DDM Analysis: 200130.KQ

Valuation Snapshot

Stable Growth	$44,715.35 - $97,679.31	$91,539.81
Multi-Stage	$14,954.20 - $16,355.49	$15,642.02
Blended Fair Value	$53,590.92
Current Price	$14,480.00
Upside	270.10%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	8.74%	35.73%	313.97	322.39	401.89	330.41	260.74	206.51	165.20	134.23	64.53	0.00
YoY Growth	-	-	-2.61%	-19.78%	21.63%	26.72%	26.27%	25.00%	23.08%	108.00%	0.00%	-100.00%
Dividend Yield	-	-	2.59%	2.05%	1.70%	1.01%	0.47%	0.89%	0.56%	0.42%	0.38%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	14,052.44
(-) Cash Dividends Paid (M)	8,729.84
(=) Cash Retained (M)	5,322.60

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,810.49	1,756.55	1,053.93
Cash Retained (M)	5,322.60	5,322.60	5,322.60
(-) Cash Required (M)	-2,810.49	-1,756.55	-1,053.93
(=) Excess Retained (M)	2,512.11	3,566.05	4,268.67
(/) Shares Outstanding (M)	28.61	28.61	28.61
(=) Excess Retained per Share	87.80	124.64	149.20
LTM Dividend per Share	305.12	305.12	305.12
(+) Excess Retained per Share	87.80	124.64	149.20
(=) Adjusted Dividend	392.93	429.76	454.32
WACC / Discount Rate	6.43%	6.43%	6.43%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$44,715.35	$91,539.81	$97,679.31
Upside / Downside	208.81%	532.18%	574.58%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	14,052.44	14,965.84	15,938.62	16,974.63	18,077.99	19,253.06	19,830.65
Payout Ratio	62.12%	67.70%	73.27%	78.85%	84.42%	90.00%	92.50%
Projected Dividends (M)	8,729.84	10,131.67	11,678.86	13,384.38	15,262.28	17,327.75	18,343.35

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.43%	6.43%	6.43%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	9,430.44	9,519.83	9,609.22
Year 2 PV (M)	10,118.17	10,310.90	10,505.44
Year 3 PV (M)	10,793.21	11,103.05	11,418.75
Year 4 PV (M)	11,455.72	11,896.28	12,349.42
Year 5 PV (M)	12,105.87	12,690.59	13,297.69
PV of Terminal Value (M)	373,947.58	392,009.39	410,762.46
Equity Value (M)	427,851.00	447,530.03	467,942.98
Shares Outstanding (M)	28.61	28.61	28.61
Fair Value	$14,954.20	$15,642.02	$16,355.49
Upside / Downside	3.27%	8.03%	12.95%

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

Analysis Mode

Ticker

Industry

Sector

Kolmar BNH Co., Ltd. (200130.KQ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener