DDM Analysis: 4578.T

Valuation Snapshot

Stable Growth	$15,387.13 - $32,866.85	$21,901.43
Multi-Stage	$21,852.20 - $24,011.51	$22,911.24
Blended Fair Value	$22,406.34
Current Price	$7,859.00
Upside	185.10%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	3.74%	2.82%	125.33	104.48	104.30	105.10	104.56	104.30	103.80	102.99	102.69	91.54
YoY Growth	-	-	19.96%	0.17%	-0.76%	0.52%	0.24%	0.48%	0.79%	0.30%	12.17%	-3.54%
Dividend Yield	-	-	1.62%	1.65%	2.48%	2.48%	2.23%	2.47%	2.38%	1.93%	2.04%	2.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	449,106.00
(-) Cash Dividends Paid (M)	70,975.00
(=) Cash Retained (M)	378,131.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	89,821.20	56,138.25	33,682.95
Cash Retained (M)	378,131.00	378,131.00	378,131.00
(-) Cash Required (M)	-89,821.20	-56,138.25	-33,682.95
(=) Excess Retained (M)	288,309.80	321,992.75	344,448.05
(/) Shares Outstanding (M)	532.68	532.68	532.68
(=) Excess Retained per Share	541.24	604.47	646.63
LTM Dividend per Share	133.24	133.24	133.24
(+) Excess Retained per Share	541.24	604.47	646.63
(=) Adjusted Dividend	674.48	737.71	779.87
WACC / Discount Rate	6.30%	6.30%	6.30%
Growth Rate	1.83%	2.83%	3.83%
Fair Value	$15,387.13	$21,901.43	$32,866.85
Upside / Downside	95.79%	178.68%	318.21%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	449,106.00	461,830.50	474,915.53	488,371.29	502,208.30	516,437.34	531,930.46
Payout Ratio	15.80%	30.64%	45.48%	60.32%	75.16%	90.00%	92.50%
Projected Dividends (M)	70,975.00	141,518.24	216,001.89	294,592.63	377,463.39	464,793.61	492,035.68

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.30%	6.30%	6.30%
Growth Rate	1.83%	2.83%	3.83%
Year 1 PV (M)	131,840.00	133,134.66	134,429.33
Year 2 PV (M)	187,467.99	191,167.92	194,904.02
Year 3 PV (M)	238,191.47	245,277.71	252,503.11
Year 4 PV (M)	284,324.28	295,658.09	307,327.42
Year 5 PV (M)	326,162.51	342,494.67	359,474.62
PV of Terminal Value (M)	10,472,326.72	10,996,714.74	11,541,901.94
Equity Value (M)	11,640,312.96	12,204,447.80	12,790,540.43
Shares Outstanding (M)	532.68	532.68	532.68
Fair Value	$21,852.20	$22,911.24	$24,011.51
Upside / Downside	178.05%	191.53%	205.53%

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

Otsuka Holdings Co., Ltd. (4578.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener