DDM Analysis: 6532.T

Valuation Snapshot

Stable Growth	$3,058.15 - $5,262.40	$4,008.56
Multi-Stage	$2,462.18 - $2,683.39	$2,570.81
Blended Fair Value	$3,289.69
Current Price	$8,399.00
Upside	-60.83%
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	52.85%	0.00%	50.13	41.28	31.28	20.67	11.57	6.01	6.52	3.04	0.00	1.99
YoY Growth	-	-	21.44%	31.98%	51.32%	78.67%	92.55%	-7.87%	114.65%	0.00%	-100.00%	0.00%
Dividend Yield	-	-	0.65%	1.29%	0.61%	0.51%	0.35%	0.77%	1.79%	0.72%	0.00%	1.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	34,926.00
(-) Cash Dividends Paid (M)	9,428.00
(=) Cash Retained (M)	25,498.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	6,985.20	4,365.75	2,619.45
Cash Retained (M)	25,498.00	25,498.00	25,498.00
(-) Cash Required (M)	-6,985.20	-4,365.75	-2,619.45
(=) Excess Retained (M)	18,512.80	21,132.25	22,878.55
(/) Shares Outstanding (M)	151.97	151.97	151.97
(=) Excess Retained per Share	121.82	139.05	150.54
LTM Dividend per Share	62.04	62.04	62.04
(+) Excess Retained per Share	121.82	139.05	150.54
(=) Adjusted Dividend	183.85	201.09	212.58
WACC / Discount Rate	11.84%	11.84%	11.84%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$3,058.15	$4,008.56	$5,262.40
Upside / Downside	-63.59%	-52.27%	-37.34%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	34,926.00	37,196.19	39,613.94	42,188.85	44,931.12	47,851.65	49,287.20
Payout Ratio	26.99%	39.60%	52.20%	64.80%	77.40%	90.00%	92.50%
Projected Dividends (M)	9,428.00	14,727.97	20,677.10	27,337.40	34,776.17	43,066.48	45,590.66

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	11.84%	11.84%	11.84%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	13,044.83	13,168.48	13,292.13
Year 2 PV (M)	16,221.12	16,530.08	16,841.96
Year 3 PV (M)	18,995.19	19,540.48	20,096.10
Year 4 PV (M)	21,402.47	22,225.55	23,072.14
Year 5 PV (M)	23,475.62	24,609.50	25,786.77
PV of Terminal Value (M)	281,042.83	294,617.30	308,711.31
Equity Value (M)	374,182.05	390,691.39	407,800.41
Shares Outstanding (M)	151.97	151.97	151.97
Fair Value	$2,462.18	$2,570.81	$2,683.39
Upside / Downside	-70.68%	-69.39%	-68.05%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 15 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
0R28.L	Newmont Corporation	2.49%	$1.01	15.53%
ETR	Entergy Corporation	2.49%	$2.34	57.35%
NKE	NIKE, Inc.	2.49%	$1.58	80.59%
OTTR	Otter Tail Corporation	2.49%	$2.03	30.69%
FHN	First Horizon Corporation	2.48%	$0.60	34.42%
PWP	Perella Weinberg Partners	2.48%	$0.44	69.65%
SCS	Steelcase Inc.	2.48%	$0.40	50.05%
PBI	Pitney Bowes Inc.	2.46%	$0.25	61.37%
RBCAA	Republic Bancorp, Inc.	2.45%	$1.67	25.85%
SRCE	1st Source Corporation	2.45%	$1.53	25.20%
TRMK	Trustmark Corporation	2.45%	$0.96	26.11%
VOYA	Voya Financial, Inc.	2.45%	$1.86	29.46%
AWK	American Water Works Company, Inc.	2.44%	$3.18	55.85%
LSTR	Landstar System, Inc.	2.44%	$3.58	90.21%
NGL	NGL Energy Partners LP	2.44%	$0.24	24.52%
TCFC	The Community Financial Corporation	2.44%	$0.66	12.72%
CADE	Cadence Bank	2.43%	$1.05	37.49%
JNJ	Johnson & Johnson	2.43%	$5.04	48.70%
MBCN	Middlefield Banc Corp.	2.43%	$0.83	42.36%
0L7G.L	Snap-on Incorporated	2.42%	$8.43	44.15%
ITW	Illinois Tool Works Inc.	2.42%	$6.04	58.20%
MOFG	MidWestOne Financial Group, Inc.	2.40%	$0.92	32.44%
FFIN	First Financial Bankshares, Inc.	2.39%	$0.72	42.45%
ADP	Automatic Data Processing, Inc.	2.38%	$6.03	59.30%
CAL	Caleres, Inc.	2.38%	$0.29	46.21%
ABM	ABM Industries Incorporated	2.37%	$1.01	54.79%
FUNC	First United Corporation	2.36%	$0.88	22.87%
HON	Honeywell International Inc.	2.36%	$4.63	48.21%
RILYK	B. Riley Financial, Inc. 5.50% Senior Notes Due 2026	2.36%	$0.58	56.91%
CDW	CDW Corporation	2.35%	$3.14	39.31%
CHMG	Chemung Financial Corporation	2.35%	$1.28	46.47%
LZB	La-Z-Boy Incorporated	2.35%	$0.88	40.20%
PKG	Packaging Corporation of America	2.35%	$4.97	50.31%
UNP	Union Pacific Corporation	2.35%	$5.44	45.77%
0K91.L	Northern Trust Corporation	2.34%	$3.20	35.68%
MCD	McDonald's Corporation	2.33%	$7.07	60.14%
MGEE	MGE Energy, Inc.	2.32%	$1.82	49.49%
MZTI	The Marzetti Company	2.32%	$3.82	61.80%
UNM	Unum Group	2.32%	$1.79	33.52%
RILYM	B. Riley Financial, Inc. - 6.37	2.31%	$0.58	56.91%
RILYO	B. Riley Financial, Inc. - 6.75	2.31%	$0.58	56.91%
HONIV	Honeywell International Inc. Common Stock Ex Distribution When Issued	2.30%	$4.63	48.21%
PGR	The Progressive Corporation	2.30%	$4.88	26.80%
WNEB	Western New England Bancorp, Inc.	2.30%	$0.28	43.00%
0R23.L	Halliburton Company	2.29%	$0.68	44.61%
ADS	Bread Financial Holdings, Inc.	2.29%	$1.30	21.08%
HLNE	Hamilton Lane Incorporated	2.29%	$3.13	74.09%
BSVN	Bank7 Corp.	2.28%	$0.94	20.81%
MCBC	Macatawa Bank Corporation	2.28%	$0.34	28.37%
BRKL	Brookline Bancorp, Inc.	2.27%	$0.54	61.06%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

BayCurrent Consulting, Inc. (6532.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener