DDM Analysis: 011500.KS

Valuation Snapshot

Stable Growth	$3,117.97 - $4,642.35	$3,843.97
Multi-Stage	$4,665.77 - $5,125.13	$4,891.02
Blended Fair Value	$4,367.50
Current Price	$13,870.00
Upside	-68.51%
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	0.00%	4.14%	120.18	120.18	230.35	180.28	150.23	120.18	140.22	110.17	100.15	90.14
YoY Growth	-	-	0.00%	-47.83%	27.78%	20.00%	25.00%	-14.29%	27.27%	10.00%	11.11%	12.50%
Dividend Yield	-	-	0.83%	0.57%	1.11%	1.12%	0.94%	3.03%	3.46%	2.30%	1.79%	2.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,770.03
(-) Cash Dividends Paid (M)	917.64
(=) Cash Retained (M)	4,852.39

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,154.01	721.25	432.75
Cash Retained (M)	4,852.39	4,852.39	4,852.39
(-) Cash Required (M)	-1,154.01	-721.25	-432.75
(=) Excess Retained (M)	3,698.38	4,131.13	4,419.63
(/) Shares Outstanding (M)	15.27	15.27	15.27
(=) Excess Retained per Share	242.19	270.53	289.42
LTM Dividend per Share	60.09	60.09	60.09
(+) Excess Retained per Share	242.19	270.53	289.42
(=) Adjusted Dividend	302.28	330.62	349.51
WACC / Discount Rate	8.91%	8.91%	8.91%
Growth Rate	-0.71%	0.29%	1.29%
Fair Value	$3,117.97	$3,843.97	$4,642.35
Upside / Downside	-77.52%	-72.29%	-66.53%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,770.03	5,786.55	5,803.12	5,819.74	5,836.41	5,853.12	6,028.72
Payout Ratio	15.90%	30.72%	45.54%	60.36%	75.18%	90.00%	92.50%
Projected Dividends (M)	917.64	1,777.79	2,642.87	3,512.88	4,387.85	5,267.81	5,576.56

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.91%	8.91%	8.91%
Growth Rate	-0.71%	0.29%	1.29%
Year 1 PV (M)	1,616.04	1,632.32	1,648.60
Year 2 PV (M)	2,183.83	2,228.04	2,272.70
Year 3 PV (M)	2,638.63	2,719.16	2,801.32
Year 4 PV (M)	2,995.98	3,118.52	3,244.78
Year 5 PV (M)	3,269.56	3,437.56	3,612.40
PV of Terminal Value (M)	58,544.80	61,553.07	64,683.75
Equity Value (M)	71,248.85	74,688.68	78,263.55
Shares Outstanding (M)	15.27	15.27	15.27
Fair Value	$4,665.77	$4,891.02	$5,125.13
Upside / Downside	-66.36%	-64.74%	-63.05%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 21 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
GATX	GATX Corporation	1.45%	$2.47	28.36%
SF	Stifel Financial Corp.	1.45%	$1.86	30.82%
0HFN.L	Analog Devices, Inc.	1.44%	$3.90	84.88%
HAYN	Haynes International, Inc.	1.44%	$0.88	30.16%
0I58.L	Cummins Inc.	1.43%	$7.42	38.53%
0HRJ.L	CSX Corporation	1.42%	$0.51	33.32%
OLED	Universal Display Corporation	1.42%	$1.73	37.24%
BBW	Build-A-Bear Workshop, Inc.	1.41%	$0.86	19.50%
LBC	Luther Burbank Corporation	1.41%	$0.13	17.07%
SNDR	Schneider National, Inc.	1.41%	$0.38	58.72%
0R13.L	Church & Dwight Co., Inc.	1.40%	$1.16	36.55%
COHN	Cohen & Company Inc.	1.40%	$0.35	48.05%
HLI	Houlihan Lokey, Inc.	1.40%	$2.48	39.81%
PATK	Patrick Industries, Inc.	1.40%	$1.54	44.05%
CXT	Crane NXT, Co.	1.39%	$0.66	24.82%
ESBA	Empire State Realty OP, L.P.	1.39%	$0.09	49.94%
MMS	Maximus, Inc.	1.39%	$1.21	21.54%
WYNN	Wynn Resorts, Limited	1.39%	$1.70	34.98%
ATEN	A10 Networks, Inc.	1.38%	$0.24	34.61%
HYAC	Haymaker Acquisition Corp. III	1.38%	$0.16	37.41%
ISTR	Investar Holding Corporation	1.38%	$0.36	18.11%
MCY	Mercury General Corporation	1.38%	$1.27	16.00%
ACU	Acme United Corporation	1.37%	$0.55	28.31%
DE	Deere & Company	1.36%	$6.34	34.22%
HYAC-UN	Haymaker Acquisition Corp. 4	1.36%	$0.16	37.41%
RTX	RTX Corporation	1.36%	$2.56	52.52%
0HIN.L	Assurant, Inc.	1.35%	$3.22	19.47%
AL	Air Lease Corporation	1.35%	$0.86	9.51%
BGCP	BGC Partners, Inc.	1.34%	$0.06	11.88%
ESRT	Empire State Realty Trust, Inc.	1.34%	$0.09	49.94%
HUM	Humana Inc.	1.34%	$3.55	33.23%
ZEUS	Olympic Steel, Inc.	1.34%	$0.59	50.16%
0K9L.L	Nucor Corporation	1.33%	$2.22	31.04%
BY	Byline Bancorp, Inc.	1.33%	$0.39	13.97%
LPX	Louisiana-Pacific Corporation	1.33%	$1.09	35.19%
OPOF	Old Point Financial Corporation	1.33%	$0.56	32.91%
WSM	Williams-Sonoma, Inc.	1.33%	$2.50	27.85%
RUSHA	Rush Enterprises, Inc.	1.32%	$0.71	21.15%
VLEOX	Value Line Small Cap Opportunities Fund, Inc. Investor Class	1.32%	$0.79	56.29%
0IW7.L	Global Payments Inc.	1.31%	$1.01	13.82%
APO	Apollo Global Management, Inc.	1.31%	$1.92	27.59%
EMP	Entergy Mississippi, Inc. 1M BD 66	1.31%	$0.27	6.72%
NDSN	Nordson Corporation	1.31%	$3.15	36.67%
ROK	Rockwell Automation, Inc.	1.31%	$5.23	68.01%
UMBF	UMB Financial Corporation	1.31%	$1.52	18.87%
0L3I.L	The Charles Schwab Corporation	1.30%	$1.29	28.42%
0R2X.L	Corning Incorporated	1.30%	$1.15	72.69%
EBAY	eBay Inc.	1.30%	$1.13	24.20%
GGG	Graco Inc.	1.30%	$1.07	36.31%
HES	Hess Corporation	1.30%	$1.94	26.90%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Hannong Chemicals Inc. (011500.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener