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KG Chemical Corporation (001390.KS)

Company Dividend Discount ModelIndustry: Agricultural InputsSector: Basic Materials

Valuation Snapshot

Stable Growth$108,153.38 - $180,487.44$169,143.16
Multi-Stage$30,205.47 - $33,009.24$31,581.79
Blended Fair Value$100,362.48
Current Price$4,605.00
Upside2,079.42%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS18.52%6.26%480.71419.84363.89328.4565.58205.5362.2356.3852.52139.69
YoY Growth--14.50%15.38%10.79%400.86%-68.09%230.25%10.39%7.34%-62.40%-46.69%
Dividend Yield--13.35%7.15%4.51%5.26%1.21%9.47%2.07%1.08%1.92%4.64%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)62,060.00
(-) Cash Dividends Paid (M)60,628.68
(=) Cash Retained (M)1,431.32
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12,412.007,757.504,654.50
Cash Retained (M)1,431.321,431.321,431.32
(-) Cash Required (M)-12,412.00-7,757.50-4,654.50
(=) Excess Retained (M)-10,980.68-6,326.18-3,223.18
(/) Shares Outstanding (M)68.3868.3868.38
(=) Excess Retained per Share-160.58-92.51-47.13
LTM Dividend per Share886.61886.61886.61
(+) Excess Retained per Share-160.58-92.51-47.13
(=) Adjusted Dividend726.03794.10839.48
WACC / Discount Rate6.21%6.21%6.21%
Growth Rate5.50%6.50%7.50%
Fair Value$108,153.38$169,143.16$180,487.44
Upside / Downside2,248.61%3,573.03%3,819.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)62,060.0066,093.9070,390.0074,965.3579,838.1085,027.5887,578.40
Payout Ratio97.69%96.15%94.62%93.08%91.54%90.00%92.50%
Projected Dividends (M)60,628.6863,552.5466,600.3469,775.8573,082.7876,524.8281,010.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.21%6.21%6.21%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)59,275.8259,837.6860,399.54
Year 2 PV (M)57,938.3259,041.8860,155.85
Year 3 PV (M)56,616.0158,241.2559,897.30
Year 4 PV (M)55,308.7657,435.7859,623.57
Year 5 PV (M)54,016.4356,625.4559,334.31
PV of Terminal Value (M)1,782,370.481,868,459.641,957,843.64
Equity Value (M)2,065,525.822,159,641.682,257,254.21
Shares Outstanding (M)68.3868.3868.38
Fair Value$30,205.47$31,581.79$33,009.24
Upside / Downside555.93%585.82%616.81%

High-Yield Dividend Screener

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