DDM Analysis: 043150.KQ

Valuation Snapshot

Stable Growth	$73,010.10 - $179,831.58	$109,058.99
Multi-Stage	$51,749.64 - $56,625.31	$54,142.85
Blended Fair Value	$81,600.92
Current Price	$22,150.00
Upside	268.40%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	7.51%	3.83%	143.65	100.01	100.01	100.01	100.01	100.01	100.01	100.01	100.01	100.01
YoY Growth	-	-	43.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.36%
Dividend Yield	-	-	0.71%	0.32%	0.31%	0.25%	0.33%	0.46%	0.40%	0.25%	0.36%	0.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	49,389.18
(-) Cash Dividends Paid (M)	1,485.43
(=) Cash Retained (M)	47,903.75

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	9,877.84	6,173.65	3,704.19
Cash Retained (M)	47,903.75	47,903.75	47,903.75
(-) Cash Required (M)	-9,877.84	-6,173.65	-3,704.19
(=) Excess Retained (M)	38,025.92	41,730.10	44,199.56
(/) Shares Outstanding (M)	14.85	14.85	14.85
(=) Excess Retained per Share	2,560.06	2,809.45	2,975.70
LTM Dividend per Share	100.01	100.01	100.01
(+) Excess Retained per Share	2,560.06	2,809.45	2,975.70
(=) Adjusted Dividend	2,660.07	2,909.45	3,075.71
WACC / Discount Rate	9.06%	9.06%	9.06%
Growth Rate	5.23%	6.23%	7.23%
Fair Value	$73,010.10	$109,058.99	$179,831.58
Upside / Downside	229.62%	392.37%	711.88%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	49,389.18	52,466.23	55,734.99	59,207.40	62,896.15	66,814.72	68,819.16
Payout Ratio	3.01%	20.41%	37.80%	55.20%	72.60%	90.00%	92.50%
Projected Dividends (M)	1,485.43	10,706.30	21,070.37	32,684.28	45,663.56	60,133.25	63,657.72

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.06%	9.06%	9.06%
Growth Rate	5.23%	6.23%	7.23%
Year 1 PV (M)	9,724.10	9,816.51	9,908.92
Year 2 PV (M)	17,381.71	17,713.63	18,048.70
Year 3 PV (M)	24,488.91	25,193.72	25,911.92
Year 4 PV (M)	31,074.95	32,273.11	33,505.59
Year 5 PV (M)	37,167.68	38,967.59	40,836.55
PV of Terminal Value (M)	648,825.89	680,246.30	712,872.34
Equity Value (M)	768,663.25	804,210.86	841,084.03
Shares Outstanding (M)	14.85	14.85	14.85
Fair Value	$51,749.64	$54,142.85	$56,625.31
Upside / Downside	133.63%	144.44%	155.64%

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

Value Added Technology Co., Ltd. (043150.KQ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener