DDM Analysis: 7013.T

Valuation Snapshot

Stable Growth	$1,255.45 - $1,984.24	$1,588.42
Multi-Stage	$1,587.10 - $1,740.57	$1,662.39
Blended Fair Value	$1,625.40
Current Price	$2,760.00
Upside	-41.11%
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	7.03%	0.91%	14.30	14.29	11.43	4.29	2.81	10.18	8.72	4.36	0.02	8.72
YoY Growth	-	-	0.07%	25.06%	166.68%	52.23%	-72.36%	16.77%	100.02%	28,775.00%	-99.83%	-33.25%
Dividend Yield	-	-	0.64%	2.02%	2.06%	0.83%	0.75%	4.58%	2.35%	0.79%	0.00%	2.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	129,343.00
(-) Cash Dividends Paid (M)	18,228.00
(=) Cash Retained (M)	111,115.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	25,868.60	16,167.88	9,700.73
Cash Retained (M)	111,115.00	111,115.00	111,115.00
(-) Cash Required (M)	-25,868.60	-16,167.88	-9,700.73
(=) Excess Retained (M)	85,246.40	94,947.13	101,414.28
(/) Shares Outstanding (M)	1,059.71	1,059.71	1,059.71
(=) Excess Retained per Share	80.44	89.60	95.70
LTM Dividend per Share	17.20	17.20	17.20
(+) Excess Retained per Share	80.44	89.60	95.70
(=) Adjusted Dividend	97.64	106.80	112.90
WACC / Discount Rate	9.12%	9.12%	9.12%
Growth Rate	1.25%	2.25%	3.25%
Fair Value	$1,255.45	$1,588.42	$1,984.24
Upside / Downside	-54.51%	-42.45%	-28.11%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	129,343.00	132,251.45	135,225.31	138,266.03	141,375.13	144,554.15	148,890.77
Payout Ratio	14.09%	29.27%	44.46%	59.64%	74.82%	90.00%	92.50%
Projected Dividends (M)	18,228.00	38,715.57	60,115.30	82,457.86	105,774.83	130,098.73	137,723.96

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.12%	9.12%	9.12%
Growth Rate	1.25%	2.25%	3.25%
Year 1 PV (M)	35,131.74	35,478.72	35,825.71
Year 2 PV (M)	49,500.89	50,483.52	51,475.82
Year 3 PV (M)	61,613.23	63,456.93	65,337.04
Year 4 PV (M)	71,719.67	74,595.33	77,556.61
Year 5 PV (M)	80,046.62	84,078.45	88,271.13
PV of Terminal Value (M)	1,383,854.96	1,453,557.73	1,526,041.29
Equity Value (M)	1,681,867.10	1,761,650.68	1,844,507.59
Shares Outstanding (M)	1,059.71	1,059.71	1,059.71
Fair Value	$1,587.10	$1,662.39	$1,740.57
Upside / Downside	-42.50%	-39.77%	-36.94%

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

IHI Corporation (7013.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener