DDM Analysis: 006280.KS

Valuation Snapshot

Stable Growth	$135,537.01 - $473,591.75	$223,846.84
Multi-Stage	$128,102.99 - $140,424.17	$134,148.43
Blended Fair Value	$178,997.63
Current Price	$129,200.00
Upside	38.54%
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	9.55%	2.86%	1,711.37	2,175.08	2,101.51	1,621.89	1,114.40	1,084.57	1,249.99	1,343.21	1,796.15	1,316.75
YoY Growth	-	-	-21.32%	3.50%	29.57%	45.54%	2.75%	-13.23%	-6.94%	-25.22%	36.41%	1.97%
Dividend Yield	-	-	1.40%	1.76%	1.72%	0.80%	0.31%	0.79%	0.87%	0.65%	1.13%	0.74%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	56,335.14
(-) Cash Dividends Paid (M)	18,831.36
(=) Cash Retained (M)	37,503.79

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	11,267.03	7,041.89	4,225.14
Cash Retained (M)	37,503.79	37,503.79	37,503.79
(-) Cash Required (M)	-11,267.03	-7,041.89	-4,225.14
(=) Excess Retained (M)	26,236.76	30,461.89	33,278.65
(/) Shares Outstanding (M)	11.41	11.41	11.41
(=) Excess Retained per Share	2,298.80	2,668.99	2,915.79
LTM Dividend per Share	1,649.96	1,649.96	1,649.96
(+) Excess Retained per Share	2,298.80	2,668.99	2,915.79
(=) Adjusted Dividend	3,948.75	4,318.95	4,565.75
WACC / Discount Rate	6.61%	6.61%	6.61%
Growth Rate	3.59%	4.59%	5.59%
Fair Value	$135,537.01	$223,846.84	$473,591.75
Upside / Downside	4.90%	73.26%	266.56%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	56,335.14	58,919.60	61,622.62	64,449.65	67,406.37	70,498.73	72,613.70
Payout Ratio	33.43%	44.74%	56.06%	67.37%	78.69%	90.00%	92.50%
Projected Dividends (M)	18,831.36	26,361.75	34,543.44	43,420.34	53,039.02	63,448.86	67,167.67

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.61%	6.61%	6.61%
Growth Rate	3.59%	4.59%	5.59%
Year 1 PV (M)	24,491.86	24,728.30	24,964.73
Year 2 PV (M)	29,816.78	30,395.25	30,979.26
Year 3 PV (M)	34,820.59	35,838.79	36,876.66
Year 4 PV (M)	39,517.19	41,065.37	42,658.60
Year 5 PV (M)	43,919.96	46,081.23	48,326.76
PV of Terminal Value (M)	1,289,505.03	1,352,960.63	1,418,890.10
Equity Value (M)	1,462,071.41	1,531,069.57	1,602,696.11
Shares Outstanding (M)	11.41	11.41	11.41
Fair Value	$128,102.99	$134,148.43	$140,424.17
Upside / Downside	-0.85%	3.83%	8.69%

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

GC Biopharma Corp. (006280.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener