DDM Analysis: 001515.KS

Valuation Snapshot

Stable Growth	$56.05 - $78.88	$67.38
Multi-Stage	$80.37 - $88.28	$84.25
Blended Fair Value	$75.81
Current Price	$2,710.00
Upside	-97.20%
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	-28.79%	0.00%	2.07	5.09	15.27	10.59	11.28	11.28	0.00	0.00	0.00	0.00
YoY Growth	-	-	-59.44%	-66.67%	44.17%	-6.08%	-0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	0.13%	0.23%	0.56%	0.28%	0.23%	0.57%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,663.84
(-) Cash Dividends Paid (M)	437.37
(=) Cash Retained (M)	3,226.47

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	732.77	457.98	274.79
Cash Retained (M)	3,226.47	3,226.47	3,226.47
(-) Cash Required (M)	-732.77	-457.98	-274.79
(=) Excess Retained (M)	2,493.70	2,768.49	2,951.68
(/) Shares Outstanding (M)	414.15	414.15	414.15
(=) Excess Retained per Share	6.02	6.68	7.13
LTM Dividend per Share	1.06	1.06	1.06
(+) Excess Retained per Share	6.02	6.68	7.13
(=) Adjusted Dividend	7.08	7.74	8.18
WACC / Discount Rate	10.37%	10.37%	10.37%
Growth Rate	-2.00%	-1.00%	0.00%
Fair Value	$56.05	$67.38	$78.88
Upside / Downside	-97.93%	-97.51%	-97.09%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,663.84	3,627.20	3,590.93	3,555.02	3,519.47	3,484.28	3,588.81
Payout Ratio	11.94%	27.55%	43.16%	58.78%	74.39%	90.00%	92.50%
Projected Dividends (M)	437.37	999.30	1,549.94	2,089.47	2,618.05	3,135.85	3,319.65

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	10.37%	10.37%	10.37%
Growth Rate	-2.00%	-1.00%	0.00%
Year 1 PV (M)	896.23	905.37	914.52
Year 2 PV (M)	1,246.70	1,272.27	1,298.10
Year 3 PV (M)	1,507.32	1,553.93	1,601.50
Year 4 PV (M)	1,693.83	1,764.03	1,836.40
Year 5 PV (M)	1,819.58	1,914.33	2,012.99
PV of Terminal Value (M)	26,121.10	27,481.29	28,897.56
Equity Value (M)	33,284.76	34,891.23	36,561.05
Shares Outstanding (M)	414.15	414.15	414.15
Fair Value	$80.37	$84.25	$88.28
Upside / Downside	-97.03%	-96.89%	-96.74%

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

SK Securities Co., Ltd. (001515.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener