Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

POSCO STEELEON Co., Ltd. (058430.KS)

Company Dividend Discount ModelIndustry: Manufacturing - Metal FabricationSector: Industrials

Valuation Snapshot

Stable Growth$276,361.77 - $910,307.64$852,955.59
Multi-Stage$213,403.56 - $234,200.74$223,606.41
Blended Fair Value$538,281.00
Current Price$37,050.00
Upside1,352.85%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS26.39%0.00%1,609.76873.53998.32499.16399.33499.16748.74998.32748.740.00
YoY Growth--84.28%-12.50%100.00%25.00%-20.00%-33.33%-25.00%33.33%0.00%0.00%
Dividend Yield--4.29%1.81%2.42%0.95%1.38%5.20%3.78%3.74%2.63%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)27,976.99
(-) Cash Dividends Paid (M)12,939.67
(=) Cash Retained (M)15,037.32
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,595.403,497.122,098.27
Cash Retained (M)15,037.3215,037.3215,037.32
(-) Cash Required (M)-5,595.40-3,497.12-2,098.27
(=) Excess Retained (M)9,441.9211,540.1912,939.04
(/) Shares Outstanding (M)6.016.016.01
(=) Excess Retained per Share1,571.011,920.132,152.88
LTM Dividend per Share2,152.992,152.992,152.99
(+) Excess Retained per Share1,571.011,920.132,152.88
(=) Adjusted Dividend3,723.994,073.124,305.87
WACC / Discount Rate5.10%5.10%5.10%
Growth Rate3.71%4.71%5.71%
Fair Value$276,361.77$852,955.59$910,307.64
Upside / Downside645.92%2,202.17%2,356.97%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)27,976.9929,293.4530,671.8632,115.1433,626.3235,208.6136,264.87
Payout Ratio46.25%55.00%63.75%72.50%81.25%90.00%92.50%
Projected Dividends (M)12,939.6716,111.6619,553.5223,283.6227,321.4631,687.7533,545.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.10%5.10%5.10%
Growth Rate3.71%4.71%5.71%
Year 1 PV (M)15,183.0115,329.4115,475.82
Year 2 PV (M)17,364.4017,700.8918,040.61
Year 3 PV (M)19,485.0920,054.2120,634.31
Year 4 PV (M)21,546.3322,389.4923,257.15
Year 5 PV (M)23,549.3124,706.8125,909.39
PV of Terminal Value (M)1,185,450.111,243,717.671,304,254.21
Equity Value (M)1,282,578.241,343,898.471,407,571.48
Shares Outstanding (M)6.016.016.01
Fair Value$213,403.56$223,606.41$234,200.74
Upside / Downside475.99%503.53%532.12%

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