Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

LG H&H Co., Ltd. (051900.KS)

Company Dividend Discount ModelIndustry: Household & Personal ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$44,614.74 - $64,618.87$54,333.37
Multi-Stage$121,449.67 - $133,805.37$127,503.92
Blended Fair Value$90,918.65
Current Price$319,500.00
Upside-71.54%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-17.74%-0.67%3,260.175,299.3210,975.9310,155.9410,716.728,653.038,824.027,309.355,092.433,691.59
YoY Growth---38.48%-51.72%8.07%-5.23%23.85%-1.94%20.72%43.53%37.95%5.91%
Dividend Yield--1.04%1.31%1.83%1.18%0.68%0.77%0.62%0.61%0.63%0.39%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)115,569.14
(-) Cash Dividends Paid (M)81,751.59
(=) Cash Retained (M)33,817.56
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)23,113.8314,446.148,667.69
Cash Retained (M)33,817.5633,817.5633,817.56
(-) Cash Required (M)-23,113.83-14,446.14-8,667.69
(=) Excess Retained (M)10,703.7319,371.4225,149.87
(/) Shares Outstanding (M)18.3318.3318.33
(=) Excess Retained per Share584.021,056.941,372.23
LTM Dividend per Share4,460.544,460.544,460.54
(+) Excess Retained per Share584.021,056.941,372.23
(=) Adjusted Dividend5,044.555,517.485,832.76
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate-4.38%-3.38%-2.38%
Fair Value$44,614.74$54,333.37$64,618.87
Upside / Downside-86.04%-82.99%-79.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)115,569.14111,658.11107,879.42104,228.62100,701.3697,293.47100,212.28
Payout Ratio70.74%74.59%78.44%82.30%86.15%90.00%92.50%
Projected Dividends (M)81,751.5983,286.4584,623.8085,775.2586,751.8687,564.1392,696.36

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate-4.38%-3.38%-2.38%
Year 1 PV (M)77,446.8678,256.8479,066.82
Year 2 PV (M)73,173.1074,711.6776,266.25
Year 3 PV (M)68,968.4471,155.0873,387.44
Year 4 PV (M)64,862.9467,619.2970,462.57
Year 5 PV (M)60,879.8564,130.7067,518.97
PV of Terminal Value (M)1,880,567.981,980,986.352,085,649.33
Equity Value (M)2,225,899.182,336,859.932,452,351.37
Shares Outstanding (M)18.3318.3318.33
Fair Value$121,449.67$127,503.92$133,805.37
Upside / Downside-61.99%-60.09%-58.12%

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