DDM Analysis: 2427.T

Valuation Snapshot

Stable Growth	$2,638.65 - $8,782.06	$8,230.07
Multi-Stage	$1,168.40 - $1,277.39	$1,221.90
Blended Fair Value	$4,725.99
Current Price	$1,740.00
Upside	171.61%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
DPS	10.20%	32.57%	24.99	30.99	9.99	23.96	20.92	15.38	5.82	4.84	3.18	1.85
YoY Growth	-	-	-19.36%	210.09%	-58.30%	14.53%	36.09%	164.26%	20.16%	52.09%	72.16%	24.10%
Dividend Yield	-	-	1.44%	2.39%	0.79%	1.34%	4.45%	1.11%	0.31%	0.55%	0.41%	0.50%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,563.00
(-) Cash Dividends Paid (M)	3,148.00
(=) Cash Retained (M)	2,415.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,112.60	695.38	417.23
Cash Retained (M)	2,415.00	2,415.00	2,415.00
(-) Cash Required (M)	-1,112.60	-695.38	-417.23
(=) Excess Retained (M)	1,302.40	1,719.63	1,997.78
(/) Shares Outstanding (M)	125.98	125.98	125.98
(=) Excess Retained per Share	10.34	13.65	15.86
LTM Dividend per Share	24.99	24.99	24.99
(+) Excess Retained per Share	10.34	13.65	15.86
(=) Adjusted Dividend	35.33	38.64	40.85
WACC / Discount Rate	6.91%	6.91%	6.91%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$2,638.65	$8,230.07	$8,782.06
Upside / Downside	51.65%	372.99%	404.72%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,563.00	5,924.60	6,309.69	6,719.82	7,156.61	7,621.79	7,850.45
Payout Ratio	56.59%	63.27%	69.95%	76.64%	83.32%	90.00%	92.50%
Projected Dividends (M)	3,148.00	3,748.52	4,413.81	5,149.76	5,962.72	6,859.61	7,261.66

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)	3,473.24	3,506.16	3,539.08
Year 2 PV (M)	3,789.34	3,861.51	3,934.37
Year 3 PV (M)	4,096.47	4,214.07	4,333.89
Year 4 PV (M)	4,394.83	4,563.85	4,737.69
Year 5 PV (M)	4,684.60	4,910.86	5,145.79
PV of Terminal Value (M)	126,753.06	132,875.28	139,231.81
Equity Value (M)	147,191.54	153,931.74	160,922.64
Shares Outstanding (M)	125.98	125.98	125.98
Fair Value	$1,168.40	$1,221.90	$1,277.39
Upside / Downside	-32.85%	-29.78%	-26.59%

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

OUTSOURCING Inc. (2427.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener