DDM Analysis: 006890.KS

Valuation Snapshot

Stable Growth	$9,866.80 - $19,347.13	$13,611.74
Multi-Stage	$15,453.16 - $16,978.15	$16,201.07
Blended Fair Value	$14,906.40
Current Price	$9,130.00
Upside	63.27%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.57%	2.68%	199.72	199.72	219.70	199.72	151.13	152.30	153.31	153.31	153.31	153.31
YoY Growth	-	-	0.00%	-9.09%	10.00%	32.15%	-0.76%	-0.66%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	1.75%	1.46%	1.54%	1.35%	1.10%	3.28%	2.45%	3.25%	3.04%	2.39%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,931.40
(-) Cash Dividends Paid (M)	2,040.10
(=) Cash Retained (M)	4,891.30

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,386.28	866.43	519.86
Cash Retained (M)	4,891.30	4,891.30	4,891.30
(-) Cash Required (M)	-1,386.28	-866.43	-519.86
(=) Excess Retained (M)	3,505.02	4,024.88	4,371.45
(/) Shares Outstanding (M)	11.35	11.35	11.35
(=) Excess Retained per Share	308.82	354.63	385.16
LTM Dividend per Share	179.75	179.75	179.75
(+) Excess Retained per Share	308.82	354.63	385.16
(=) Adjusted Dividend	488.57	534.38	564.91
WACC / Discount Rate	6.33%	6.33%	6.33%
Growth Rate	1.31%	2.31%	3.31%
Fair Value	$9,866.80	$13,611.74	$19,347.13
Upside / Downside	8.07%	49.09%	111.91%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,931.40	7,091.42	7,255.13	7,422.62	7,593.98	7,769.29	8,002.37
Payout Ratio	29.43%	41.55%	53.66%	65.77%	77.89%	90.00%	92.50%
Projected Dividends (M)	2,040.10	2,946.21	3,893.08	4,882.09	5,914.69	6,992.36	7,402.19

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.33%	6.33%	6.33%
Growth Rate	1.31%	2.31%	3.31%
Year 1 PV (M)	2,743.87	2,770.95	2,798.03
Year 2 PV (M)	3,376.68	3,443.67	3,511.32
Year 3 PV (M)	3,943.67	4,061.61	4,181.88
Year 4 PV (M)	4,449.65	4,627.96	4,811.57
Year 5 PV (M)	4,899.10	5,145.71	5,402.16
PV of Terminal Value (M)	155,974.47	163,825.93	171,990.45
Equity Value (M)	175,387.44	183,875.84	192,695.41
Shares Outstanding (M)	11.35	11.35	11.35
Fair Value	$15,453.16	$16,201.07	$16,978.15
Upside / Downside	69.26%	77.45%	85.96%

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

Taekyung Chemical Co., Ltd. (006890.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener