DDM Analysis: 9717.T

Valuation Snapshot

Stable Growth	$3,399.52 - $14,811.26	$5,909.29
Multi-Stage	$2,426.71 - $2,657.08	$2,539.77
Blended Fair Value	$4,224.53
Current Price	$1,938.84
Upside	117.89%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
DPS	10.61%	5.11%	49.20	48.51	77.14	29.48	29.37	29.72	29.56	30.29	30.17	29.85
YoY Growth	-	-	1.42%	-37.12%	161.73%	0.35%	-1.16%	0.54%	-2.43%	0.42%	1.06%	-0.12%
Dividend Yield	-	-	3.58%	3.90%	7.31%	2.40%	3.25%	3.04%	2.34%	2.89%	3.46%	3.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,927.00
(-) Cash Dividends Paid (M)	424.03
(=) Cash Retained (M)	1,502.98

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	385.40	240.88	144.53
Cash Retained (M)	1,502.98	1,502.98	1,502.98
(-) Cash Required (M)	-385.40	-240.88	-144.53
(=) Excess Retained (M)	1,117.58	1,262.10	1,358.45
(/) Shares Outstanding (M)	17.32	17.32	17.32
(=) Excess Retained per Share	64.54	72.89	78.45
LTM Dividend per Share	24.49	24.49	24.49
(+) Excess Retained per Share	64.54	72.89	78.45
(=) Adjusted Dividend	89.03	97.37	102.94
WACC / Discount Rate	7.42%	7.42%	7.42%
Growth Rate	4.68%	5.68%	6.68%
Fair Value	$3,399.52	$5,909.29	$14,811.26
Upside / Downside	75.34%	204.78%	663.92%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,927.00	2,036.48	2,152.17	2,274.44	2,403.65	2,540.21	2,616.41
Payout Ratio	22.00%	35.60%	49.20%	62.80%	76.40%	90.00%	92.50%
Projected Dividends (M)	424.03	725.06	1,058.93	1,428.39	1,836.41	2,286.19	2,420.18

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.42%	7.42%	7.42%
Growth Rate	4.68%	5.68%	6.68%
Year 1 PV (M)	668.57	674.96	681.35
Year 2 PV (M)	900.36	917.64	935.09
Year 3 PV (M)	1,119.88	1,152.29	1,185.31
Year 4 PV (M)	1,327.62	1,379.08	1,432.02
Year 5 PV (M)	1,524.02	1,598.21	1,675.27
PV of Terminal Value (M)	36,480.06	38,256.11	40,100.67
Equity Value (M)	42,020.51	43,978.29	46,009.71
Shares Outstanding (M)	17.32	17.32	17.32
Fair Value	$2,426.71	$2,539.77	$2,657.08
Upside / Downside	25.16%	30.99%	37.05%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 14 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
UVSP	Univest Financial Corporation	2.69%	$0.87	28.95%
VBTX	Veritex Holdings, Inc.	2.69%	$0.81	38.53%
CBT	Cabot Corporation	2.68%	$1.80	29.00%
PKOH	Park-Ohio Holdings Corp.	2.68%	$0.56	33.19%
WINA	Winmark Corporation	2.68%	$10.76	96.24%
CHCO	City Holding Company	2.67%	$3.20	36.27%
IDA	IDACORP, Inc.	2.67%	$3.40	58.98%
LFVN	LifeVantage Corporation	2.67%	$0.16	18.67%
MMM	3M Company	2.67%	$4.31	68.77%
MSEX	Middlesex Water Company	2.67%	$1.34	56.69%
ONB	Old National Bancorp	2.67%	$0.60	35.48%
0HQU.L	CF Industries Holdings, Inc.	2.66%	$2.07	24.22%
MGY	Magnolia Oil & Gas Corporation	2.66%	$0.60	32.28%
PEBK	Peoples Bancorp of North Carolina, Inc.	2.66%	$0.95	30.99%
GSBC	Great Southern Bancorp, Inc.	2.65%	$1.63	26.64%
HD	The Home Depot, Inc.	2.65%	$9.15	62.39%
MVBF	MVB Financial Corp.	2.65%	$0.68	27.31%
PPG	PPG Industries, Inc.	2.65%	$2.76	62.85%
TWMIX	American Century Emerging Markets Investor Class	2.64%	$0.40	76.80%
0M2A.L	Adeia Inc.	2.63%	$0.35	53.29%
ALLY	Ally Financial Inc.	2.63%	$1.20	59.56%
FRAF	Franklin Financial Services Corporation	2.63%	$1.28	36.88%
LEA	Lear Corporation	2.63%	$3.12	37.81%
VHI	Valhi, Inc.	2.63%	$0.32	49.46%
FHI	Federated Hermes, Inc.	2.62%	$1.37	27.23%
MKC	McCormick & Company, Incorporated	2.62%	$1.76	61.04%
SLB	SLB N.V.	2.62%	$1.05	42.94%
BAH	Booz Allen Hamilton Holding Corporation	2.61%	$2.22	33.15%
GILD	Gilead Sciences, Inc.	2.61%	$3.18	49.10%
AWR	American States Water Company	2.60%	$1.88	55.89%
CBAN	Colony Bankcorp, Inc.	2.59%	$0.46	28.75%
MDU	MDU Resources Group, Inc.	2.59%	$0.51	62.41%
PLBC	Plumas Bancorp	2.59%	$1.14	27.38%
CRD-A	Crawford & Company	2.58%	$0.28	43.18%
WBS	Webster Financial Corporation	2.57%	$1.64	29.21%
FANG	Diamondback Energy, Inc.	2.56%	$3.90	26.98%
JEF	Jefferies Financial Group Inc.	2.56%	$1.63	49.77%
UNH	UnitedHealth Group Incorporated	2.56%	$8.60	44.61%
DOX	Amdocs Limited	2.55%	$2.04	39.68%
DVN	Devon Energy Corporation	2.55%	$0.96	22.55%
TGNA	TEGNA Inc.	2.55%	$0.49	23.26%
CFFI	C&F Financial Corporation	2.54%	$1.80	22.24%
MTH	Meritage Homes Corporation	2.54%	$1.68	21.92%
DTM	DT Midstream, Inc.	2.52%	$3.04	77.42%
LEVI	Levi Strauss & Co.	2.52%	$0.52	34.78%
NFG	National Fuel Gas Company	2.52%	$2.07	36.34%
AMNB	American National Bankshares Inc.	2.51%	$1.20	48.76%
HIMYX	Pioneer High Income Municipal Fund Class Y	2.51%	$0.14	81.31%
ACNB	ACNB Corporation	2.50%	$1.18	37.66%
FMBH	First Mid Bancshares, Inc.	2.50%	$0.96	26.52%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

JASTEC Co., Ltd. (9717.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener