Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hyundai Green Food Co.,Ltd. (005440.KS)

Company Dividend Discount ModelIndustry: Food DistributionSector: Consumer Defensive

Valuation Snapshot

Stable Growth$68,664.80 - $154,154.79$99,441.94
Multi-Stage$48,936.27 - $53,472.24$51,163.12
Blended Fair Value$75,302.53
Current Price$8,030.00
Upside837.77%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS24.50%33.44%501.25121.97125.07133.80141.52167.5970.6440.4739.8333.59
YoY Growth--310.96%-2.48%-6.52%-5.45%-15.56%137.25%74.54%1.61%18.57%20.01%
Dividend Yield--9.77%2.78%2.89%1.49%1.34%2.55%0.50%0.29%0.25%0.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)533,853.33
(-) Cash Dividends Paid (M)78,211.24
(=) Cash Retained (M)455,642.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)106,770.6766,731.6740,039.00
Cash Retained (M)455,642.08455,642.08455,642.08
(-) Cash Required (M)-106,770.67-66,731.67-40,039.00
(=) Excess Retained (M)348,871.42388,910.42415,603.08
(/) Shares Outstanding (M)155.91155.91155.91
(=) Excess Retained per Share2,237.582,494.382,665.58
LTM Dividend per Share501.63501.63501.63
(+) Excess Retained per Share2,237.582,494.382,665.58
(=) Adjusted Dividend2,739.212,996.013,167.21
WACC / Discount Rate9.71%9.71%9.71%
Growth Rate5.50%6.50%7.50%
Fair Value$68,664.80$99,441.94$154,154.79
Upside / Downside755.10%1,138.38%1,819.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)533,853.33568,553.79605,509.79644,867.92686,784.34731,425.32753,368.08
Payout Ratio14.65%29.72%44.79%59.86%74.93%90.00%92.50%
Projected Dividends (M)78,211.24168,975.66271,209.01386,018.78514,607.95658,282.79696,865.48

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.71%9.71%9.71%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)152,575.96154,022.17155,468.39
Year 2 PV (M)221,119.99225,331.71229,583.15
Year 3 PV (M)284,180.50292,338.30300,650.74
Year 4 PV (M)342,077.32355,232.65368,763.81
Year 5 PV (M)395,113.83414,197.98434,012.52
PV of Terminal Value (M)6,234,806.586,535,950.076,848,619.03
Equity Value (M)7,629,874.187,977,072.878,337,097.65
Shares Outstanding (M)155.91155.91155.91
Fair Value$48,936.27$51,163.12$53,472.24
Upside / Downside509.42%537.15%565.91%

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