DDM Analysis: 4151.T

Valuation Snapshot

Stable Growth	$7,758.05 - $14,570.18	$13,654.39
Multi-Stage	$2,345.88 - $2,564.72	$2,453.30
Blended Fair Value	$8,053.84
Current Price	$2,465.50
Upside	226.66%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	7.33%	8.49%	58.92	55.36	48.17	46.11	45.07	41.36	30.80	26.09	26.09	26.09
YoY Growth	-	-	6.44%	14.92%	4.48%	2.31%	8.96%	34.31%	18.02%	0.01%	-0.01%	-0.01%
Dividend Yield	-	-	2.71%	2.10%	1.67%	1.62%	1.36%	1.71%	1.28%	1.12%	1.48%	1.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	38,413.00
(-) Cash Dividends Paid (M)	30,481.00
(=) Cash Retained (M)	7,932.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	7,682.60	4,801.63	2,880.98
Cash Retained (M)	7,932.00	7,932.00	7,932.00
(-) Cash Required (M)	-7,682.60	-4,801.63	-2,880.98
(=) Excess Retained (M)	249.40	3,130.38	5,051.03
(/) Shares Outstanding (M)	524.32	524.32	524.32
(=) Excess Retained per Share	0.48	5.97	9.63
LTM Dividend per Share	58.13	58.13	58.13
(+) Excess Retained per Share	0.48	5.97	9.63
(=) Adjusted Dividend	58.61	64.11	67.77
WACC / Discount Rate	6.30%	6.30%	6.30%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$7,758.05	$13,654.39	$14,570.18
Upside / Downside	214.66%	453.82%	490.96%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	38,413.00	40,909.85	43,568.98	46,400.97	49,417.03	52,629.14	54,208.01
Payout Ratio	79.35%	81.48%	83.61%	85.74%	87.87%	90.00%	92.50%
Projected Dividends (M)	30,481.00	33,333.58	36,428.22	39,784.33	43,422.82	47,366.23	50,142.41

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.30%	6.30%	6.30%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	31,064.45	31,358.90	31,653.35
Year 2 PV (M)	31,637.45	32,240.05	32,848.34
Year 3 PV (M)	32,200.10	33,124.45	34,066.32
Year 4 PV (M)	32,752.53	34,012.10	35,307.66
Year 5 PV (M)	33,294.87	34,903.03	36,572.73
PV of Terminal Value (M)	1,069,032.51	1,120,667.18	1,174,278.03
Equity Value (M)	1,229,981.92	1,286,305.72	1,344,726.44
Shares Outstanding (M)	524.32	524.32	524.32
Fair Value	$2,345.88	$2,453.30	$2,564.72
Upside / Downside	-4.85%	-0.49%	4.02%

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

Mode

Ticker

Industry

Sector

Kyowa Kirin Co., Ltd. (4151.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener