DDM Analysis: 000860.KS

Valuation Snapshot

Stable Growth	$21,071.11 - $89,822.59	$52,032.70
Multi-Stage	$13,137.50 - $14,375.14	$13,744.92
Blended Fair Value	$32,888.81
Current Price	$12,100.00
Upside	171.81%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	0.22%	2.14%	278.45	264.37	263.75	263.75	250.34	275.37	275.37	250.33	250.34	250.34
YoY Growth	-	-	5.33%	0.23%	0.00%	5.36%	-9.09%	0.00%	10.00%	0.00%	0.00%	11.12%
Dividend Yield	-	-	1.23%	1.08%	1.23%	1.02%	0.82%	0.97%	1.01%	0.77%	0.70%	0.62%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,908.78
(-) Cash Dividends Paid (M)	3,797.82
(=) Cash Retained (M)	2,110.96

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,181.76	738.60	443.16
Cash Retained (M)	2,110.96	2,110.96	2,110.96
(-) Cash Required (M)	-1,181.76	-738.60	-443.16
(=) Excess Retained (M)	929.21	1,372.37	1,667.80
(/) Shares Outstanding (M)	12.98	12.98	12.98
(=) Excess Retained per Share	71.57	105.71	128.47
LTM Dividend per Share	292.54	292.54	292.54
(+) Excess Retained per Share	71.57	105.71	128.47
(=) Adjusted Dividend	364.11	398.24	421.00
WACC / Discount Rate	6.49%	6.49%	6.49%
Growth Rate	4.68%	5.68%	6.68%
Fair Value	$21,071.11	$52,032.70	$89,822.59
Upside / Downside	74.14%	330.02%	642.34%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,908.78	6,244.24	6,598.74	6,973.37	7,369.26	7,787.63	8,021.26
Payout Ratio	64.27%	69.42%	74.56%	79.71%	84.85%	90.00%	92.50%
Projected Dividends (M)	3,797.82	4,334.71	4,920.31	5,558.45	6,253.17	7,008.87	7,419.67

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.49%	6.49%	6.49%
Growth Rate	4.68%	5.68%	6.68%
Year 1 PV (M)	4,032.16	4,070.68	4,109.20
Year 2 PV (M)	4,257.44	4,339.17	4,421.68
Year 3 PV (M)	4,473.91	4,603.36	4,735.28
Year 4 PV (M)	4,681.79	4,863.28	5,049.99
Year 5 PV (M)	4,881.32	5,118.98	5,365.81
PV of Terminal Value (M)	148,229.97	155,446.88	162,942.19
Equity Value (M)	170,556.60	178,442.35	186,624.15
Shares Outstanding (M)	12.98	12.98	12.98
Fair Value	$13,137.50	$13,744.92	$14,375.14
Upside / Downside	8.57%	13.59%	18.80%

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

Kangnam Jevisco Co., Ltd (000860.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener