Definitive Analysis
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Definitive Analysis

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Ticker

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COOCON Corporation (294570.KQ)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$23,630.68 - $35,223.26$29,147.89
Multi-Stage$43,426.24 - $47,845.15$45,592.17
Blended Fair Value$37,370.03
Current Price$40,800.00
Upside-8.41%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS0.00%0.00%98.5399.8798.410.000.000.000.000.000.000.00
YoY Growth---1.35%1.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.58%0.49%0.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)29,586.76
(-) Cash Dividends Paid (M)1,529.02
(=) Cash Retained (M)28,057.74
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,917.353,698.352,219.01
Cash Retained (M)28,057.7428,057.7428,057.74
(-) Cash Required (M)-5,917.35-3,698.35-2,219.01
(=) Excess Retained (M)22,140.3924,359.3925,838.73
(/) Shares Outstanding (M)10.2310.2310.23
(=) Excess Retained per Share2,163.982,380.862,525.45
LTM Dividend per Share149.45149.45149.45
(+) Excess Retained per Share2,163.982,380.862,525.45
(=) Adjusted Dividend2,313.432,530.312,674.90
WACC / Discount Rate7.59%7.59%7.59%
Growth Rate-2.00%-1.00%0.00%
Fair Value$23,630.68$29,147.89$35,223.26
Upside / Downside-42.08%-28.56%-13.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)29,586.7629,290.9028,997.9928,708.0128,420.9328,136.7228,980.82
Payout Ratio5.17%22.13%39.10%56.07%73.03%90.00%92.50%
Projected Dividends (M)1,529.026,483.3511,338.4316,095.7720,756.8225,323.0526,807.26

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.59%7.59%7.59%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)5,964.886,025.756,086.61
Year 2 PV (M)9,597.499,794.369,993.22
Year 3 PV (M)12,534.8412,922.4813,318.04
Year 4 PV (M)14,872.0315,488.4016,123.74
Year 5 PV (M)16,692.7417,561.9718,467.04
PV of Terminal Value (M)384,646.02404,675.43425,530.67
Equity Value (M)444,307.99466,468.39489,519.32
Shares Outstanding (M)10.2310.2310.23
Fair Value$43,426.24$45,592.17$47,845.15
Upside / Downside6.44%11.75%17.27%

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