DDM Analysis: 013120.KQ

Valuation Snapshot

Stable Growth	$567.50 - $797.96	$681.92
Multi-Stage	$1,725.11 - $1,902.27	$1,811.89
Blended Fair Value	$1,246.91
Current Price	$2,690.00
Upside	-53.65%
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	-15.44%	0.00%	80.47	160.95	150.89	186.10	171.01	186.10	149.28	111.66	80.17	50.84
YoY Growth	-	-	-50.00%	6.67%	-18.92%	8.82%	-8.11%	24.66%	33.69%	39.27%	57.69%	0.00%
Dividend Yield	-	-	3.67%	5.91%	4.55%	3.44%	3.17%	5.69%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	8,518.30
(-) Cash Dividends Paid (M)	7,264.65
(=) Cash Retained (M)	1,253.66

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,703.66	1,064.79	638.87
Cash Retained (M)	1,253.66	1,253.66	1,253.66
(-) Cash Required (M)	-1,703.66	-1,064.79	-638.87
(=) Excess Retained (M)	-450.00	188.87	614.78
(/) Shares Outstanding (M)	90.27	90.27	90.27
(=) Excess Retained per Share	-4.98	2.09	6.81
LTM Dividend per Share	80.47	80.47	80.47
(+) Excess Retained per Share	-4.98	2.09	6.81
(=) Adjusted Dividend	75.49	82.57	87.29
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	-6.13%	-5.13%	-4.13%
Fair Value	$567.50	$681.92	$797.96
Upside / Downside	-78.90%	-74.65%	-70.34%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	8,518.30	8,081.10	7,666.33	7,272.85	6,899.57	6,545.45	6,741.81
Payout Ratio	85.28%	86.23%	87.17%	88.11%	89.06%	90.00%	92.50%
Projected Dividends (M)	7,264.65	6,968.03	6,682.72	6,408.34	6,144.52	5,890.90	6,236.17

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	-6.13%	-5.13%	-4.13%
Year 1 PV (M)	6,482.67	6,551.73	6,620.80
Year 2 PV (M)	5,784.17	5,908.07	6,033.28
Year 3 PV (M)	5,160.34	5,327.02	5,497.26
Year 4 PV (M)	4,603.25	4,802.57	5,008.29
Year 5 PV (M)	4,105.85	4,329.26	4,562.30
PV of Terminal Value (M)	129,593.44	136,645.09	144,000.43
Equity Value (M)	155,729.72	163,563.75	171,722.35
Shares Outstanding (M)	90.27	90.27	90.27
Fair Value	$1,725.11	$1,811.89	$1,902.27
Upside / Downside	-35.87%	-32.64%	-29.28%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 29 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
BTBT	Bit Digital, Inc.	0.25%	$0.01	1.17%
PVH	PVH Corp.	0.25%	$0.17	2.41%
AEL	American Equity Investment Life Holding Company	0.24%	$0.14	2.19%
CRS	Carpenter Technology Corporation	0.24%	$0.80	9.74%
L	Loews Corporation	0.24%	$0.25	3.58%
PRIM	Primoris Services Corporation	0.23%	$0.30	5.83%
TER	Teradyne, Inc.	0.23%	$0.48	17.39%
FOCS	Focus Financial Partners Inc.	0.22%	$0.12	19.23%
QCRH	QCR Holdings, Inc.	0.22%	$0.18	2.50%
RMAX	RE/MAX Holdings, Inc.	0.22%	$0.02	2.70%
VSEC	VSE Corporation	0.22%	$0.40	30.98%
0J5I.L	Hilton Worldwide Holdings Inc.	0.21%	$0.60	8.71%
PRVAX	Virginia Tax Free Bond Fund	0.21%	$0.02	89.04%
ACA	Arcosa, Inc.	0.19%	$0.20	6.66%
HWM	Howmet Aerospace Inc.	0.19%	$0.40	11.24%
USLM	United States Lime & Minerals, Inc.	0.19%	$0.23	5.04%
AEIS	Advanced Energy Industries, Inc.	0.18%	$0.40	10.65%
BELFA	Bel Fuse Inc.	0.18%	$0.28	5.31%
TILE	Interface, Inc.	0.18%	$0.05	2.63%
0K05.L	Medifast, Inc.	0.17%	$0.02	78.63%
AYI	Acuity Brands, Inc.	0.17%	$0.65	5.19%
BDC	Belden Inc.	0.17%	$0.20	3.53%
FIX	Comfort Systems USA, Inc.	0.17%	$1.70	7.18%
KNSL	Kinsale Capital Group, Inc.	0.17%	$0.66	3.24%
STCN	Steel Connect, Inc.	0.17%	$0.02	1.98%
VVI	Viad Corp	0.17%	$0.07	0.54%
ALNT	Allient Inc.	0.16%	$0.09	7.91%
CLSK	CleanSpark, Inc.	0.16%	$0.02	1.41%
EME	EMCOR Group, Inc.	0.16%	$1.01	4.01%
ESE	ESCO Technologies Inc.	0.16%	$0.32	2.76%
CW	Curtiss-Wright Corporation	0.15%	$0.87	7.08%
MU	Micron Technology, Inc.	0.15%	$0.46	6.11%
SPCMU	Sound Point Acquisition Corp I, Ltd	0.15%	$0.02	1.33%
ENSG	The Ensign Group, Inc.	0.14%	$0.24	4.34%
JBL	Jabil Inc.	0.14%	$0.33	5.48%
PFIE	Profire Energy, Inc.	0.14%	$0.00	1.99%
0R0A.L	Hecla Mining Company	0.13%	$0.02	5.24%
GNW	Genworth Financial, Inc.	0.13%	$0.01	2.27%
ONIT	Onity Group Inc.	0.13%	$0.06	1.46%
0A7O.L	MicroStrategy Incorporated	0.12%	$0.19	0.73%
0KGS.L	Pegasystems Inc.	0.12%	$0.07	4.63%
PRTAX	T. Rowe Price Tax-Free Income Fd	0.12%	$0.01	89.04%
WDC	Western Digital Corporation	0.12%	$0.22	3.25%
GEV	GE Vernova Inc.	0.11%	$0.75	12.15%
MPLF.L	Marble Point Loan Financing Limited	0.11%	$0.07	92.98%
EPAC	Enerpac Tool Group Corp.	0.10%	$0.04	2.34%
GRBK	Green Brick Partners, Inc.	0.10%	$0.07	0.85%
IR	Ingersoll Rand Inc.	0.10%	$0.08	5.89%
RAL	Ralliant Corp.	0.10%	$0.05	2.75%
TXT	Textron Inc.	0.10%	$0.08	1.79%

Financial Statements

Periods / Units / Analysis

Fundamentals

Valuations

Mode

Miscellaneous

Ticker

Industry

Sector

DongWon Development Co.,Ltd. (013120.KQ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener