DDM Analysis: 9031.T

Valuation Snapshot

Stable Growth	$5,332.36 - $9,884.47	$7,200.07
Multi-Stage	$9,325.79 - $10,264.40	$9,786.01
Blended Fair Value	$8,493.04
Current Price	$2,337.50
Upside	263.34%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	2.61%	2.85%	40.74	38.35	33.27	25.61	30.74	35.81	35.84	35.84	36.90	38.56
YoY Growth	-	-	6.22%	15.28%	29.92%	-16.70%	-14.16%	-0.07%	0.00%	-2.88%	-4.30%	25.33%
Dividend Yield	-	-	2.00%	1.49%	1.36%	0.88%	1.14%	1.22%	1.53%	1.19%	1.46%	1.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	28,082.00
(-) Cash Dividends Paid (M)	891.50
(=) Cash Retained (M)	27,190.50

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	5,616.40	3,510.25	2,106.15
Cash Retained (M)	27,190.50	27,190.50	27,190.50
(-) Cash Required (M)	-5,616.40	-3,510.25	-2,106.15
(=) Excess Retained (M)	21,574.10	23,680.25	25,084.35
(/) Shares Outstanding (M)	77.13	77.13	77.13
(=) Excess Retained per Share	279.71	307.02	325.22
LTM Dividend per Share	11.56	11.56	11.56
(+) Excess Retained per Share	279.71	307.02	325.22
(=) Adjusted Dividend	291.27	318.57	336.78
WACC / Discount Rate	6.13%	6.13%	6.13%
Growth Rate	0.63%	1.63%	2.63%
Fair Value	$5,332.36	$7,200.07	$9,884.47
Upside / Downside	128.12%	208.02%	322.86%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	28,082.00	28,540.66	29,006.82	29,480.59	29,962.09	30,451.46	31,365.01
Payout Ratio	3.17%	20.54%	37.90%	55.27%	72.63%	90.00%	92.50%
Projected Dividends (M)	891.50	5,862.17	10,994.97	16,293.88	21,762.94	27,406.32	29,012.63

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.13%	6.13%	6.13%
Growth Rate	0.63%	1.63%	2.63%
Year 1 PV (M)	5,469.22	5,523.56	5,577.91
Year 2 PV (M)	9,570.35	9,761.49	9,954.53
Year 3 PV (M)	13,231.98	13,630.38	14,036.69
Year 4 PV (M)	16,488.64	17,153.87	17,839.03
Year 5 PV (M)	19,372.46	20,354.31	21,375.57
PV of Terminal Value (M)	655,168.57	688,374.25	722,912.85
Equity Value (M)	719,301.22	754,797.87	791,696.58
Shares Outstanding (M)	77.13	77.13	77.13
Fair Value	$9,325.79	$9,786.01	$10,264.40
Upside / Downside	298.96%	318.65%	339.12%

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

Nishi-Nippon Railroad Co., Ltd. (9031.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener