Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hyundai Department Store Co. Ltd. (069960.KS)

Company Dividend Discount ModelIndustry: Department StoresSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$294,732.64 - $1,627,560.00$567,631.14
Multi-Stage$168,168.15 - $183,948.20$175,913.95
Blended Fair Value$371,772.54
Current Price$88,500.00
Upside320.08%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.25%7.87%1,736.181,895.881,103.541,013.961,024.70931.90828.36730.08732.33866.94
YoY Growth---8.42%71.80%8.83%-1.05%9.96%12.50%13.46%-0.31%-15.53%6.49%
Dividend Yield--2.90%3.50%2.02%1.34%1.13%1.58%0.82%0.79%0.73%0.63%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)178,284.83
(-) Cash Dividends Paid (M)40,294.57
(=) Cash Retained (M)137,990.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)35,656.9722,285.6013,371.36
Cash Retained (M)137,990.26137,990.26137,990.26
(-) Cash Required (M)-35,656.97-22,285.60-13,371.36
(=) Excess Retained (M)102,333.30115,704.66124,618.90
(/) Shares Outstanding (M)21.7921.7921.79
(=) Excess Retained per Share4,697.425,311.215,720.40
LTM Dividend per Share1,849.651,849.651,849.65
(+) Excess Retained per Share4,697.425,311.215,720.40
(=) Adjusted Dividend6,547.077,160.857,570.05
WACC / Discount Rate7.84%7.84%7.84%
Growth Rate5.50%6.50%7.50%
Fair Value$294,732.64$567,631.14$1,627,560.00
Upside / Downside233.03%541.39%1,739.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)178,284.83189,873.34202,215.11215,359.09229,357.43244,265.66251,593.63
Payout Ratio22.60%36.08%49.56%63.04%76.52%90.00%92.50%
Projected Dividends (M)40,294.5768,508.17100,219.30135,763.43175,504.87219,839.09232,724.11

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.84%7.84%7.84%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)62,929.0463,525.5264,122.01
Year 2 PV (M)84,560.7686,171.4087,797.24
Year 3 PV (M)105,222.60108,243.16111,320.99
Year 4 PV (M)124,946.52129,751.61134,693.98
Year 5 PV (M)143,763.51150,707.34157,916.93
PV of Terminal Value (M)3,142,120.683,293,886.283,451,460.31
Equity Value (M)3,663,543.103,832,285.324,007,311.45
Shares Outstanding (M)21.7921.7921.79
Fair Value$168,168.15$175,913.95$183,948.20
Upside / Downside90.02%98.77%107.85%

High-Yield Dividend Screener

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