DDM Analysis: 023450.KS

Valuation Snapshot

Stable Growth	$18,630.98 - $28,900.22	$23,384.63
Multi-Stage	$43,005.07 - $47,345.41	$45,132.55
Blended Fair Value	$34,258.59
Current Price	$33,950.00
Upside	0.91%
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	-9.90%	0.00%	814.52	817.77	596.11	4,510.31	10,430.88	1,371.95	225.75	88.40	58.62	58.63
YoY Growth	-	-	-0.40%	37.18%	-86.78%	-56.76%	660.30%	507.74%	155.37%	50.82%	-0.03%	0.00%
Dividend Yield	-	-	2.43%	2.61%	1.40%	7.31%	19.79%	5.25%	0.94%	0.40%	0.27%	0.37%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,782.78
(-) Cash Dividends Paid (M)	3,117.36
(=) Cash Retained (M)	3,665.42

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,356.56	847.85	508.71
Cash Retained (M)	3,665.42	3,665.42	3,665.42
(-) Cash Required (M)	-1,356.56	-847.85	-508.71
(=) Excess Retained (M)	2,308.86	2,817.57	3,156.71
(/) Shares Outstanding (M)	3.42	3.42	3.42
(=) Excess Retained per Share	675.82	824.72	923.99
LTM Dividend per Share	912.47	912.47	912.47
(+) Excess Retained per Share	675.82	824.72	923.99
(=) Adjusted Dividend	1,588.28	1,737.19	1,836.45
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	-2.00%	-1.00%	0.00%
Fair Value	$18,630.98	$23,384.63	$28,900.22
Upside / Downside	-45.12%	-31.12%	-14.87%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,782.78	6,714.95	6,647.80	6,581.32	6,515.51	6,450.35	6,643.86
Payout Ratio	45.96%	54.77%	63.58%	72.38%	81.19%	90.00%	92.50%
Projected Dividends (M)	3,117.36	3,677.64	4,226.40	4,763.82	5,290.07	5,805.32	6,145.57

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	-2.00%	-1.00%	0.00%
Year 1 PV (M)	3,422.98	3,457.91	3,492.84
Year 2 PV (M)	3,661.35	3,736.45	3,812.32
Year 3 PV (M)	3,841.15	3,959.94	4,081.15
Year 4 PV (M)	3,970.11	4,134.65	4,304.25
Year 5 PV (M)	4,055.10	4,266.26	4,486.12
PV of Terminal Value (M)	127,971.96	134,635.76	141,574.31
Equity Value (M)	146,922.64	154,190.96	161,750.99
Shares Outstanding (M)	3.42	3.42	3.42
Fair Value	$43,005.07	$45,132.55	$47,345.41
Upside / Downside	26.67%	32.94%	39.46%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

Financial Statements

Periods / Units / Analysis

Fundamentals

Valuations

Mode

Miscellaneous

Ticker

Industry

Sector

Dongnam Chemical Co., Ltd. (023450.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener