DDM Analysis: KWC.BK

Valuation Snapshot

Stable Growth	$225.29 - $414.70	$303.37
Multi-Stage	$387.39 - $424.88	$405.77
Blended Fair Value	$354.57
Current Price	$276.00
Upside	28.47%
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	2.86%	6.54%	10.36	10.00	9.50	9.50	9.50	9.00	18.00	7.00	5.50	5.50
YoY Growth	-	-	3.63%	5.26%	0.00%	0.00%	5.56%	-50.00%	157.14%	27.27%	0.00%	0.00%
Dividend Yield	-	-	3.43%	3.56%	3.70%	3.77%	3.42%	3.20%	6.38%	2.51%	2.71%	2.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	93.25
(-) Cash Dividends Paid (M)	74.92
(=) Cash Retained (M)	18.33

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	18.65	11.66	6.99
Cash Retained (M)	18.33	18.33	18.33
(-) Cash Required (M)	-18.65	-11.66	-6.99
(=) Excess Retained (M)	-0.32	6.68	11.34
(/) Shares Outstanding (M)	6.00	6.00	6.00
(=) Excess Retained per Share	-0.05	1.11	1.89
LTM Dividend per Share	12.48	12.48	12.48
(+) Excess Retained per Share	-0.05	1.11	1.89
(=) Adjusted Dividend	12.43	13.60	14.37
WACC / Discount Rate	6.43%	6.43%	6.43%
Growth Rate	0.86%	1.86%	2.86%
Fair Value	$225.29	$303.37	$414.70
Upside / Downside	-18.37%	9.92%	50.25%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	93.25	94.99	96.75	98.55	100.39	102.25	105.32
Payout Ratio	80.34%	82.27%	84.20%	86.14%	88.07%	90.00%	92.50%
Projected Dividends (M)	74.92	78.15	81.47	84.89	88.41	92.03	97.42

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.43%	6.43%	6.43%
Growth Rate	0.86%	1.86%	2.86%
Year 1 PV (M)	72.71	73.43	74.15
Year 2 PV (M)	70.52	71.93	73.35
Year 3 PV (M)	68.37	70.42	72.52
Year 4 PV (M)	66.25	68.91	71.66
Year 5 PV (M)	64.16	67.41	70.78
PV of Terminal Value (M)	1,982.83	2,083.10	2,187.38
Equity Value (M)	2,324.84	2,435.20	2,549.83
Shares Outstanding (M)	6.00	6.00	6.00
Fair Value	$387.39	$405.77	$424.88
Upside / Downside	40.36%	47.02%	53.94%

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

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

Krungdhep Sophon Public Company Limited (KWC.BK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener