DDM Analysis: 008930.KS

Valuation Snapshot

Stable Growth	$32,759.13 - $126,255.18	$55,403.25
Multi-Stage	$20,421.59 - $22,333.12	$21,359.92
Blended Fair Value	$38,381.58
Current Price	$38,900.00
Upside	-1.33%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	10.32%	0.00%	302.41	198.38	196.27	192.46	188.72	185.04	181.44	0.00	410.97	0.00
YoY Growth	-	-	52.44%	1.08%	1.98%	1.98%	1.99%	1.98%	0.00%	-100.00%	0.00%	0.00%
Dividend Yield	-	-	1.15%	0.53%	0.50%	0.44%	0.34%	0.73%	0.25%	0.00%	0.79%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	75,141.59
(-) Cash Dividends Paid (M)	13,542.74
(=) Cash Retained (M)	61,598.85

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	15,028.32	9,392.70	5,635.62
Cash Retained (M)	61,598.85	61,598.85	61,598.85
(-) Cash Required (M)	-15,028.32	-9,392.70	-5,635.62
(=) Excess Retained (M)	46,570.53	52,206.15	55,963.23
(/) Shares Outstanding (M)	67.21	67.21	67.21
(=) Excess Retained per Share	692.95	776.80	832.71
LTM Dividend per Share	201.51	201.51	201.51
(+) Excess Retained per Share	692.95	776.80	832.71
(=) Adjusted Dividend	894.46	978.32	1,034.22
WACC / Discount Rate	8.38%	8.38%	8.38%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$32,759.13	$55,403.25	$126,255.18
Upside / Downside	-15.79%	42.42%	224.56%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	75,141.59	80,025.79	85,227.47	90,767.26	96,667.13	102,950.49	106,039.01
Payout Ratio	18.02%	32.42%	46.81%	61.21%	75.60%	90.00%	92.50%
Projected Dividends (M)	13,542.74	25,943.06	39,898.20	55,557.90	73,084.79	92,655.44	98,086.08

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.38%	8.38%	8.38%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	23,712.24	23,937.00	24,161.76
Year 2 PV (M)	33,331.59	33,966.46	34,607.32
Year 3 PV (M)	42,422.85	43,640.66	44,881.55
Year 4 PV (M)	51,007.31	52,968.91	54,986.55
Year 5 PV (M)	59,105.48	61,960.29	64,924.37
PV of Terminal Value (M)	1,162,879.18	1,219,046.68	1,277,363.84
Equity Value (M)	1,372,458.64	1,435,520.00	1,500,925.39
Shares Outstanding (M)	67.21	67.21	67.21
Fair Value	$20,421.59	$21,359.92	$22,333.12
Upside / Downside	-47.50%	-45.09%	-42.59%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 15 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
0R28.L	Newmont Corporation	2.49%	$1.01	15.53%
ETR	Entergy Corporation	2.49%	$2.34	57.35%
NKE	NIKE, Inc.	2.49%	$1.58	80.59%
OTTR	Otter Tail Corporation	2.49%	$2.03	30.69%
FHN	First Horizon Corporation	2.48%	$0.60	34.42%
PWP	Perella Weinberg Partners	2.48%	$0.44	69.65%
SCS	Steelcase Inc.	2.48%	$0.40	50.05%
PBI	Pitney Bowes Inc.	2.46%	$0.25	61.37%
RBCAA	Republic Bancorp, Inc.	2.45%	$1.67	25.85%
SRCE	1st Source Corporation	2.45%	$1.53	25.20%
TRMK	Trustmark Corporation	2.45%	$0.96	26.11%
VOYA	Voya Financial, Inc.	2.45%	$1.86	29.46%
AWK	American Water Works Company, Inc.	2.44%	$3.18	55.85%
LSTR	Landstar System, Inc.	2.44%	$3.58	90.21%
NGL	NGL Energy Partners LP	2.44%	$0.24	24.52%
TCFC	The Community Financial Corporation	2.44%	$0.66	12.72%
CADE	Cadence Bank	2.43%	$1.05	37.49%
JNJ	Johnson & Johnson	2.43%	$5.04	48.70%
MBCN	Middlefield Banc Corp.	2.43%	$0.83	42.36%
0L7G.L	Snap-on Incorporated	2.42%	$8.43	44.15%
ITW	Illinois Tool Works Inc.	2.42%	$6.04	58.20%
MOFG	MidWestOne Financial Group, Inc.	2.40%	$0.92	32.44%
FFIN	First Financial Bankshares, Inc.	2.39%	$0.72	42.45%
ADP	Automatic Data Processing, Inc.	2.38%	$6.03	59.30%
CAL	Caleres, Inc.	2.38%	$0.29	46.21%
ABM	ABM Industries Incorporated	2.37%	$1.01	54.79%
FUNC	First United Corporation	2.36%	$0.88	22.87%
HON	Honeywell International Inc.	2.36%	$4.63	48.21%
RILYK	B. Riley Financial, Inc. 5.50% Senior Notes Due 2026	2.36%	$0.58	56.91%
CDW	CDW Corporation	2.35%	$3.14	39.31%
CHMG	Chemung Financial Corporation	2.35%	$1.28	46.47%
LZB	La-Z-Boy Incorporated	2.35%	$0.88	40.20%
PKG	Packaging Corporation of America	2.35%	$4.97	50.31%
UNP	Union Pacific Corporation	2.35%	$5.44	45.77%
0K91.L	Northern Trust Corporation	2.34%	$3.20	35.68%
MCD	McDonald's Corporation	2.33%	$7.07	60.14%
MGEE	MGE Energy, Inc.	2.32%	$1.82	49.49%
MZTI	The Marzetti Company	2.32%	$3.82	61.80%
UNM	Unum Group	2.32%	$1.79	33.52%
RILYM	B. Riley Financial, Inc. - 6.37	2.31%	$0.58	56.91%
RILYO	B. Riley Financial, Inc. - 6.75	2.31%	$0.58	56.91%
HONIV	Honeywell International Inc. Common Stock Ex Distribution When Issued	2.30%	$4.63	48.21%
PGR	The Progressive Corporation	2.30%	$4.88	26.80%
WNEB	Western New England Bancorp, Inc.	2.30%	$0.28	43.00%
0R23.L	Halliburton Company	2.29%	$0.68	44.61%
ADS	Bread Financial Holdings, Inc.	2.29%	$1.30	21.08%
HLNE	Hamilton Lane Incorporated	2.29%	$3.13	74.09%
BSVN	Bank7 Corp.	2.28%	$0.94	20.81%
MCBC	Macatawa Bank Corporation	2.28%	$0.34	28.37%
BRKL	Brookline Bancorp, Inc.	2.27%	$0.54	61.06%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Hanmi Science Co., Ltd. (008930.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener