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 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

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