DDM Analysis: 2476.TW

Valuation Snapshot

Stable Growth	$114.43 - $481.86	$197.46
Multi-Stage	$103.29 - $113.15	$108.13
Blended Fair Value	$152.80
Current Price	$105.00
Upside	45.52%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	17.17%	5.11%	2.34	1.99	1.79	1.01	1.09	1.06	1.35	1.41	1.27	1.23
YoY Growth	-	-	17.36%	11.17%	77.71%	-7.69%	3.17%	-21.25%	-4.54%	11.20%	3.24%	-13.63%
Dividend Yield	-	-	2.89%	2.69%	3.19%	1.79%	3.37%	5.82%	5.78%	5.62%	4.83%	5.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	841.85
(-) Cash Dividends Paid (M)	416.58
(=) Cash Retained (M)	425.27

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	168.37	105.23	63.14
Cash Retained (M)	425.27	425.27	425.27
(-) Cash Required (M)	-168.37	-105.23	-63.14
(=) Excess Retained (M)	256.90	320.04	362.13
(/) Shares Outstanding (M)	219.89	219.89	219.89
(=) Excess Retained per Share	1.17	1.46	1.65
LTM Dividend per Share	1.89	1.89	1.89
(+) Excess Retained per Share	1.17	1.46	1.65
(=) Adjusted Dividend	3.06	3.35	3.54
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	3.76%	4.76%	5.76%
Fair Value	$114.43	$197.46	$481.86
Upside / Downside	8.98%	88.06%	358.92%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	841.85	881.94	923.94	967.94	1,014.03	1,062.32	1,094.19
Payout Ratio	49.48%	57.59%	65.69%	73.79%	81.90%	90.00%	92.50%
Projected Dividends (M)	416.58	507.89	606.94	714.28	830.46	956.09	1,012.13

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	3.76%	4.76%	5.76%
Year 1 PV (M)	472.16	476.71	481.26
Year 2 PV (M)	524.56	534.72	544.98
Year 3 PV (M)	573.90	590.66	607.73
Year 4 PV (M)	620.32	644.58	669.55
Year 5 PV (M)	663.93	696.54	730.43
PV of Terminal Value (M)	19,857.73	20,833.24	21,846.71
Equity Value (M)	22,712.60	23,776.45	24,880.66
Shares Outstanding (M)	219.89	219.89	219.89
Fair Value	$103.29	$108.13	$113.15
Upside / Downside	-1.63%	2.98%	7.76%

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

G-SHANK Enterprise Co., Ltd. (2476.TW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener