Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Korean Reinsurance Company (003690.KS)

Company Dividend Discount ModelIndustry: Insurance - ReinsuranceSector: Financial Services

Valuation Snapshot

Stable Growth$51,861.77 - $152,007.42$81,687.34
Multi-Stage$35,112.30 - $38,340.31$36,697.10
Blended Fair Value$59,192.22
Current Price$10,240.00
Upside478.05%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.50%14.97%449.94298.57303.78260.38377.72238.86194.98269.40285.31205.35
YoY Growth--50.70%-1.71%16.67%-31.06%58.13%22.51%-27.63%-5.58%38.94%84.16%
Dividend Yield--5.51%4.30%6.02%4.57%7.72%5.65%3.64%4.10%4.25%2.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)363,206.53
(-) Cash Dividends Paid (M)140,936.58
(=) Cash Retained (M)222,269.95
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)72,641.3145,400.8227,240.49
Cash Retained (M)222,269.95222,269.95222,269.95
(-) Cash Required (M)-72,641.31-45,400.82-27,240.49
(=) Excess Retained (M)149,628.65176,869.14195,029.46
(/) Shares Outstanding (M)176.74176.74176.74
(=) Excess Retained per Share846.591,000.711,103.46
LTM Dividend per Share797.41797.41797.41
(+) Excess Retained per Share846.591,000.711,103.46
(=) Adjusted Dividend1,643.991,798.121,900.87
WACC / Discount Rate8.84%8.84%8.84%
Growth Rate5.50%6.50%7.50%
Fair Value$51,861.77$81,687.34$152,007.42
Upside / Downside406.46%697.73%1,384.45%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)363,206.53386,814.96411,957.93438,735.20467,252.98497,624.43512,553.16
Payout Ratio38.80%49.04%59.28%69.52%79.76%90.00%92.50%
Projected Dividends (M)140,936.58189,704.66244,217.13305,014.72372,684.18447,861.99474,111.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.84%8.84%8.84%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)172,653.42174,289.94175,926.47
Year 2 PV (M)202,288.17206,141.19210,030.56
Year 3 PV (M)229,938.84236,539.55243,265.40
Year 4 PV (M)255,699.37265,532.85275,647.26
Year 5 PV (M)279,659.83293,167.50307,192.14
PV of Terminal Value (M)5,065,639.835,310,312.135,564,348.61
Equity Value (M)6,205,879.456,485,983.166,776,410.44
Shares Outstanding (M)176.74176.74176.74
Fair Value$35,112.30$36,697.10$38,340.31
Upside / Downside242.89%258.37%274.42%

High-Yield Dividend Screener

« Prev Page 104 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
AVIO.MIAvio S.p.A.0.80%$0.2489.27%
DSOL.SGWisdomTree Solana0.80%$0.1219.79%
FLOB.BRFloridienne S.A.0.80%$5.0025.39%
GIGANTE.MXGrupo Gigante, S. A. B. de C. V.0.80%$0.2512.46%
MTC-R.BKMuangthai Capital Public Company Limited0.80%$0.258.48%
002606.SZDalian Insulator Group Co., Ltd0.79%$0.0717.61%
014620.KQSung Kwang Bend Co.,Ltd.0.79%$200.0215.66%
017370.KSWooshin Systems Co., Ltd.0.79%$49.692.66%
300701.SZSenba Sensing Technology Co.,Ltd.0.79%$0.1045.41%
300847.SZHG Technologies Co., Ltd.0.79%$0.1435.02%
301591.SZNanjing Comptech Composites Corp0.79%$0.3237.44%
5306.KLFarm Fresh Berhad0.79%$0.0233.34%
600339.SSChina Petroleum Engineering Corporation0.79%$0.0328.23%
601086.SSGansu Guofang Industry & Trade (Group) Co., Ltd.0.79%$0.0863.39%
603161.SSKehua Holdings Co., Ltd.0.79%$0.1122.02%
603606.SSNingbo Orient Wires & Cables Co.,Ltd.0.79%$0.4732.61%
605033.SSShaanxi Meibang Pharmaceutical Group Co., Ltd.0.79%$0.1672.35%
6463.TTPR Co., Ltd.0.79%$10.256.48%
DANR.MIDanieli & C. Officine Meccaniche S.p.A.0.79%$0.298.39%
GILLETTE.BOGillette India Limited0.79%$65.0036.90%
PAASPan American Silver Corp.0.79%$0.4023.99%
PDSL.BOPDS Limited0.79%$2.9238.22%
SNI.OLStolt-Nielsen Limited0.79%$2.5235.09%
002334.SZShenzhen INVT Electric Co.,Ltd0.78%$0.0720.17%
004140.KSDongbang Transport Logistics Co., Ltd.0.78%$20.037.69%
011070.KSLG Innotek Co., Ltd.0.78%$2,091.9017.12%
2276.HKShanghai Conant Optical Co., Ltd.0.78%$0.4222.72%
229640.KSLS Eco Energy Ltd.0.78%$278.8820.95%
300545.SZShenzhen Liande Automation Equipment co.,ltd.0.78%$0.2430.89%
300922.SZQinhuangdao Tianqin Equipment Manufacturing Co.,Ltd.0.78%$0.1866.08%
301011.SZGuangZhou Wahlap Technology Corporation Limited0.78%$0.2037.38%
3659.TNEXON Co., Ltd.0.78%$29.7521.18%
600360.SSJilin Sino-Microelectronics Co., Ltd.0.78%$0.0634.13%
605167.SSJiangsu Libert Inc.0.78%$0.1326.15%
6736.TSun Corporation0.78%$70.057.32%
688097.SSBOZHON Precision Industry Technology Co.,Ltd0.78%$0.2927.43%
688257.SSShareate Tools Ltd.0.78%$0.2731.76%
9766.TKonami Group Corporation0.78%$165.3826.44%
BBAR.BABanco BBVA Argentina S.A.0.78%$73.3713.95%
CUV.AXClinuvel Pharmaceuticals Limited0.78%$0.106.93%
NSIS-B.CONovozymes A/S0.78%$3.0889.95%
R3NK.BERENK Group AG0.78%$0.4241.42%
VIRP.PAVirbac S.A.0.78%$2.778.47%
002078.SZShandong Sunpaper Co., Ltd.0.77%$0.1210.77%
002225.SZPuyang Refractories Group Co., Ltd.0.77%$0.0446.81%
030610.KSKyobo Securities Co ., Ltd0.77%$72.256.71%
036200.KQUNISEM Co., Ltd.0.77%$80.0020.75%
300863.SZNingbo KBE Electrical Technology Co.,Ltd.0.77%$0.3942.01%
301498.SZGambol Pet Group Co., Ltd.0.77%$0.5030.03%
600577.SSTongling Jingda Special Magnet Wire Co., Ltd.0.77%$0.1034.21%