DDM Analysis: 000860.KS

Valuation Snapshot

Stable Growth	$21,070.96 - $89,822.59	$52,031.88
Multi-Stage	$13,137.45 - $14,375.08	$13,744.87
Blended Fair Value	$32,888.37
Current Price	$12,100.00
Upside	171.80%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	0.22%	2.14%	278.45	264.37	263.75	263.75	250.34	275.37	275.37	250.33	250.34	250.34
YoY Growth	-	-	5.33%	0.23%	0.00%	5.36%	-9.09%	0.00%	10.00%	0.00%	0.00%	11.12%
Dividend Yield	-	-	1.23%	1.08%	1.23%	1.02%	0.82%	0.97%	1.01%	0.77%	0.70%	0.62%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,908.78
(-) Cash Dividends Paid (M)	3,797.82
(=) Cash Retained (M)	2,110.96

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,181.76	738.60	443.16
Cash Retained (M)	2,110.96	2,110.96	2,110.96
(-) Cash Required (M)	-1,181.76	-738.60	-443.16
(=) Excess Retained (M)	929.21	1,372.37	1,667.80
(/) Shares Outstanding (M)	12.98	12.98	12.98
(=) Excess Retained per Share	71.57	105.71	128.47
LTM Dividend per Share	292.54	292.54	292.54
(+) Excess Retained per Share	71.57	105.71	128.47
(=) Adjusted Dividend	364.11	398.24	421.00
WACC / Discount Rate	6.49%	6.49%	6.49%
Growth Rate	4.68%	5.68%	6.68%
Fair Value	$21,070.96	$52,031.88	$89,822.59
Upside / Downside	74.14%	330.02%	642.34%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,908.78	6,244.24	6,598.74	6,973.37	7,369.26	7,787.63	8,021.26
Payout Ratio	64.27%	69.42%	74.56%	79.71%	84.85%	90.00%	92.50%
Projected Dividends (M)	3,797.82	4,334.71	4,920.31	5,558.45	6,253.17	7,008.87	7,419.67

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.49%	6.49%	6.49%
Growth Rate	4.68%	5.68%	6.68%
Year 1 PV (M)	4,032.16	4,070.68	4,109.20
Year 2 PV (M)	4,257.44	4,339.17	4,421.68
Year 3 PV (M)	4,473.91	4,603.36	4,735.28
Year 4 PV (M)	4,681.79	4,863.28	5,049.99
Year 5 PV (M)	4,881.32	5,118.98	5,365.81
PV of Terminal Value (M)	148,229.34	155,446.22	162,941.50
Equity Value (M)	170,555.96	178,441.68	186,623.45
Shares Outstanding (M)	12.98	12.98	12.98
Fair Value	$13,137.45	$13,744.87	$14,375.08
Upside / Downside	8.57%	13.59%	18.80%

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

Mode

Ticker

Industry

Sector

Kangnam Jevisco Co., Ltd (000860.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener