DDM Analysis: 6517.T

Valuation Snapshot

Stable Growth	$40,226.79 - $47,407.93	$44,421.69
Multi-Stage	$26,834.39 - $29,494.03	$28,138.98
Blended Fair Value	$36,280.34
Current Price	$2,966.00
Upside	1,123.21%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	9.36%	10.39%	73.06	53.24	50.32	49.59	48.51	46.71	48.42	32.25	33.56	32.44
YoY Growth	-	-	37.24%	5.81%	1.47%	2.21%	3.86%	-3.52%	50.15%	-3.92%	3.45%	19.35%
Dividend Yield	-	-	2.58%	1.88%	2.44%	3.12%	2.49%	2.45%	3.19%	1.88%	1.72%	3.07%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	4,970.00
(-) Cash Dividends Paid (M)	1,071.50
(=) Cash Retained (M)	3,898.50

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	994.00	621.25	372.75
Cash Retained (M)	3,898.50	3,898.50	3,898.50
(-) Cash Required (M)	-994.00	-621.25	-372.75
(=) Excess Retained (M)	2,904.50	3,277.25	3,525.75
(/) Shares Outstanding (M)	20.53	20.53	20.53
(=) Excess Retained per Share	141.47	159.63	171.73
LTM Dividend per Share	52.19	52.19	52.19
(+) Excess Retained per Share	141.47	159.63	171.73
(=) Adjusted Dividend	193.67	211.82	223.93
WACC / Discount Rate	1.39%	1.39%	1.39%
Growth Rate	3.86%	4.86%	5.86%
Fair Value	$40,226.79	$44,421.69	$47,407.93
Upside / Downside	1,256.26%	1,397.70%	1,498.38%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	4,970.00	5,211.36	5,464.45	5,729.82	6,008.09	6,299.86	6,488.86
Payout Ratio	21.56%	35.25%	48.94%	62.62%	76.31%	90.00%	92.50%
Projected Dividends (M)	1,071.50	1,836.87	2,674.06	3,588.23	4,584.88	5,669.88	6,002.20

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	1.39%	1.39%	1.39%
Growth Rate	3.86%	4.86%	5.86%
Year 1 PV (M)	1,794.43	1,811.71	1,828.99
Year 2 PV (M)	2,551.91	2,601.29	2,651.14
Year 3 PV (M)	3,345.20	3,442.76	3,542.20
Year 4 PV (M)	4,175.58	4,338.74	4,506.63
Year 5 PV (M)	5,044.39	5,291.97	5,549.17
PV of Terminal Value (M)	534,005.21	560,213.91	587,441.70
Equity Value (M)	550,916.72	577,700.38	605,519.84
Shares Outstanding (M)	20.53	20.53	20.53
Fair Value	$26,834.39	$28,138.98	$29,494.03
Upside / Downside	804.73%	848.72%	894.40%

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

Denyo Co., Ltd. (6517.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener