DDM Analysis: 9691.T

Valuation Snapshot

Stable Growth	$18,042.61 - $97,408.28	$35,351.82
Multi-Stage	$10,550.81 - $11,553.51	$11,042.93
Blended Fair Value	$23,197.38
Current Price	$3,135.00
Upside	639.95%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020
DPS	17.17%	0.00%	39.99	39.02	35.82	39.18	33.00	18.10	0.00	0.00	0.00	0.00
YoY Growth	-	-	2.48%	8.92%	-8.57%	18.73%	82.27%	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	1.28%	1.57%	1.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,717.60
(-) Cash Dividends Paid (M)	142.72
(=) Cash Retained (M)	1,574.88

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	343.52	214.70	128.82
Cash Retained (M)	1,574.88	1,574.88	1,574.88
(-) Cash Required (M)	-343.52	-214.70	-128.82
(=) Excess Retained (M)	1,231.36	1,360.18	1,446.06
(/) Shares Outstanding (M)	3.50	3.50	3.50
(=) Excess Retained per Share	351.95	388.78	413.32
LTM Dividend per Share	40.79	40.79	40.79
(+) Excess Retained per Share	351.95	388.78	413.32
(=) Adjusted Dividend	392.75	429.57	454.11
WACC / Discount Rate	7.54%	7.54%	7.54%
Growth Rate	5.25%	6.25%	7.25%
Fair Value	$18,042.61	$35,351.82	$97,408.28
Upside / Downside	475.52%	1,027.65%	3,007.12%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,717.60	1,824.96	1,939.04	2,060.24	2,189.02	2,325.85	2,395.63
Payout Ratio	8.31%	24.65%	40.99%	57.32%	73.66%	90.00%	92.50%
Projected Dividends (M)	142.72	449.81	794.73	1,181.01	1,612.47	2,093.26	2,215.95

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.54%	7.54%	7.54%
Growth Rate	5.25%	6.25%	7.25%
Year 1 PV (M)	414.33	418.26	422.20
Year 2 PV (M)	674.29	687.17	700.16
Year 3 PV (M)	923.00	949.56	976.62
Year 4 PV (M)	1,160.80	1,205.55	1,251.58
Year 5 PV (M)	1,388.05	1,455.25	1,525.03
PV of Terminal Value (M)	32,352.96	33,919.39	35,545.92
Equity Value (M)	36,913.42	38,635.18	40,421.51
Shares Outstanding (M)	3.50	3.50	3.50
Fair Value	$10,550.81	$11,042.93	$11,553.51
Upside / Downside	236.55%	252.25%	268.53%

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

Ryomo Systems Co.,Ltd. (9691.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener