DDM Analysis: 3401.T

Valuation Snapshot

Stable Growth	$1,917.32 - $3,434.48	$2,554.30
Multi-Stage	$3,392.93 - $3,729.26	$3,557.86
Blended Fair Value	$3,056.08
Current Price	$1,258.50
Upside	142.83%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-10.51%	6.96%	39.98	27.46	54.85	52.31	54.78	69.67	60.64	61.25	45.91	25.50
YoY Growth	-	-	45.60%	-49.94%	4.85%	-4.50%	-21.37%	14.88%	-0.98%	33.39%	80.08%	25.04%
Dividend Yield	-	-	3.42%	2.05%	3.80%	3.70%	3.24%	4.06%	3.24%	3.01%	2.12%	1.51%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	26,906.00
(-) Cash Dividends Paid (M)	9,635.00
(=) Cash Retained (M)	17,271.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	5,381.20	3,363.25	2,017.95
Cash Retained (M)	17,271.00	17,271.00	17,271.00
(-) Cash Required (M)	-5,381.20	-3,363.25	-2,017.95
(=) Excess Retained (M)	11,889.80	13,907.75	15,253.05
(/) Shares Outstanding (M)	192.73	192.73	192.73
(=) Excess Retained per Share	61.69	72.16	79.14
LTM Dividend per Share	49.99	49.99	49.99
(+) Excess Retained per Share	61.69	72.16	79.14
(=) Adjusted Dividend	111.68	122.15	129.13
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	0.49%	1.49%	2.49%
Fair Value	$1,917.32	$2,554.30	$3,434.48
Upside / Downside	52.35%	102.96%	172.90%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	26,906.00	27,307.14	27,714.26	28,127.45	28,546.79	28,972.39	29,841.57
Payout Ratio	35.81%	46.65%	57.49%	68.32%	79.16%	90.00%	92.50%
Projected Dividends (M)	9,635.00	12,738.20	15,931.79	19,217.78	22,598.20	26,075.15	27,603.45

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	0.49%	1.49%	2.49%
Year 1 PV (M)	11,860.22	11,978.25	12,096.27
Year 2 PV (M)	13,811.28	14,087.53	14,366.51
Year 3 PV (M)	15,511.62	15,979.32	16,456.33
Year 4 PV (M)	16,982.93	17,669.09	18,375.83
Year 5 PV (M)	18,245.27	19,171.33	20,134.61
PV of Terminal Value (M)	577,508.91	606,820.90	637,311.20
Equity Value (M)	653,920.25	685,706.42	718,740.75
Shares Outstanding (M)	192.73	192.73	192.73
Fair Value	$3,392.93	$3,557.86	$3,729.26
Upside / Downside	169.60%	182.71%	196.33%

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

Ticker

Industry

Sector

Teijin Limited (3401.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener