DDM Analysis: 012320.KS

Valuation Snapshot

Stable Growth	$126,825.99 - $212,443.79	$164,434.73
Multi-Stage	$246,320.70 - $271,281.51	$258,557.34
Blended Fair Value	$211,496.04
Current Price	$57,500.00
Upside	267.82%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	7.69%	-9.28%	755.91	755.91	755.91	505.63	518.44	521.86	521.86	2,013.93	2,180.82	2,191.23
YoY Growth	-	-	0.00%	0.00%	49.50%	-2.47%	-0.66%	0.00%	-74.09%	-7.65%	-0.48%	9.40%
Dividend Yield	-	-	1.26%	0.89%	0.71%	1.41%	1.28%	2.21%	1.31%	4.74%	2.46%	2.79%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	23,441.16
(-) Cash Dividends Paid (M)	1,657.34
(=) Cash Retained (M)	21,783.82

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	4,688.23	2,930.15	1,758.09
Cash Retained (M)	21,783.82	21,783.82	21,783.82
(-) Cash Required (M)	-4,688.23	-2,930.15	-1,758.09
(=) Excess Retained (M)	17,095.59	18,853.68	20,025.74
(/) Shares Outstanding (M)	2.18	2.18	2.18
(=) Excess Retained per Share	7,849.56	8,656.80	9,194.95
LTM Dividend per Share	760.98	760.98	760.98
(+) Excess Retained per Share	7,849.56	8,656.80	9,194.95
(=) Adjusted Dividend	8,610.54	9,417.78	9,955.93
WACC / Discount Rate	6.33%	6.33%	6.33%
Growth Rate	-0.43%	0.57%	1.57%
Fair Value	$126,825.99	$164,434.73	$212,443.79
Upside / Downside	120.57%	185.97%	269.47%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	23,441.16	23,573.68	23,706.95	23,840.98	23,975.76	24,111.30	24,834.64
Payout Ratio	7.07%	23.66%	40.24%	56.83%	73.41%	90.00%	92.50%
Projected Dividends (M)	1,657.34	5,576.63	9,540.18	13,548.37	17,601.57	21,700.17	22,972.04

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.33%	6.33%	6.33%
Growth Rate	-0.43%	0.57%	1.57%
Year 1 PV (M)	5,192.73	5,244.89	5,297.04
Year 2 PV (M)	8,271.90	8,438.89	8,607.55
Year 3 PV (M)	10,938.54	11,271.46	11,611.05
Year 4 PV (M)	13,232.69	13,772.37	14,328.39
Year 5 PV (M)	15,190.91	15,969.25	16,779.18
PV of Terminal Value (M)	483,636.24	508,416.41	534,202.07
Equity Value (M)	536,463.01	563,113.27	590,825.28
Shares Outstanding (M)	2.18	2.18	2.18
Fair Value	$246,320.70	$258,557.34	$271,281.51
Upside / Downside	328.38%	349.66%	371.79%

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

Kyungdong Invest Co., Ltd (012320.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener