Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Samhwa Crown & Closure Co., Ltd (004450.KS)

Company Dividend Discount ModelIndustry: Packaging & ContainersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$60,683.92 - $141,950.01$89,123.15
Multi-Stage$58,525.87 - $64,057.13$61,240.30
Blended Fair Value$75,181.72
Current Price$34,150.00
Upside120.15%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-2.69%-0.69%1,203.641,209.841,264.951,264.951,372.271,379.171,384.071,445.281,342.061,290.43
YoY Growth---0.51%-4.36%0.00%-7.82%-0.50%-0.35%-4.24%7.69%4.00%-0.01%
Dividend Yield--4.03%3.78%3.59%2.92%3.58%3.64%3.01%2.68%3.03%3.08%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,313.69
(-) Cash Dividends Paid (M)2,164.39
(=) Cash Retained (M)3,149.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,062.74664.21398.53
Cash Retained (M)3,149.303,149.303,149.30
(-) Cash Required (M)-1,062.74-664.21-398.53
(=) Excess Retained (M)2,086.562,485.092,750.77
(/) Shares Outstanding (M)1.801.801.80
(=) Excess Retained per Share1,158.131,379.331,526.80
LTM Dividend per Share1,201.331,201.331,201.33
(+) Excess Retained per Share1,158.131,379.331,526.80
(=) Adjusted Dividend2,359.462,580.662,728.13
WACC / Discount Rate7.70%7.70%7.70%
Growth Rate3.67%4.67%5.67%
Fair Value$60,683.92$89,123.15$141,950.01
Upside / Downside77.70%160.98%315.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,313.695,561.995,821.896,093.946,378.696,676.766,877.06
Payout Ratio40.73%50.59%60.44%70.29%80.15%90.00%92.50%
Projected Dividends (M)2,164.392,813.583,518.724,283.615,112.306,009.086,361.28

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.70%7.70%7.70%
Growth Rate3.67%4.67%5.67%
Year 1 PV (M)2,587.382,612.332,637.29
Year 2 PV (M)2,975.673,033.353,091.59
Year 3 PV (M)3,331.273,428.613,527.81
Year 4 PV (M)3,656.093,799.213,946.49
Year 5 PV (M)3,951.934,146.244,348.12
PV of Terminal Value (M)88,941.5893,314.6697,858.09
Equity Value (M)105,443.93110,334.41115,409.40
Shares Outstanding (M)1.801.801.80
Fair Value$58,525.87$61,240.30$64,057.13
Upside / Downside71.38%79.33%87.58%

High-Yield Dividend Screener

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