DDM Analysis: 2059.TW

Valuation Snapshot

Stable Growth	$1,453.26 - $3,498.65	$2,154.67
Multi-Stage	$1,020.36 - $1,114.74	$1,066.69
Blended Fair Value	$1,610.68
Current Price	$2,035.00
Upside	-20.85%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	8.36%	6.58%	14.17	19.97	10.86	6.11	7.99	9.48	4.99	8.24	10.08	8.99
YoY Growth	-	-	-29.05%	83.82%	77.78%	-23.50%	-15.79%	90.00%	-39.39%	-18.32%	12.22%	20.00%
Dividend Yield	-	-	0.86%	1.58%	2.82%	1.40%	2.42%	3.25%	1.45%	2.05%	2.32%	2.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,437.83
(-) Cash Dividends Paid (M)	1,352.27
(=) Cash Retained (M)	5,085.56

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,287.57	804.73	482.84
Cash Retained (M)	5,085.56	5,085.56	5,085.56
(-) Cash Required (M)	-1,287.57	-804.73	-482.84
(=) Excess Retained (M)	3,798.00	4,280.83	4,602.72
(/) Shares Outstanding (M)	95.46	95.46	95.46
(=) Excess Retained per Share	39.79	44.85	48.22
LTM Dividend per Share	14.17	14.17	14.17
(+) Excess Retained per Share	39.79	44.85	48.22
(=) Adjusted Dividend	53.95	59.01	62.38
WACC / Discount Rate	9.42%	9.42%	9.42%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$1,453.26	$2,154.67	$3,498.65
Upside / Downside	-28.59%	5.88%	71.92%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,437.83	6,856.28	7,301.94	7,776.57	8,282.05	8,820.38	9,084.99
Payout Ratio	21.00%	34.80%	48.60%	62.40%	76.20%	90.00%	92.50%
Projected Dividends (M)	1,352.27	2,386.26	3,548.96	4,852.73	6,311.00	7,938.34	8,403.62

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.42%	9.42%	9.42%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	2,160.41	2,180.89	2,201.37
Year 2 PV (M)	2,908.97	2,964.37	3,020.31
Year 3 PV (M)	3,601.16	3,704.54	3,809.87
Year 4 PV (M)	4,240.07	4,403.13	4,570.85
Year 5 PV (M)	4,828.62	5,061.85	5,304.00
PV of Terminal Value (M)	79,659.66	83,507.25	87,502.10
Equity Value (M)	97,398.89	101,822.03	106,408.49
Shares Outstanding (M)	95.46	95.46	95.46
Fair Value	$1,020.36	$1,066.69	$1,114.74
Upside / Downside	-49.86%	-47.58%	-45.22%

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

King Slide Works Co., Ltd. (2059.TW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener