DDM Analysis: 060250.KQ

Valuation Snapshot

Stable Growth	$21,582.16 - $44,230.07	$30,261.45
Multi-Stage	$15,749.03 - $17,209.91	$16,466.23
Blended Fair Value	$23,363.84
Current Price	$18,680.00
Upside	25.07%
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	19.59%	28.87%	202.48	202.48	0.00	0.00	130.57	82.78	0.00	0.00	55.69	0.00
YoY Growth	-	-	0.00%	0.00%	0.00%	-100.00%	57.73%	0.00%	0.00%	-100.00%	0.00%	-100.00%
Dividend Yield	-	-	2.72%	1.65%	0.00%	0.00%	0.44%	0.49%	0.00%	0.00%	0.86%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	45,948.45
(-) Cash Dividends Paid (M)	3,866.63
(=) Cash Retained (M)	42,081.82

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	9,189.69	5,743.56	3,446.13
Cash Retained (M)	42,081.82	42,081.82	42,081.82
(-) Cash Required (M)	-9,189.69	-5,743.56	-3,446.13
(=) Excess Retained (M)	32,892.13	36,338.27	38,635.69
(/) Shares Outstanding (M)	38.19	38.19	38.19
(=) Excess Retained per Share	861.20	951.43	1,011.58
LTM Dividend per Share	101.24	101.24	101.24
(+) Excess Retained per Share	861.20	951.43	1,011.58
(=) Adjusted Dividend	962.44	1,052.66	1,112.82
WACC / Discount Rate	10.20%	10.20%	10.20%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$21,582.16	$30,261.45	$44,230.07
Upside / Downside	15.54%	62.00%	136.78%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	45,948.45	48,935.10	52,115.89	55,503.42	59,111.14	62,953.36	64,841.96
Payout Ratio	8.42%	24.73%	41.05%	57.37%	73.68%	90.00%	92.50%
Projected Dividends (M)	3,866.63	12,102.69	21,393.10	31,840.12	43,554.88	56,658.03	59,978.82

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	10.20%	10.20%	10.20%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	10,878.89	10,982.01	11,085.13
Year 2 PV (M)	17,285.40	17,614.64	17,946.98
Year 3 PV (M)	23,125.08	23,788.92	24,465.34
Year 4 PV (M)	28,434.67	29,528.19	30,652.95
Year 5 PV (M)	33,248.78	34,854.71	36,522.10
PV of Terminal Value (M)	488,537.82	512,134.38	536,634.03
Equity Value (M)	601,510.65	628,902.85	657,306.54
Shares Outstanding (M)	38.19	38.19	38.19
Fair Value	$15,749.03	$16,466.23	$17,209.91
Upside / Downside	-15.69%	-11.85%	-7.87%

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

NHN KCP Corp. (060250.KQ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener