DDM Analysis: 120030.KS

Valuation Snapshot

Stable Growth	$76,686.20 - $106,396.90	$91,585.49
Multi-Stage	$152,981.45 - $168,971.93	$160,814.61
Blended Fair Value	$126,200.05
Current Price	$105,400.00
Upside	19.73%
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	-21.14%	0.00%	527.95	1,598.09	1,605.70	1,653.37	1,681.80	1,730.86	1,836.98	1,927.39	0.00	0.00
YoY Growth	-	-	-66.96%	-0.47%	-2.88%	-1.69%	-2.83%	-5.78%	-4.69%	0.00%	0.00%	0.00%
Dividend Yield	-	-	0.56%	1.64%	1.61%	1.45%	1.24%	2.24%	2.25%	2.58%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	12,860.17
(-) Cash Dividends Paid (M)	475.04
(=) Cash Retained (M)	12,385.13

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,572.03	1,607.52	964.51
Cash Retained (M)	12,385.13	12,385.13	12,385.13
(-) Cash Required (M)	-2,572.03	-1,607.52	-964.51
(=) Excess Retained (M)	9,813.09	10,777.61	11,420.62
(/) Shares Outstanding (M)	0.95	0.95	0.95
(=) Excess Retained per Share	10,361.23	11,379.62	12,058.54
LTM Dividend per Share	501.58	501.58	501.58
(+) Excess Retained per Share	10,361.23	11,379.62	12,058.54
(=) Adjusted Dividend	10,862.81	11,881.20	12,560.12
WACC / Discount Rate	8.16%	8.16%	8.16%
Growth Rate	-5.26%	-4.26%	-3.26%
Fair Value	$76,686.20	$91,585.49	$106,396.90
Upside / Downside	-27.24%	-13.11%	0.95%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	12,860.17	12,312.06	11,787.30	11,284.92	10,803.94	10,343.47	10,653.77
Payout Ratio	3.69%	20.96%	38.22%	55.48%	72.74%	90.00%	92.50%
Projected Dividends (M)	475.04	2,580.01	4,504.68	6,260.60	7,858.66	9,309.12	9,854.74

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.16%	8.16%	8.16%
Growth Rate	-5.26%	-4.26%	-3.26%
Year 1 PV (M)	2,360.49	2,385.41	2,410.33
Year 2 PV (M)	3,770.75	3,850.78	3,931.64
Year 3 PV (M)	4,794.71	4,948.15	5,104.82
Year 4 PV (M)	5,506.51	5,742.72	5,986.44
Year 5 PV (M)	5,967.87	6,289.56	6,624.97
PV of Terminal Value (M)	122,488.01	129,090.51	135,974.70
Equity Value (M)	144,888.35	152,307.11	160,032.89
Shares Outstanding (M)	0.95	0.95	0.95
Fair Value	$152,981.45	$160,814.61	$168,971.93
Upside / Downside	45.14%	52.58%	60.31%

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

CHOSUN WELDING POHANG Co., Ltd (120030.KS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener