Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Korean Reinsurance Company (003690.KS)

Company Dividend Discount ModelIndustry: Insurance - ReinsuranceSector: Financial Services

Valuation Snapshot

Stable Growth$114,969.63 - $408,686.02$376,535.86
Multi-Stage$52,313.51 - $57,226.42$54,724.99
Blended Fair Value$215,630.42
Current Price$10,240.00
Upside2,005.77%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.50%14.97%449.94298.57303.78260.38377.72238.86194.98269.40285.31205.35
YoY Growth--50.70%-1.71%16.67%-31.06%58.13%22.51%-27.63%-5.58%38.94%84.16%
Dividend Yield--5.51%4.30%6.02%4.57%7.72%5.65%3.64%4.10%4.25%2.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)363,206.53
(-) Cash Dividends Paid (M)140,936.58
(=) Cash Retained (M)222,269.95
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)72,641.3145,400.8227,240.49
Cash Retained (M)222,269.95222,269.95222,269.95
(-) Cash Required (M)-72,641.31-45,400.82-27,240.49
(=) Excess Retained (M)149,628.65176,869.14195,029.46
(/) Shares Outstanding (M)176.74176.74176.74
(=) Excess Retained per Share846.591,000.711,103.46
LTM Dividend per Share797.41797.41797.41
(+) Excess Retained per Share846.591,000.711,103.46
(=) Adjusted Dividend1,643.991,798.121,900.87
WACC / Discount Rate7.01%7.01%7.01%
Growth Rate5.50%6.50%7.50%
Fair Value$114,969.63$376,535.86$408,686.02
Upside / Downside1,022.75%3,577.11%3,891.07%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)363,206.53386,814.96411,957.93438,735.20467,252.98497,624.43512,553.16
Payout Ratio38.80%49.04%59.28%69.52%79.76%90.00%92.50%
Projected Dividends (M)140,936.58189,704.66244,217.13305,014.72372,684.18447,861.99474,111.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.01%7.01%7.01%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)175,615.26177,279.86178,944.46
Year 2 PV (M)209,288.14213,274.49217,298.45
Year 3 PV (M)241,976.69248,922.97256,000.93
Year 4 PV (M)273,701.98284,227.78295,054.30
Year 5 PV (M)304,484.66319,191.38334,460.97
PV of Terminal Value (M)8,041,019.258,429,403.498,832,652.10
Equity Value (M)9,246,085.979,672,299.9710,114,411.20
Shares Outstanding (M)176.74176.74176.74
Fair Value$52,313.51$54,724.99$57,226.42
Upside / Downside410.87%434.42%458.85%

High-Yield Dividend Screener

« Prev Page 37 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
030200.KSKT Corporation4.28%$2,195.0057.50%
0QL7.LCompagnie Financière Tradition S.A.4.28%$12.3042.79%
603788.SSNingbo Gaofa Automotive Control System Co., Ltd.4.28%$0.7080.53%
CONCHATORO.SNViña Concha y Toro S.A.4.28%$43.5341.21%
EDHN.SWEnergiedienst Holding AG4.28%$1.6927.11%
LHPF.BKLand and Houses Freehold and Leasehold Property Fund4.28%$0.2228.94%
003816.SZCGN Power Co., Ltd.4.27%$0.1686.16%
033920.KSMuhak Co., Ltd.4.27%$390.0321.54%
0NWC.Lsecunet Security Networks AG4.27%$7.8278.31%
HAKI-B.STHAKI Safety AB (publ)4.27%$0.9165.00%
ULG.WAUltimate Games S.A.4.27%$0.5063.41%
0QQ6.LRoche Holding AG4.26%$14.3770.63%
3287.THoshino Resorts REIT, Inc.4.26%$11,118.4364.80%
4161.SRBin Dawood Holding Company4.26%$0.2086.85%
600548.SSShenzhen Expressway Corporation Limited4.26%$0.3776.64%
0F8V.LAkwel4.25%$0.3514.62%
GGPS3.SAGPS Participações e Empreendimentos S.A.4.25%$0.6869.54%
NNGF.DENational Grid plc4.25%$0.5760.16%
002352.SZS.F. Holding Co., Ltd.4.24%$1.6375.31%
075180.KSSaeron Automotive Corporation4.24%$139.9669.90%
3052.TWApex Science & Engineering Corp.4.24%$0.5142.05%
600874.SSTianjin Capital Environmental Protection Group Company Limited4.24%$0.2547.55%
603277.SSYindu Kitchen Equipment Co., Ltd4.24%$0.7181.68%
6436.TAmano Corporation4.24%$178.4472.65%
IFI.WAIfirma S.A.4.24%$1.4070.58%
INA.AXIngenia Communities Group4.24%$0.2263.81%
000685.SZZhongshan Public Utilities Group Co.,Ltd.4.23%$0.4952.11%
BRAV.STBravida Holding AB (publ)4.23%$3.7466.06%
DBG.PADerichebourg S.A.4.23%$0.2922.71%
EZZ.AXEZZ Life Science Holdings Limited4.23%$0.0621.17%
INTB3.SAIntelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira4.23%$0.4933.98%
078000.KSTelcoware Co.,Ltd.4.22%$636.2960.41%
0QQY.LMobimo Holding AG4.22%$10.1529.78%
2337.HKUnited Strength Power Holdings Limited4.22%$0.0729.24%
284740.KSCUCKOO Homesys Co., Ltd4.22%$1,000.3319.58%
603195.SSGoneo Group Co., Ltd.4.22%$1.7277.84%
8972.TKDX Realty Investment Corporation4.22%$7,423.1334.15%
ALOS3.SAAllos S.A.4.22%$1.2081.15%
VVL.OLVoss Veksel- og Landmandsbank ASA4.22%$17.0543.31%
600361.SSInnovation New Material Technology Co., Ltd. Class A4.21%$0.1877.50%
603008.SSXilinmen Furniture Co.,Ltd4.21%$0.8692.46%
PJAA.JKPT Pembangunan Jaya Ancol Tbk4.21%$24.0027.50%
SPC.BKSaha Pathanapibul Public Company Limited4.21%$2.4230.73%
603365.SSShanghai Shuixing Home Textile Co., Ltd.4.20%$0.8864.58%
6275.TWOYen Sun Technology Corporation4.20%$2.2581.25%
CULTIBAB.MXOrganización Cultiba, S.A.B. de C.V.4.20%$0.5024.67%
HEID.SWHeidelbergCement AG4.20%$3.3031.09%
002597.SZAnhui Jinhe Industrial Co.,Ltd.4.19%$0.8788.56%
003780.KSChin Yang Industry Co., Ltd.4.19%$281.3537.66%
CWC.DECEWE Stiftung & Co. KGaA4.19%$4.2753.25%