DDM Analysis: 103140.KS

Valuation Snapshot

Stable Growth	$503,368.37 - $1,300,899.80	$1,219,133.63
Multi-Stage	$186,640.04 - $204,245.50	$195,281.22
Blended Fair Value	$707,207.42
Current Price	$124,700.00
Upside	467.13%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	14.21%	9.79%	1,200.24	1,000.22	1,027.46	615.48	410.34	617.68	820.64	718.06	514.48	618.66
YoY Growth	-	-	20.00%	-2.65%	66.94%	49.99%	-33.57%	-24.73%	14.29%	39.57%	-16.84%	31.12%
Dividend Yield	-	-	1.94%	1.98%	2.72%	1.85%	1.22%	3.50%	2.68%	1.83%	1.32%	2.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	178,629.65
(-) Cash Dividends Paid (M)	71,014.11
(=) Cash Retained (M)	107,615.54

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	35,725.93	22,328.71	13,397.22
Cash Retained (M)	107,615.54	107,615.54	107,615.54
(-) Cash Required (M)	-35,725.93	-22,328.71	-13,397.22
(=) Excess Retained (M)	71,889.61	85,286.84	94,218.32
(/) Shares Outstanding (M)	27.31	27.31	27.31
(=) Excess Retained per Share	2,632.55	3,123.14	3,450.21
LTM Dividend per Share	2,600.49	2,600.49	2,600.49
(+) Excess Retained per Share	2,632.55	3,123.14	3,450.21
(=) Adjusted Dividend	5,233.04	5,723.63	6,050.70
WACC / Discount Rate	6.60%	6.60%	6.60%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$503,368.37	$1,219,133.63	$1,300,899.80
Upside / Downside	303.66%	877.65%	943.22%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	178,629.65	190,240.58	202,606.22	215,775.62	229,801.04	244,738.10	252,080.25
Payout Ratio	39.75%	49.80%	59.85%	69.90%	79.95%	90.00%	92.50%
Projected Dividends (M)	71,014.11	94,747.32	121,265.82	150,831.42	183,728.20	220,264.29	233,174.23

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.60%	6.60%	6.60%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	88,049.26	88,883.85	89,718.44
Year 2 PV (M)	104,726.34	106,721.09	108,734.65
Year 3 PV (M)	121,050.92	124,525.86	128,066.67
Year 4 PV (M)	137,028.48	142,298.21	147,718.49
Year 5 PV (M)	152,664.44	160,038.19	167,694.15
PV of Terminal Value (M)	4,493,246.73	4,710,272.23	4,935,603.80
Equity Value (M)	5,096,766.18	5,332,739.43	5,577,536.21
Shares Outstanding (M)	27.31	27.31	27.31
Fair Value	$186,640.04	$195,281.22	$204,245.50
Upside / Downside	49.67%	56.60%	63.79%

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

Periods / Units / Analysis

Fundamentals

Valuations

Mode

Miscellaneous

Ticker

Industry

Sector

Poongsan Corporation (103140.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener