Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hankook & Company Co., Ltd. (000240.KS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$133,802.10 - $649,236.75$287,207.00
Multi-Stage$72,246.20 - $79,006.48$75,564.60
Blended Fair Value$181,385.80
Current Price$23,000.00
Upside688.63%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS25.66%12.10%910.04650.01601.40484.11338.85290.44290.44293.47337.01290.44
YoY Growth--40.01%8.08%24.23%42.87%16.67%0.00%-1.03%-12.92%16.04%0.04%
Dividend Yield--6.01%4.15%5.03%3.30%1.83%3.40%1.83%1.57%1.73%1.27%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)309,193.39
(-) Cash Dividends Paid (M)103,237.31
(=) Cash Retained (M)205,956.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)61,838.6838,649.1723,189.50
Cash Retained (M)205,956.08205,956.08205,956.08
(-) Cash Required (M)-61,838.68-38,649.17-23,189.50
(=) Excess Retained (M)144,117.40167,306.91182,766.58
(/) Shares Outstanding (M)94.7194.7194.71
(=) Excess Retained per Share1,521.631,766.471,929.70
LTM Dividend per Share1,090.011,090.011,090.01
(+) Excess Retained per Share1,521.631,766.471,929.70
(=) Adjusted Dividend2,611.642,856.483,019.71
WACC / Discount Rate7.56%7.56%7.56%
Growth Rate5.50%6.50%7.50%
Fair Value$133,802.10$287,207.00$649,236.75
Upside / Downside481.75%1,148.73%2,722.77%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)309,193.39329,290.96350,694.88373,490.04397,766.90423,621.74436,330.40
Payout Ratio33.39%44.71%56.03%67.36%78.68%90.00%92.50%
Projected Dividends (M)103,237.31147,230.56196,506.76251,566.81312,954.43381,259.57403,605.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.56%7.56%7.56%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)135,597.97136,883.26138,168.55
Year 2 PV (M)166,681.70169,856.52173,061.29
Year 3 PV (M)196,525.54202,167.08207,915.56
Year 4 PV (M)225,165.56233,824.79242,731.41
Year 5 PV (M)252,636.92264,839.38277,508.86
PV of Terminal Value (M)5,866,010.946,149,341.476,443,515.71
Equity Value (M)6,842,618.637,156,912.497,482,901.38
Shares Outstanding (M)94.7194.7194.71
Fair Value$72,246.20$75,564.60$79,006.48
Upside / Downside214.11%228.54%243.51%

High-Yield Dividend Screener

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