DDM Analysis: 009290.KS

Valuation Snapshot

Stable Growth	$15,065.25 - $35,333.98	$22,146.01
Multi-Stage	$18,352.61 - $20,152.40	$19,235.45
Blended Fair Value	$20,690.73
Current Price	$5,830.00
Upside	254.90%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	4.51%	3.37%	101.44	103.98	103.98	103.98	80.14	81.36	82.16	82.17	82.17	81.35
YoY Growth	-	-	-2.43%	0.00%	0.00%	29.74%	-1.49%	-0.98%	-0.01%	0.00%	1.01%	11.75%
Dividend Yield	-	-	1.97%	1.42%	1.88%	1.38%	0.94%	1.43%	1.17%	0.92%	0.92%	0.73%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	29,182.92
(-) Cash Dividends Paid (M)	3,927.88
(=) Cash Retained (M)	25,255.04

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	5,836.58	3,647.86	2,188.72
Cash Retained (M)	25,255.04	25,255.04	25,255.04
(-) Cash Required (M)	-5,836.58	-3,647.86	-2,188.72
(=) Excess Retained (M)	19,418.46	21,607.18	23,066.32
(/) Shares Outstanding (M)	39.51	39.51	39.51
(=) Excess Retained per Share	491.50	546.90	583.84
LTM Dividend per Share	99.42	99.42	99.42
(+) Excess Retained per Share	491.50	546.90	583.84
(=) Adjusted Dividend	590.92	646.32	683.25
WACC / Discount Rate	6.53%	6.53%	6.53%
Growth Rate	2.51%	3.51%	4.51%
Fair Value	$15,065.25	$22,146.01	$35,333.98
Upside / Downside	158.41%	279.86%	506.07%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	29,182.92	30,207.78	31,268.63	32,366.74	33,503.42	34,680.01	35,720.41
Payout Ratio	13.46%	28.77%	44.08%	59.38%	74.69%	90.00%	92.50%
Projected Dividends (M)	3,927.88	8,690.06	13,781.87	19,220.60	25,024.34	31,212.01	33,041.38

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.53%	6.53%	6.53%
Growth Rate	2.51%	3.51%	4.51%
Year 1 PV (M)	8,078.36	8,157.16	8,235.97
Year 2 PV (M)	11,909.94	12,143.43	12,379.19
Year 3 PV (M)	15,440.77	15,897.06	16,362.26
Year 4 PV (M)	18,688.10	19,428.05	20,189.75
Year 5 PV (M)	21,668.30	22,745.99	23,866.14
PV of Terminal Value (M)	649,294.01	681,587.15	715,152.59
Equity Value (M)	725,079.48	759,958.84	796,185.90
Shares Outstanding (M)	39.51	39.51	39.51
Fair Value	$18,352.61	$19,235.45	$20,152.40
Upside / Downside	214.80%	229.94%	245.67%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 9 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
ATLO	Ames National Corporation	3.84%	$0.87	48.60%
FRME	First Merchants Corporation	3.83%	$1.44	35.39%
PCAR	PACCAR Inc	3.83%	$4.27	83.66%
0HJO.L	AvalonBay Communities, Inc.	3.82%	$6.86	84.26%
FE	FirstEnergy Corp.	3.82%	$1.73	75.49%
LXFR	Luxfer Holdings PLC	3.81%	$0.52	98.38%
LCII	LCI Industries	3.80%	$4.72	64.48%
NEN	New England Realty Associates Limited Partnership	3.78%	$2.44	73.23%
PAYX	Paychex, Inc.	3.78%	$4.10	91.97%
RGCO	RGC Resources, Inc.	3.78%	$0.81	63.02%
UBSI	United Bankshares, Inc.	3.78%	$1.45	48.05%
SLVM	Sylvamo Corporation	3.77%	$1.80	41.11%
CAC	Camden National Corporation	3.75%	$1.61	47.99%
ARCH	Arch Resources, Inc.	3.74%	$5.04	50.87%
USB	U.S. Bancorp	3.74%	$2.02	43.68%
WSR	Whitestone REIT	3.74%	$0.52	60.32%
FDBC	Fidelity D & D Bancorp, Inc.	3.73%	$1.61	35.71%
WNC	Wabash National Corporation	3.73%	$0.33	5.38%
VLY	Valley National Bancorp	3.72%	$0.43	47.26%
GHLD	Guild Holdings Company	3.71%	$0.74	36.91%
FNF	Fidelity National Financial, Inc.	3.69%	$2.00	46.79%
IPAR	Inter Parfums, Inc.	3.68%	$3.15	61.47%
WSBF	Waterstone Financial, Inc.	3.68%	$0.61	45.57%
AROW	Arrow Financial Corporation	3.66%	$1.15	54.67%
ASIX	AdvanSix Inc.	3.66%	$0.63	32.72%
ASRV	AmeriServ Financial, Inc.	3.66%	$0.12	78.81%
CVGW	Calavo Growers, Inc.	3.66%	$0.80	71.92%
OXY	Occidental Petroleum Corporation	3.65%	$1.55	75.62%
FMAO	Farmers & Merchants Bancorp, Inc.	3.64%	$0.89	37.59%
LNKB	LINKBANCORP, Inc.	3.64%	$0.30	29.21%
BHRB	Burke & Herbert Bank & Trust Company	3.63%	$2.24	31.71%
EOG	EOG Resources, Inc.	3.63%	$3.90	38.34%
FITB	Fifth Third Bancorp	3.61%	$1.72	47.89%
LNC	Lincoln National Corporation	3.61%	$1.63	14.98%
MCBS	MetroCity Bankshares, Inc.	3.61%	$0.95	36.60%
OZK	Bank OZK	3.61%	$1.70	26.69%
PCB	PCB Bancorp	3.61%	$0.78	31.72%
SFD	SMITHFIELD FOODS INC	3.60%	$0.80	36.46%
0HOB.L	H&R Block, Inc.	3.59%	$1.54	33.12%
ASB	Associated Banc-Corp	3.59%	$0.92	87.56%
PLOW	Douglas Dynamics, Inc.	3.59%	$1.18	66.47%
EXC	Exelon Corporation	3.58%	$1.57	56.50%
MC	Moelis & Company	3.58%	$2.55	85.89%
TIPT	Tiptree Inc.	3.57%	$0.64	49.10%
BPRN	Princeton Bancorp, Inc.	3.56%	$1.20	46.56%
EVRG	Evergy, Inc.	3.56%	$2.60	71.71%
CZFS	Citizens Financial Services, Inc.	3.55%	$1.97	27.82%
CNO-PA	CNO Financial Group, Inc. 5.125	3.54%	$0.67	22.53%
NBTB	NBT Bancorp Inc.	3.54%	$1.47	46.30%
0JQQ.L	Archer-Daniels-Midland Company	3.53%	$2.03	82.76%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Kwang Dong Pharmaceutical Co., Ltd. (009290.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener