DDM Analysis: 4912.T

Valuation Snapshot

Stable Growth	$1,245.62 - $2,475.54	$1,727.05
Multi-Stage	$1,876.06 - $2,060.10	$1,966.32
Blended Fair Value	$1,846.69
Current Price	$1,490.00
Upside	23.94%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	4.64%	10.49%	26.33	26.68	24.91	25.20	23.09	20.99	20.98	15.73	10.44	9.61
YoY Growth	-	-	-1.30%	7.11%	-1.13%	9.12%	10.02%	0.02%	33.36%	50.74%	8.61%	-1.04%
Dividend Yield	-	-	1.49%	1.94%	1.74%	1.85%	1.07%	0.91%	0.90%	0.73%	0.52%	0.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	20,876.00
(-) Cash Dividends Paid (M)	7,509.00
(=) Cash Retained (M)	13,367.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	4,175.20	2,609.50	1,565.70
Cash Retained (M)	13,367.00	13,367.00	13,367.00
(-) Cash Required (M)	-4,175.20	-2,609.50	-1,565.70
(=) Excess Retained (M)	9,191.80	10,757.50	11,801.30
(/) Shares Outstanding (M)	276.79	276.79	276.79
(=) Excess Retained per Share	33.21	38.87	42.64
LTM Dividend per Share	27.13	27.13	27.13
(+) Excess Retained per Share	33.21	38.87	42.64
(=) Adjusted Dividend	60.34	65.99	69.77
WACC / Discount Rate	6.43%	6.43%	6.43%
Growth Rate	1.51%	2.51%	3.51%
Fair Value	$1,245.62	$1,727.05	$2,475.54
Upside / Downside	-16.40%	15.91%	66.14%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	20,876.00	21,399.99	21,937.13	22,487.75	23,052.19	23,630.80	24,339.73
Payout Ratio	35.97%	46.78%	57.58%	68.39%	79.19%	90.00%	92.50%
Projected Dividends (M)	7,509.00	10,009.98	12,631.78	15,378.88	18,255.93	21,267.72	22,514.25

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.43%	6.43%	6.43%
Growth Rate	1.51%	2.51%	3.51%
Year 1 PV (M)	9,313.73	9,405.48	9,497.23
Year 2 PV (M)	10,935.66	11,152.18	11,370.83
Year 3 PV (M)	12,387.85	12,757.57	13,134.58
Year 4 PV (M)	13,682.50	14,229.68	14,793.11
Year 5 PV (M)	14,831.08	15,576.14	16,350.84
PV of Terminal Value (M)	458,123.30	481,137.72	505,067.92
Equity Value (M)	519,274.12	544,258.78	570,214.51
Shares Outstanding (M)	276.79	276.79	276.79
Fair Value	$1,876.06	$1,966.32	$2,060.10
Upside / Downside	25.91%	31.97%	38.26%

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

Lion Corporation (4912.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener