DDM Analysis: 012320.KS

Valuation Snapshot

Stable Growth	$85,868.39 - $126,650.33	$105,420.80
Multi-Stage	$118,981.31 - $130,681.80	$124,719.29
Blended Fair Value	$115,070.04
Current Price	$57,500.00
Upside	100.12%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	7.69%	-9.28%	755.91	755.91	755.91	505.63	518.44	521.86	521.86	2,013.93	2,180.82	2,191.23
YoY Growth	-	-	0.00%	0.00%	49.50%	-2.47%	-0.66%	0.00%	-74.09%	-7.65%	-0.48%	9.40%
Dividend Yield	-	-	1.26%	0.89%	0.71%	1.41%	1.28%	2.21%	1.31%	4.74%	2.46%	2.79%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	23,441.16
(-) Cash Dividends Paid (M)	1,657.34
(=) Cash Retained (M)	21,783.82

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	4,688.23	2,930.15	1,758.09
Cash Retained (M)	21,783.82	21,783.82	21,783.82
(-) Cash Required (M)	-4,688.23	-2,930.15	-1,758.09
(=) Excess Retained (M)	17,095.59	18,853.68	20,025.74
(/) Shares Outstanding (M)	2.18	2.18	2.18
(=) Excess Retained per Share	7,849.56	8,656.80	9,194.95
LTM Dividend per Share	760.98	760.98	760.98
(+) Excess Retained per Share	7,849.56	8,656.80	9,194.95
(=) Adjusted Dividend	8,610.54	9,417.78	9,955.93
WACC / Discount Rate	9.55%	9.55%	9.55%
Growth Rate	-0.43%	0.57%	1.57%
Fair Value	$85,868.39	$105,420.80	$126,650.33
Upside / Downside	49.34%	83.34%	120.26%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	23,441.16	23,573.68	23,706.95	23,840.98	23,975.76	24,111.30	24,834.64
Payout Ratio	7.07%	23.66%	40.24%	56.83%	73.41%	90.00%	92.50%
Projected Dividends (M)	1,657.34	5,576.63	9,540.18	13,548.37	17,601.57	21,700.17	22,972.04

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.55%	9.55%	9.55%
Growth Rate	-0.43%	0.57%	1.57%
Year 1 PV (M)	5,039.90	5,090.52	5,141.14
Year 2 PV (M)	7,792.14	7,949.45	8,108.33
Year 3 PV (M)	10,000.86	10,305.23	10,615.72
Year 4 PV (M)	11,742.26	12,221.16	12,714.55
Year 5 PV (M)	13,083.19	13,753.53	14,451.08
PV of Terminal Value (M)	211,471.62	222,306.83	233,581.70
Equity Value (M)	259,129.97	271,626.72	284,612.52
Shares Outstanding (M)	2.18	2.18	2.18
Fair Value	$118,981.31	$124,719.29	$130,681.80
Upside / Downside	106.92%	116.90%	127.27%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 46 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
ATCOL	Atlas Corp.	3.53%	$0.89	30.47%
AWC-R.BK	Asset World Corp Public Company Limited	3.53%	$0.07	37.62%
CCRO3.SA	CCR S.A.	3.53%	$0.48	66.57%
HMU.DE	HMS Bergbau AG	3.53%	$1.69	29.89%
RAUTE.HE	Raute Oyj	3.53%	$0.52	26.97%
RWE.DE	RWE AG	3.53%	$1.66	46.76%
SNL.AX	Supply Network Limited	3.53%	$1.13	67.28%
0NHS.L	Nutrien Ltd.	3.52%	$2.18	58.76%
CELL.MI	Cellularline S.p.A.	3.52%	$0.09	34.70%
INFREA.ST	Infrea AB	3.52%	$0.50	67.57%
ISSP.JK	PT Steel Pipe Industry of Indonesia Tbk	3.52%	$15.00	19.85%
MGA	Magna International Inc.	3.52%	$1.92	52.47%
PARP.PA	Groupe Partouche S.A.	3.52%	$0.64	38.61%
PKI.TO	Parkland Corporation	3.52%	$1.40	73.81%
SMU.SN	SMU S.A.	3.52%	$5.49	46.99%
161390.KS	Hankook Tire & Technology Co., Ltd.	3.51%	$2,000.00	25.86%
300360.SZ	Hangzhou Sunrise Technology Co., Ltd.	3.51%	$0.61	52.03%
5106.KL	Axis Real Estate Investment Trust	3.51%	$0.07	56.99%
601128.SS	Jiangsu Changshu Rural Commercial Bank Co., Ltd.	3.51%	$0.25	19.56%
INTP.JK	PT Indocement Tunggal Prakarsa Tbk	3.51%	$259.81	43.04%
RATO-A.ST	Ratos AB (publ)	3.51%	$1.35	12.15%
002887.SZ	Tianjin LVYIN Landscape and Ecology Construction Co., Ltd	3.50%	$0.33	84.50%
603062.SS	MEGA P&C Advanced Materials (Shanghai) Company Limited	3.50%	$1.66	74.27%
CMCL	Caledonia Mining Corporation Plc	3.50%	$0.92	35.87%
DLO	DLocal Limited	3.50%	$0.49	87.74%
LAZ	Lazard Ltd	3.50%	$1.74	67.48%
TWL.MI	TraWell Co S.p.A.	3.50%	$0.21	28.69%
WJP.SI	VICOM Ltd	3.50%	$0.06	66.95%
005610.KS	SPC Samlip Co., Ltd.	3.49%	$1,803.39	45.19%
0RFL.L	VAT Group AG	3.49%	$12.50	88.50%
2030.HK	Cabbeen Fashion Limited	3.49%	$0.05	63.92%
5206.TWO	Kunyue Development Co., Ltd.	3.49%	$1.18	21.91%
5246.KL	Westports Holdings Berhad	3.49%	$0.20	71.36%
5989.T	H-One Co.,Ltd.	3.49%	$49.44	14.49%
ACO-X.TO	ATCO Ltd.	3.49%	$1.98	50.80%
CNI	Canadian National Railway Company	3.49%	$3.50	50.64%
PEAB3.SA	Companhia de Participações Aliança da Bahia	3.49%	$1.36	78.68%
026960.KS	Dong Suh Companies Inc.	3.48%	$905.33	62.72%
055550.KS	Shinhan Financial Group Co., Ltd.	3.48%	$2,668.74	26.55%
0QK5.L	INFICON Holding AG	3.48%	$3.44	43.54%
6722.TWO	Whetron Electronics Co.,Ltd.	3.48%	$1.99	24.71%
HOLM-A.ST	Holmen AB (publ)	3.48%	$12.23	66.11%
002206.SZ	Zhejiang Hailide New Material Co.,Ltd	3.47%	$0.20	43.30%
3004.SR	Northern Region Cement Company	3.47%	$0.25	79.89%
4129.TWO	United Orthopedic Corporation	3.47%	$3.80	69.70%
600133.SS	Wuhan East Lake High Technology Group Co., Ltd.	3.47%	$0.32	87.27%
601995.SS	China International Capital Corporation Limited	3.47%	$1.21	62.35%
6471.T	NSK Ltd.	3.47%	$33.82	92.34%
CSED3.SA	Cruzeiro do Sul Educacional S.A.	3.47%	$0.21	30.49%
GPRA.JK	PT Perdana Gapuraprima Tbk	3.47%	$5.00	18.12%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Kyungdong Invest Co., Ltd (012320.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener