DDM Analysis: 009290.KS

Valuation Snapshot

Stable Growth	$15,065.25 - $35,333.98	$22,146.01
Multi-Stage	$18,352.61 - $20,152.40	$19,235.45
Blended Fair Value	$20,690.73
Current Price	$5,830.00
Upside	254.90%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	4.51%	3.37%	101.44	103.98	103.98	103.98	80.14	81.36	82.16	82.17	82.17	81.35
YoY Growth	-	-	-2.43%	0.00%	0.00%	29.74%	-1.49%	-0.98%	-0.01%	0.00%	1.01%	11.75%
Dividend Yield	-	-	1.97%	1.42%	1.88%	1.38%	0.94%	1.43%	1.17%	0.92%	0.92%	0.73%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	29,182.92
(-) Cash Dividends Paid (M)	3,927.88
(=) Cash Retained (M)	25,255.04

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	5,836.58	3,647.86	2,188.72
Cash Retained (M)	25,255.04	25,255.04	25,255.04
(-) Cash Required (M)	-5,836.58	-3,647.86	-2,188.72
(=) Excess Retained (M)	19,418.46	21,607.18	23,066.32
(/) Shares Outstanding (M)	39.51	39.51	39.51
(=) Excess Retained per Share	491.50	546.90	583.84
LTM Dividend per Share	99.42	99.42	99.42
(+) Excess Retained per Share	491.50	546.90	583.84
(=) Adjusted Dividend	590.92	646.32	683.25
WACC / Discount Rate	6.53%	6.53%	6.53%
Growth Rate	2.51%	3.51%	4.51%
Fair Value	$15,065.25	$22,146.01	$35,333.98
Upside / Downside	158.41%	279.86%	506.07%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	29,182.92	30,207.78	31,268.63	32,366.74	33,503.42	34,680.01	35,720.41
Payout Ratio	13.46%	28.77%	44.08%	59.38%	74.69%	90.00%	92.50%
Projected Dividends (M)	3,927.88	8,690.06	13,781.87	19,220.60	25,024.34	31,212.01	33,041.38

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.53%	6.53%	6.53%
Growth Rate	2.51%	3.51%	4.51%
Year 1 PV (M)	8,078.36	8,157.16	8,235.97
Year 2 PV (M)	11,909.94	12,143.43	12,379.19
Year 3 PV (M)	15,440.77	15,897.06	16,362.26
Year 4 PV (M)	18,688.10	19,428.05	20,189.75
Year 5 PV (M)	21,668.30	22,745.99	23,866.14
PV of Terminal Value (M)	649,294.01	681,587.15	715,152.59
Equity Value (M)	725,079.48	759,958.84	796,185.90
Shares Outstanding (M)	39.51	39.51	39.51
Fair Value	$18,352.61	$19,235.45	$20,152.40
Upside / Downside	214.80%	229.94%	245.67%

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

Kwang Dong Pharmaceutical Co., Ltd. (009290.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener