Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

HWASEUNG Industries Co.,Ltd. (006060.KS)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$33,860.77 - $88,336.82$82,770.15
Multi-Stage$26,315.25 - $28,897.78$27,582.10
Blended Fair Value$55,176.13
Current Price$3,925.00
Upside1,305.76%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS29.72%0.00%205.69209.08220.39251.1865.1256.0040.6635.3627.990.00
YoY Growth---1.62%-5.13%-12.26%285.75%16.28%37.73%14.97%26.35%0.00%0.00%
Dividend Yield--4.33%5.98%5.78%4.53%0.84%0.82%0.44%0.42%0.26%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)22,214.51
(-) Cash Dividends Paid (M)10,759.45
(=) Cash Retained (M)11,455.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,442.902,776.811,666.09
Cash Retained (M)11,455.0611,455.0611,455.06
(-) Cash Required (M)-4,442.90-2,776.81-1,666.09
(=) Excess Retained (M)7,012.168,678.259,788.98
(/) Shares Outstanding (M)49.1049.1049.10
(=) Excess Retained per Share142.80176.73199.35
LTM Dividend per Share219.12219.12219.12
(+) Excess Retained per Share142.80176.73199.35
(=) Adjusted Dividend361.92395.85418.47
WACC / Discount Rate4.65%4.65%4.65%
Growth Rate3.55%4.55%5.55%
Fair Value$33,860.77$82,770.15$88,336.82
Upside / Downside762.69%2,008.79%2,150.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)22,214.5123,224.6524,280.7125,384.8026,539.0927,745.8728,578.25
Payout Ratio48.43%56.75%65.06%73.37%81.69%90.00%92.50%
Projected Dividends (M)10,759.4513,179.4015,797.1818,625.7721,678.9524,971.2826,434.88

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.65%4.65%4.65%
Growth Rate3.55%4.55%5.55%
Year 1 PV (M)12,472.8612,593.3112,713.77
Year 2 PV (M)14,148.8214,423.4214,700.66
Year 3 PV (M)15,787.9416,249.7816,720.55
Year 4 PV (M)17,390.8118,072.4018,773.84
Year 5 PV (M)18,958.0119,891.2920,860.97
PV of Terminal Value (M)1,213,415.521,273,150.611,335,215.42
Equity Value (M)1,292,173.951,354,380.821,418,985.22
Shares Outstanding (M)49.1049.1049.10
Fair Value$26,315.25$27,582.10$28,897.78
Upside / Downside570.45%602.73%636.25%

High-Yield Dividend Screener

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