Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hyundai Green Food Co.,Ltd. (005440.KS)

Company Dividend Discount ModelIndustry: Food DistributionSector: Consumer Defensive

Valuation Snapshot

Stable Growth$88,274.09 - $267,302.92$140,330.37
Multi-Stage$57,710.36 - $63,104.51$60,358.28
Blended Fair Value$100,344.32
Current Price$8,030.00
Upside1,149.62%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS24.50%33.44%501.25121.97125.07133.80141.52167.5970.6440.4739.8333.59
YoY Growth--310.96%-2.48%-6.52%-5.45%-15.56%137.25%74.54%1.61%18.57%20.01%
Dividend Yield--9.77%2.78%2.89%1.49%1.34%2.55%0.50%0.29%0.25%0.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)533,853.33
(-) Cash Dividends Paid (M)78,211.24
(=) Cash Retained (M)455,642.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)106,770.6766,731.6740,039.00
Cash Retained (M)455,642.08455,642.08455,642.08
(-) Cash Required (M)-106,770.67-66,731.67-40,039.00
(=) Excess Retained (M)348,871.42388,910.42415,603.08
(/) Shares Outstanding (M)155.91155.91155.91
(=) Excess Retained per Share2,237.582,494.382,665.58
LTM Dividend per Share501.63501.63501.63
(+) Excess Retained per Share2,237.582,494.382,665.58
(=) Adjusted Dividend2,739.212,996.013,167.21
WACC / Discount Rate8.77%8.77%8.77%
Growth Rate5.50%6.50%7.50%
Fair Value$88,274.09$140,330.37$267,302.92
Upside / Downside999.30%1,647.58%3,228.80%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)533,853.33568,553.79605,509.79644,867.92686,784.34731,425.32753,368.08
Payout Ratio14.65%29.72%44.79%59.86%74.93%90.00%92.50%
Projected Dividends (M)78,211.24168,975.66271,209.01386,018.78514,607.95658,282.79696,865.48

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.77%8.77%8.77%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)153,887.35155,346.00156,804.65
Year 2 PV (M)224,937.40229,221.83233,546.67
Year 3 PV (M)291,571.29299,941.26308,469.89
Year 4 PV (M)353,990.49367,603.97381,606.37
Year 5 PV (M)412,388.35432,306.86452,987.70
PV of Terminal Value (M)7,561,106.557,926,310.828,305,492.32
Equity Value (M)8,997,881.449,410,730.749,838,907.60
Shares Outstanding (M)155.91155.91155.91
Fair Value$57,710.36$60,358.28$63,104.51
Upside / Downside618.68%651.66%685.86%

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