DDM Analysis: 017960.KS

Valuation Snapshot

Stable Growth	$225,828.03 - $266,063.68	$249,340.63
Multi-Stage	$456,714.90 - $501,465.77	$478,671.46
Blended Fair Value	$364,006.05
Current Price	$32,700.00
Upside	1,013.17%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.71%	4.33%	109.34	112.96	130.33	156.40	99.42	82.85	82.85	107.70	100.05	99.36
YoY Growth	-	-	-3.20%	-13.33%	-16.67%	57.31%	20.00%	0.00%	-23.08%	7.65%	0.70%	38.83%
Dividend Yield	-	-	0.81%	1.05%	1.06%	1.33%	0.81%	1.49%	1.01%	1.72%	1.50%	1.40%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	66,242.00
(-) Cash Dividends Paid (M)	6,398.31
(=) Cash Retained (M)	59,843.69

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	13,248.40	8,280.25	4,968.15
Cash Retained (M)	59,843.69	59,843.69	59,843.69
(-) Cash Required (M)	-13,248.40	-8,280.25	-4,968.15
(=) Excess Retained (M)	46,595.29	51,563.44	54,875.54
(/) Shares Outstanding (M)	49.51	49.51	49.51
(=) Excess Retained per Share	941.05	1,041.39	1,108.28
LTM Dividend per Share	129.22	129.22	129.22
(+) Excess Retained per Share	941.05	1,041.39	1,108.28
(=) Adjusted Dividend	1,070.28	1,170.61	1,237.51
WACC / Discount Rate	-17.91%	-17.91%	-17.91%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$225,828.03	$249,340.63	$266,063.68
Upside / Downside	590.61%	662.51%	713.65%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	66,242.00	70,547.73	75,133.33	80,017.00	85,218.10	90,757.28	93,479.99
Payout Ratio	9.66%	25.73%	41.80%	57.86%	73.93%	90.00%	92.50%
Projected Dividends (M)	6,398.31	18,149.95	31,402.27	46,300.71	63,003.27	81,681.55	86,469.00

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-17.91%	-17.91%	-17.91%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	21,901.26	22,108.86	22,316.45
Year 2 PV (M)	45,724.46	46,595.38	47,474.52
Year 3 PV (M)	81,352.14	83,687.47	86,067.07
Year 4 PV (M)	133,579.01	138,716.08	143,999.92
Year 5 PV (M)	208,974.29	219,067.82	229,547.66
PV of Terminal Value (M)	22,122,250.16	23,190,763.11	24,300,170.57
Equity Value (M)	22,613,781.32	23,700,938.73	24,829,576.20
Shares Outstanding (M)	49.51	49.51	49.51
Fair Value	$456,714.90	$478,671.46	$501,465.77
Upside / Downside	1,296.68%	1,363.83%	1,433.53%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 13 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
CL	Colgate-Palmolive Company	2.88%	$2.24	62.40%
TCBK	TriCo Bancshares	2.87%	$1.35	37.83%
0U6R.L	Bunge Limited	2.86%	$3.05	31.37%
FBMS	The First Bancshares, Inc.	2.86%	$0.97	39.72%
RILYG	B. Riley Financial, Inc. 5.00% Senior Notes due 2026	2.86%	$0.58	56.91%
CNS	Cohen & Steers, Inc.	2.85%	$1.81	56.91%
MRBK	Meridian Corporation	2.85%	$0.49	27.85%
AMGN	Amgen Inc.	2.84%	$9.31	72.03%
BKH	Black Hills Corporation	2.84%	$1.98	50.60%
GABC	German American Bancorp, Inc.	2.84%	$1.11	40.35%
HOMB	Home Bancshares, Inc.	2.84%	$0.79	34.17%
KO	The Coca-Cola Company	2.84%	$1.96	65.04%
SBFG	SB Financial Group, Inc.	2.84%	$0.61	28.02%
TSBK	Timberland Bancorp, Inc.	2.84%	$1.00	27.24%
CATY	Cathay General Bancorp	2.83%	$1.38	31.20%
CWT	California Water Service Group	2.83%	$1.22	53.25%
EBIX	Ebix, Inc.	2.83%	$0.08	46.85%
CMS-PB	Consumers Energy Company	2.82%	$2.17	62.27%
EPRT	Essential Properties Realty Trust, Inc.	2.82%	$0.85	70.58%
GPK	Graphic Packaging Holding Company	2.82%	$0.43	24.85%
VALSX	Value Line Select Growth Fund	2.82%	$0.87	56.29%
CCNE	CNB Financial Corporation	2.81%	$0.72	35.05%
ORRF	Orrstown Financial Services, Inc.	2.81%	$0.98	26.05%
TXNM	TXNM Energy, Inc.	2.80%	$1.65	86.75%
STC	Stewart Information Services Corporation	2.79%	$1.95	54.56%
CVLY	Codorus Valley Bancorp, Inc.	2.77%	$0.67	28.98%
KKRS	KKR Group Finance Co. IX LLC 4.	2.77%	$0.49	7.61%
SHBI	Shore Bancshares, Inc.	2.77%	$0.48	28.28%
HNNA	Hennessy Advisors, Inc.	2.76%	$0.27	21.11%
HONE	HarborOne Bancorp, Inc.	2.76%	$0.33	51.05%
KMT	Kennametal Inc.	2.76%	$0.80	65.12%
PNM	PNM Resources, Inc.	2.76%	$1.12	57.65%
HWC	Hancock Whitney Corporation	2.75%	$1.77	31.35%
YOU	Clear Secure, Inc.	2.75%	$0.95	50.89%
0HE2.L	Ameren Corporation	2.74%	$2.78	53.51%
MTDR	Matador Resources Company	2.74%	$1.19	18.96%
OFG	OFG Bancorp	2.74%	$1.12	25.13%
VLO	Valero Energy Corporation	2.74%	$4.53	93.65%
YORW	The York Water Company	2.73%	$0.87	62.37%
CCZ	Comcast Holdings Corp.	2.72%	$1.63	26.92%
K	Kellanova	2.72%	$2.27	62.18%
ADT	ADT Inc.	2.71%	$0.22	29.95%
AVT	Avnet, Inc.	2.71%	$1.34	48.46%
BKU	BankUnited, Inc.	2.71%	$1.21	34.19%
CNOB	ConnectOne Bancorp, Inc.	2.71%	$0.71	48.64%
GBX	The Greenbrier Companies, Inc.	2.71%	$1.28	19.40%
PBHC	Pathfinder Bancorp, Inc.	2.71%	$0.38	26.39%
TRIN	Trinity Capital Inc.	2.71%	$0.41	20.50%
RILYN	B. Riley Financial, Inc. - 6.50	2.70%	$0.58	56.91%
0L5A.L	Sempra	2.69%	$2.41	72.79%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Hankuk Carbon Co., Ltd. (017960.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener