DDM Analysis: 2471.T

Valuation Snapshot

Stable Growth	$1,377.02 - $4,580.35	$4,292.45
Multi-Stage	$603.70 - $660.34	$631.50
Blended Fair Value	$2,461.98
Current Price	$320.00
Upside	669.37%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	58.77%	0.00%	10.02	8.03	6.01	3.30	2.00	0.99	0.71	0.38	0.38	0.38
YoY Growth	-	-	24.72%	33.69%	82.24%	64.97%	101.28%	39.29%	86.85%	0.76%	0.49%	0.00%
Dividend Yield	-	-	3.30%	2.48%	0.93%	0.33%	0.20%	0.15%	0.19%	0.20%	0.64%	1.50%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,809.00
(-) Cash Dividends Paid (M)	789.00
(=) Cash Retained (M)	1,020.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	361.80	226.13	135.68
Cash Retained (M)	1,020.00	1,020.00	1,020.00
(-) Cash Required (M)	-361.80	-226.13	-135.68
(=) Excess Retained (M)	658.20	793.88	884.33
(/) Shares Outstanding (M)	78.55	78.55	78.55
(=) Excess Retained per Share	8.38	10.11	11.26
LTM Dividend per Share	10.05	10.05	10.05
(+) Excess Retained per Share	8.38	10.11	11.26
(=) Adjusted Dividend	18.43	20.15	21.30
WACC / Discount Rate	6.91%	6.91%	6.91%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$1,377.02	$4,292.45	$4,580.35
Upside / Downside	330.32%	1,241.39%	1,331.36%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,809.00	1,926.59	2,051.81	2,185.18	2,327.22	2,478.49	2,552.84
Payout Ratio	43.62%	52.89%	62.17%	71.45%	80.72%	90.00%	92.50%
Projected Dividends (M)	789.00	1,019.01	1,275.59	1,561.23	1,878.60	2,230.64	2,361.38

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.91%	6.91%	6.91%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	944.19	953.14	962.09
Year 2 PV (M)	1,095.14	1,116.00	1,137.05
Year 3 PV (M)	1,241.94	1,277.59	1,313.92
Year 4 PV (M)	1,384.67	1,437.92	1,492.69
Year 5 PV (M)	1,523.42	1,597.00	1,673.40
PV of Terminal Value (M)	41,228.48	43,219.83	45,287.40
Equity Value (M)	47,417.83	49,601.47	51,866.54
Shares Outstanding (M)	78.55	78.55	78.55
Fair Value	$603.70	$631.50	$660.34
Upside / Downside	88.66%	97.34%	106.36%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 21 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
GATX	GATX Corporation	1.45%	$2.47	28.36%
SF	Stifel Financial Corp.	1.45%	$1.86	30.82%
0HFN.L	Analog Devices, Inc.	1.44%	$3.90	84.88%
HAYN	Haynes International, Inc.	1.44%	$0.88	30.16%
0I58.L	Cummins Inc.	1.43%	$7.42	38.53%
0HRJ.L	CSX Corporation	1.42%	$0.51	33.32%
OLED	Universal Display Corporation	1.42%	$1.73	37.24%
BBW	Build-A-Bear Workshop, Inc.	1.41%	$0.86	19.50%
LBC	Luther Burbank Corporation	1.41%	$0.13	17.07%
SNDR	Schneider National, Inc.	1.41%	$0.38	58.72%
0R13.L	Church & Dwight Co., Inc.	1.40%	$1.16	36.55%
COHN	Cohen & Company Inc.	1.40%	$0.35	48.05%
HLI	Houlihan Lokey, Inc.	1.40%	$2.48	39.81%
PATK	Patrick Industries, Inc.	1.40%	$1.54	44.05%
CXT	Crane NXT, Co.	1.39%	$0.66	24.82%
ESBA	Empire State Realty OP, L.P.	1.39%	$0.09	49.94%
MMS	Maximus, Inc.	1.39%	$1.21	21.54%
WYNN	Wynn Resorts, Limited	1.39%	$1.70	34.98%
ATEN	A10 Networks, Inc.	1.38%	$0.24	34.61%
HYAC	Haymaker Acquisition Corp. III	1.38%	$0.16	37.41%
ISTR	Investar Holding Corporation	1.38%	$0.36	18.11%
MCY	Mercury General Corporation	1.38%	$1.27	16.00%
ACU	Acme United Corporation	1.37%	$0.55	28.31%
DE	Deere & Company	1.36%	$6.34	34.22%
HYAC-UN	Haymaker Acquisition Corp. 4	1.36%	$0.16	37.41%
RTX	RTX Corporation	1.36%	$2.56	52.52%
0HIN.L	Assurant, Inc.	1.35%	$3.22	19.47%
AL	Air Lease Corporation	1.35%	$0.86	9.51%
BGCP	BGC Partners, Inc.	1.34%	$0.06	11.88%
ESRT	Empire State Realty Trust, Inc.	1.34%	$0.09	49.94%
HUM	Humana Inc.	1.34%	$3.55	33.23%
ZEUS	Olympic Steel, Inc.	1.34%	$0.59	50.16%
0K9L.L	Nucor Corporation	1.33%	$2.22	31.04%
BY	Byline Bancorp, Inc.	1.33%	$0.39	13.97%
LPX	Louisiana-Pacific Corporation	1.33%	$1.09	35.19%
OPOF	Old Point Financial Corporation	1.33%	$0.56	32.91%
WSM	Williams-Sonoma, Inc.	1.33%	$2.50	27.85%
RUSHA	Rush Enterprises, Inc.	1.32%	$0.71	21.15%
VLEOX	Value Line Small Cap Opportunities Fund, Inc. Investor Class	1.32%	$0.79	56.29%
0IW7.L	Global Payments Inc.	1.31%	$1.01	13.82%
APO	Apollo Global Management, Inc.	1.31%	$1.92	27.59%
EMP	Entergy Mississippi, Inc. 1M BD 66	1.31%	$0.27	6.72%
NDSN	Nordson Corporation	1.31%	$3.15	36.67%
ROK	Rockwell Automation, Inc.	1.31%	$5.23	68.01%
UMBF	UMB Financial Corporation	1.31%	$1.52	18.87%
0L3I.L	The Charles Schwab Corporation	1.30%	$1.29	28.42%
0R2X.L	Corning Incorporated	1.30%	$1.15	72.69%
EBAY	eBay Inc.	1.30%	$1.13	24.20%
GGG	Graco Inc.	1.30%	$1.07	36.31%
HES	Hess Corporation	1.30%	$1.94	26.90%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

S-Pool, Inc. (2471.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener