DDM Analysis: 3852.T

Valuation Snapshot

Stable Growth	$2,153.71 - $4,976.83	$3,149.91
Multi-Stage	$1,511.75 - $1,652.50	$1,580.84
Blended Fair Value	$2,365.38
Current Price	$1,320.00
Upside	79.20%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
DPS	9.03%	12.88%	19.98	17.89	17.04	14.90	12.95	12.97	10.93	8.63	6.99	5.95
YoY Growth	-	-	11.71%	4.98%	14.36%	15.06%	-0.16%	18.71%	26.69%	23.38%	17.42%	0.04%
Dividend Yield	-	-	1.38%	1.56%	1.08%	0.88%	0.61%	1.18%	1.32%	1.55%	1.73%	1.65%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	835.14
(-) Cash Dividends Paid (M)	85.78
(=) Cash Retained (M)	749.36

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	167.03	104.39	62.64
Cash Retained (M)	749.36	749.36	749.36
(-) Cash Required (M)	-167.03	-104.39	-62.64
(=) Excess Retained (M)	582.33	644.97	686.72
(/) Shares Outstanding (M)	8.02	8.02	8.02
(=) Excess Retained per Share	72.60	80.41	85.62
LTM Dividend per Share	10.69	10.69	10.69
(+) Excess Retained per Share	72.60	80.41	85.62
(=) Adjusted Dividend	83.30	91.11	96.31
WACC / Discount Rate	9.58%	9.58%	9.58%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$2,153.71	$3,149.91	$4,976.83
Upside / Downside	63.16%	138.63%	277.03%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	835.14	889.42	947.24	1,008.81	1,074.38	1,144.21	1,178.54
Payout Ratio	10.27%	26.22%	42.16%	58.11%	74.05%	90.00%	92.50%
Projected Dividends (M)	85.78	233.18	399.38	586.20	795.62	1,029.79	1,090.15

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.58%	9.58%	9.58%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	210.80	212.79	214.79
Year 2 PV (M)	326.38	332.60	338.88
Year 3 PV (M)	433.07	445.50	458.17
Year 4 PV (M)	531.36	551.79	572.81
Year 5 PV (M)	621.73	651.76	682.94
PV of Terminal Value (M)	10,001.95	10,485.05	10,986.64
Equity Value (M)	12,125.28	12,679.49	13,254.22
Shares Outstanding (M)	8.02	8.02	8.02
Fair Value	$1,511.75	$1,580.84	$1,652.50
Upside / Downside	14.53%	19.76%	25.19%

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

Cyber Com Co., Ltd. (3852.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener