DDM Analysis: 3086.T

Valuation Snapshot

Stable Growth	$1,608.70 - $2,841.03	$2,131.07
Multi-Stage	$3,062.75 - $3,366.91	$3,211.89
Blended Fair Value	$2,671.48
Current Price	$2,301.50
Upside	16.08%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	2.91%	5.56%	42.73	32.94	30.85	32.88	27.79	37.01	36.98	30.81	28.77	26.84
YoY Growth	-	-	29.72%	6.77%	-6.18%	18.31%	-24.90%	0.07%	20.03%	7.08%	7.21%	7.95%
Dividend Yield	-	-	2.10%	2.16%	2.26%	3.16%	2.58%	4.04%	3.26%	1.80%	1.84%	2.02%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	30,685.00
(-) Cash Dividends Paid (M)	13,397.00
(=) Cash Retained (M)	17,288.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	6,137.00	3,835.63	2,301.38
Cash Retained (M)	17,288.00	17,288.00	17,288.00
(-) Cash Required (M)	-6,137.00	-3,835.63	-2,301.38
(=) Excess Retained (M)	11,151.00	13,452.38	14,986.63
(/) Shares Outstanding (M)	253.88	253.88	253.88
(=) Excess Retained per Share	43.92	52.99	59.03
LTM Dividend per Share	52.77	52.77	52.77
(+) Excess Retained per Share	43.92	52.99	59.03
(=) Adjusted Dividend	96.69	105.76	111.80
WACC / Discount Rate	6.18%	6.18%	6.18%
Growth Rate	0.16%	1.16%	2.16%
Fair Value	$1,608.70	$2,131.07	$2,841.03
Upside / Downside	-30.10%	-7.41%	23.44%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	30,685.00	31,040.92	31,400.97	31,765.19	32,133.64	32,506.36	33,481.56
Payout Ratio	43.66%	52.93%	62.20%	71.46%	80.73%	90.00%	92.50%
Projected Dividends (M)	13,397.00	16,429.28	19,530.10	22,700.65	25,942.12	29,255.73	30,970.44

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.18%	6.18%	6.18%
Growth Rate	0.16%	1.16%	2.16%
Year 1 PV (M)	15,320.07	15,473.02	15,625.98
Year 2 PV (M)	16,982.00	17,322.79	17,666.97
Year 3 PV (M)	18,406.22	18,963.05	19,531.00
Year 4 PV (M)	19,614.35	20,409.48	21,228.55
Year 5 PV (M)	20,626.31	21,676.75	22,769.55
PV of Terminal Value (M)	686,609.97	721,576.94	757,954.23
Equity Value (M)	777,558.92	815,422.04	854,776.27
Shares Outstanding (M)	253.88	253.88	253.88
Fair Value	$3,062.75	$3,211.89	$3,366.91
Upside / Downside	33.08%	39.56%	46.29%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 12 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
SO	The Southern Company	3.09%	$2.69	67.01%
CFR	Cullen/Frost Bankers, Inc.	3.08%	$3.94	39.68%
CMS	CMS Energy Corporation	3.08%	$2.17	62.27%
SJW	SJW Group	3.08%	$1.60	52.08%
SNV	Synovus Financial Corp.	3.08%	$1.54	27.05%
0HCT.L	Alliant Energy Corporation	3.07%	$1.99	62.84%
0M3L.L	Zions Bancorporation, National Association	3.07%	$1.79	31.01%
IVZ	Invesco Ltd.	3.07%	$0.83	35.83%
SWX	Southwest Gas Holdings, Inc.	3.07%	$2.46	38.44%
PEG	Public Service Enterprise Group Incorporated	3.06%	$2.48	59.65%
CASS	Cass Information Systems, Inc.	3.05%	$1.24	52.58%
CIVB	Civista Bancshares, Inc.	3.05%	$0.67	25.26%
TXN	Texas Instruments Incorporated	3.05%	$5.41	98.14%
CTRE	CareTrust REIT, Inc.	3.04%	$1.10	89.62%
UCB	United Community Banks, Inc.	3.04%	$0.95	36.76%
DRI	Darden Restaurants, Inc.	3.03%	$5.68	60.69%
HMN	Horace Mann Educators Corporation	3.02%	$1.36	34.55%
VG	Venture Global, Inc.	3.02%	$0.21	24.09%
HFBL	Home Federal Bancorp, Inc. of Louisiana	3.01%	$0.54	35.96%
TOWN	TowneBank	3.01%	$1.00	45.24%
GBCI	Glacier Bancorp, Inc.	3.00%	$1.34	64.06%
MBWM	Mercantile Bank Corporation	3.00%	$1.43	27.14%
PPL	PPL Corporation	3.00%	$1.05	71.70%
DTSQ	DT Cloud Star Acquisition Corporation	2.99%	$0.32	87.02%
EBMT	Eagle Bancorp Montana, Inc.	2.99%	$0.58	33.76%
INDB	Independent Bank Corp.	2.99%	$2.19	35.86%
ESSA	ESSA Bancorp, Inc.	2.98%	$0.61	39.75%
RDN	Radian Group Inc.	2.98%	$1.07	25.60%
0K0X.L	MetLife, Inc.	2.96%	$2.36	41.08%
CUBB	Customers Bancorp, Inc 5.375% S	2.96%	$0.66	12.54%
HBB	Hamilton Beach Brands Holding Company	2.96%	$0.47	20.02%
SD	SandRidge Energy, Inc.	2.96%	$0.44	24.38%
STRW	Strawberry Fields REIT LLC	2.95%	$0.38	70.76%
INGR	Ingredion Incorporated	2.94%	$3.23	32.02%
JWN	Nordstrom, Inc.	2.94%	$0.73	42.03%
PKBK	Parke Bancorp, Inc.	2.94%	$0.71	25.08%
0JW2.L	M&T Bank Corporation	2.93%	$5.91	33.38%
EIG	Employers Holdings, Inc.	2.93%	$1.26	48.48%
MYE	Myers Industries, Inc.	2.93%	$0.55	73.41%
RM	Regional Management Corp.	2.93%	$1.15	28.16%
HSY	The Hershey Company	2.92%	$5.33	79.75%
STZ	Constellation Brands, Inc.	2.92%	$4.12	59.24%
AROC	Archrock, Inc.	2.91%	$0.77	51.05%
JXN	Jackson Financial Inc.	2.91%	$3.13	38.19%
OSPN	OneSpan Inc.	2.91%	$0.36	23.87%
0LC6.L	Sysco Corporation	2.90%	$2.10	55.57%
EXE	Expand Energy Corporation	2.89%	$3.17	87.89%
PG	The Procter & Gamble Company	2.89%	$4.09	59.50%
RES	RPC, Inc.	2.89%	$0.16	72.96%
0M1R.L	Xcel Energy Inc.	2.88%	$2.16	65.69%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

J. Front Retailing Co., Ltd. (3086.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener