DDM Analysis: 241590.KS

Valuation Snapshot

Stable Growth	$1,519.16 - $3,914.29	$2,302.54
Multi-Stage	$5,827.21 - $6,428.23	$6,121.78
Blended Fair Value	$4,212.16
Current Price	$6,060.00
Upside	-30.49%
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	4.91%	0.00%	35.20	35.32	35.14	55.35	35.12	27.70	18.08	12.15	0.00	0.00
YoY Growth	-	-	-0.34%	0.50%	-36.51%	57.58%	26.82%	53.16%	48.80%	0.00%	0.00%	0.00%
Dividend Yield	-	-	0.42%	0.47%	0.41%	0.36%	0.19%	0.26%	0.15%	0.11%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,464.59
(-) Cash Dividends Paid (M)	2,735.57
(=) Cash Retained (M)	2,729.02

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,092.92	683.07	409.84
Cash Retained (M)	2,729.02	2,729.02	2,729.02
(-) Cash Required (M)	-1,092.92	-683.07	-409.84
(=) Excess Retained (M)	1,636.10	2,045.95	2,319.17
(/) Shares Outstanding (M)	77.56	77.56	77.56
(=) Excess Retained per Share	21.10	26.38	29.90
LTM Dividend per Share	35.27	35.27	35.27
(+) Excess Retained per Share	21.10	26.38	29.90
(=) Adjusted Dividend	56.37	61.65	65.17
WACC / Discount Rate	3.10%	3.10%	3.10%
Growth Rate	-0.59%	0.41%	1.41%
Fair Value	$1,519.16	$2,302.54	$3,914.29
Upside / Downside	-74.93%	-62.00%	-35.41%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,464.59	5,487.08	5,509.66	5,532.33	5,555.10	5,577.96	5,745.30
Payout Ratio	50.06%	58.05%	66.04%	74.02%	82.01%	90.00%	92.50%
Projected Dividends (M)	2,735.57	3,185.13	3,638.35	4,095.25	4,555.85	5,020.16	5,314.40

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	3.10%	3.10%	3.10%
Growth Rate	-0.59%	0.41%	1.41%
Year 1 PV (M)	3,058.60	3,089.36	3,120.13
Year 2 PV (M)	3,355.01	3,422.85	3,491.36
Year 3 PV (M)	3,626.30	3,736.84	3,849.60
Year 4 PV (M)	3,873.88	4,032.12	4,195.16
Year 5 PV (M)	4,099.11	4,309.47	4,528.37
PV of Terminal Value (M)	433,936.22	456,205.00	479,378.76
Equity Value (M)	451,949.12	474,795.63	498,563.39
Shares Outstanding (M)	77.56	77.56	77.56
Fair Value	$5,827.21	$6,121.78	$6,428.23
Upside / Downside	-3.84%	1.02%	6.08%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 25 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
MDC	M.D.C. Holdings, Inc.	0.86%	$0.54	55.94%
AXP	American Express Company	0.85%	$3.17	20.85%
FOXA	Fox Corporation	0.85%	$0.62	13.96%
LMST	Limestone Bancorp, Inc.	0.85%	$0.20	8.06%
RCL	Royal Caribbean Cruises Ltd.	0.85%	$2.41	16.19%
AZZ	AZZ Inc.	0.84%	$0.92	8.89%
HIBB	Hibbett, Inc.	0.84%	$0.74	9.00%
MAR	Marriott International, Inc.	0.84%	$2.62	27.38%
MORN	Morningstar, Inc.	0.84%	$1.77	20.03%
SGH	SMART Global Holdings, Inc.	0.84%	$0.14	30.96%
URI	United Rentals, Inc.	0.84%	$7.13	18.10%
0HYJ.L	Cintas Corporation	0.83%	$1.54	34.15%
EFX	Equifax Inc.	0.83%	$1.78	33.46%
GM	General Motors Company	0.82%	$0.66	21.22%
KVSA	Khosla Ventures Acquisition Co.	0.81%	$0.09	9.61%
WMT	Walmart Inc.	0.81%	$0.91	31.92%
BMI	Badger Meter, Inc.	0.80%	$1.41	30.10%
FRD	Friedman Industries, Incorporated	0.80%	$0.16	9.82%
ITT	ITT Inc.	0.80%	$1.40	22.66%
MLI	Mueller Industries, Inc.	0.80%	$0.94	13.89%
SSSSL	SuRo Capital Corp. 6.00% Notes due 2026	0.80%	$0.20	8.46%
RGLD	Royal Gold, Inc.	0.79%	$1.75	24.00%
VRSK	Verisk Analytics, Inc.	0.79%	$1.74	26.41%
COF	Capital One Financial Corporation	0.78%	$1.94	87.57%
EE	Excelerate Energy, Inc.	0.78%	$0.22	9.21%
0K36.L	Moody's Corporation	0.77%	$3.82	30.70%
HCI	HCI Group, Inc.	0.77%	$1.42	9.00%
PH	Parker-Hannifin Corporation	0.77%	$6.85	24.15%
SEI	Solaris Energy Infrastructure, Inc.	0.77%	$0.39	44.96%
0HQN.L	Cboe Global Markets, Inc.	0.76%	$1.90	20.31%
ASIC	Ategrity Specialty Holdings LLC	0.76%	$0.15	12.77%
GL	Globe Life Inc.	0.75%	$1.03	7.35%
0KYY.L	S&P Global Inc.	0.74%	$3.81	28.09%
PHM	PulteGroup, Inc.	0.74%	$0.89	6.67%
ROP	Roper Technologies, Inc.	0.74%	$3.20	22.09%
ZWS	Zurn Elkay Water Solutions Corporation	0.74%	$0.35	30.63%
JOE	The St. Joe Company	0.73%	$0.43	24.05%
TOL	Toll Brothers, Inc.	0.73%	$0.99	7.16%
TTEK	Tetra Tech, Inc.	0.73%	$0.25	26.25%
0HCB.L	Alcoa Corporation	0.72%	$0.40	9.08%
A	Agilent Technologies, Inc.	0.72%	$0.99	21.64%
FCFS	FirstCash Holdings, Inc	0.72%	$1.13	16.40%
TRAK	ReposiTrak, Inc.	0.72%	$0.09	22.94%
BKNG	Booking Holdings Inc.	0.71%	$37.78	24.39%
PGC	Peapack-Gladstone Financial Corporation	0.71%	$0.20	10.22%
ASO	Academy Sports and Outdoors, Inc.	0.70%	$0.37	6.63%
BRO	Brown & Brown, Inc.	0.70%	$0.54	18.02%
INTU	Intuit Inc.	0.70%	$4.39	29.97%
MSFT	Microsoft Corporation	0.70%	$3.31	23.52%
NCR	NCR Corporation	0.70%	$0.11	1.70%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Hwaseung Enterprise Co., Ltd. (241590.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener