DDM Analysis: 4917.T

Valuation Snapshot

Stable Growth	$283.35 - $399.90	$341.05
Multi-Stage	$547.74 - $599.83	$573.28
Blended Fair Value	$457.17
Current Price	$1,407.00
Upside	-67.51%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-8.46%	0.40%	39.93	38.89	36.96	33.81	46.76	62.12	66.80	52.83	42.99	40.90
YoY Growth	-	-	2.68%	5.22%	9.31%	-27.69%	-24.73%	-7.00%	26.44%	22.90%	5.09%	6.65%
Dividend Yield	-	-	2.84%	3.21%	2.56%	2.12%	2.26%	3.13%	2.51%	1.53%	1.41%	1.74%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,020.00
(-) Cash Dividends Paid (M)	1,806.00
(=) Cash Retained (M)	214.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	404.00	252.50	151.50
Cash Retained (M)	214.00	214.00	214.00
(-) Cash Required (M)	-404.00	-252.50	-151.50
(=) Excess Retained (M)	-190.00	-38.50	62.50
(/) Shares Outstanding (M)	45.10	45.10	45.10
(=) Excess Retained per Share	-4.21	-0.85	1.39
LTM Dividend per Share	40.04	40.04	40.04
(+) Excess Retained per Share	-4.21	-0.85	1.39
(=) Adjusted Dividend	35.83	39.19	41.43
WACC / Discount Rate	8.81%	8.81%	8.81%
Growth Rate	-3.41%	-2.41%	-1.41%
Fair Value	$283.35	$341.05	$399.90
Upside / Downside	-79.86%	-75.76%	-71.58%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,020.00	1,971.39	1,923.95	1,877.65	1,832.47	1,788.37	1,842.02
Payout Ratio	89.41%	89.52%	89.64%	89.76%	89.88%	90.00%	92.50%
Projected Dividends (M)	1,806.00	1,764.88	1,724.70	1,685.42	1,647.04	1,609.53	1,703.87

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.81%	8.81%	8.81%
Growth Rate	-3.41%	-2.41%	-1.41%
Year 1 PV (M)	1,605.41	1,622.03	1,638.65
Year 2 PV (M)	1,427.10	1,456.80	1,486.81
Year 3 PV (M)	1,268.59	1,308.40	1,349.03
Year 4 PV (M)	1,127.68	1,175.11	1,224.02
Year 5 PV (M)	1,002.43	1,055.40	1,110.59
PV of Terminal Value (M)	18,274.35	19,240.08	20,246.22
Equity Value (M)	24,705.56	25,857.82	27,055.32
Shares Outstanding (M)	45.10	45.10	45.10
Fair Value	$547.74	$573.28	$599.83
Upside / Downside	-61.07%	-59.26%	-57.37%

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

Mandom Corporation (4917.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener