained (M)26,404.7729,725.9331,940.03
(/) Shares Outstanding (M)7.367.367.36
(=) Excess Retained per Share3,585.414,036.384,337.03
LTM Dividend per Share1,224.911,224.911,224.91
(+) Excess Retained per Share3,585.414,036.384,337.03
(=) Adjusted Dividend4,810.325,261.295,561.94
WACC / Discount Rate7.14%7.14%7.14%
Growth Rate-2.00%-1.00%0.00%
Fair Value$51,577.41$63,989.57$77,899.50
Upside / Downside37.54%70.64%107.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)44,282.0543,839.2343,400.8342,966.8342,537.1642,111.7943,375.14
Payout Ratio20.37%34.30%48.22%62.15%76.07%90.00%92.50%
Projected Dividends (M)9,020.8715,035.5920,929.1126,703.2632,359.8337,900.6140,122.00

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.14%7.14%7.14%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)13,891.8514,033.6014,175.36
Year 2 PV (M)17,866.1218,232.5918,602.79
Year 3 PV (M)21,061.2121,712.5422,377.17
Year 4 PV (M)23,581.1524,558.4825,565.88
Year 5 PV (M)25,517.8826,846.6628,230.22
PV of Terminal Value (M)652,517.76686,495.88721,874.93
Equity Value (M)754,435.97791,879.75830,826.34
Shares Outstanding (M)7.367.367.36
Fair Value$102,442.25$107,526.61$112,815.04
Upside / Downside173.18%186.74%200.84%

High-Yield Dividend Screener

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