DDM Analysis: 015230.KS

Valuation Snapshot

Stable Growth	$102,147.86 - $249,747.05	$234,049.56
Multi-Stage	$35,790.92 - $39,206.74	$37,467.33
Blended Fair Value	$135,758.45
Current Price	$6,100.00
Upside	2,125.55%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	18.53%	8.83%	184.73	205.26	149.65	97.12	118.60	78.95	91.13	103.02	103.02	160.01
YoY Growth	-	-	-10.00%	37.15%	54.09%	-18.11%	50.22%	-13.36%	-11.54%	0.00%	-35.62%	101.92%
Dividend Yield	-	-	3.91%	3.72%	2.28%	2.13%	2.86%	4.11%	3.30%	3.04%	2.79%	5.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	31,691.98
(-) Cash Dividends Paid (M)	4,034.06
(=) Cash Retained (M)	27,657.91

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	6,338.40	3,961.50	2,376.90
Cash Retained (M)	27,657.91	27,657.91	27,657.91
(-) Cash Required (M)	-6,338.40	-3,961.50	-2,376.90
(=) Excess Retained (M)	21,319.52	23,696.41	25,281.01
(/) Shares Outstanding (M)	25.24	25.24	25.24
(=) Excess Retained per Share	844.79	938.97	1,001.76
LTM Dividend per Share	159.85	159.85	159.85
(+) Excess Retained per Share	844.79	938.97	1,001.76
(=) Adjusted Dividend	1,004.64	1,098.82	1,161.61
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$102,147.86	$234,049.56	$249,747.05
Upside / Downside	1,574.56%	3,736.88%	3,994.21%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	31,691.98	33,751.95	35,945.83	38,282.31	40,770.66	43,420.75	44,723.37
Payout Ratio	12.73%	28.18%	43.64%	59.09%	74.55%	90.00%	92.50%
Projected Dividends (M)	4,034.06	9,512.37	15,685.82	22,621.63	30,392.81	39,078.68	41,369.12

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	8,844.82	8,928.65	9,012.49
Year 2 PV (M)	13,561.48	13,819.79	14,080.53
Year 3 PV (M)	18,185.43	18,707.47	19,239.40
Year 4 PV (M)	22,718.02	23,591.69	24,490.32
Year 5 PV (M)	27,160.60	28,472.47	29,834.55
PV of Terminal Value (M)	812,767.14	852,024.09	892,783.51
Equity Value (M)	903,237.49	945,544.16	989,440.80
Shares Outstanding (M)	25.24	25.24	25.24
Fair Value	$35,790.92	$37,467.33	$39,206.74
Upside / Downside	486.74%	514.22%	542.73%

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

Daechang Forging Co., Ltd. (015230.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener