DDM Analysis: 8818.T

Valuation Snapshot

Stable Growth	$2,201.97 - $5,498.72	$3,304.02
Multi-Stage	$2,362.17 - $2,592.51	$2,475.17
Blended Fair Value	$2,889.60
Current Price	$1,639.00
Upside	76.30%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	7.30%	9.28%	37.64	36.13	39.22	34.49	30.90	26.46	21.53	19.34	18.26	17.15
YoY Growth	-	-	4.17%	-7.90%	13.74%	11.62%	16.78%	22.89%	11.33%	5.89%	6.48%	10.73%
Dividend Yield	-	-	2.51%	2.11%	3.40%	2.63%	2.27%	1.91%	2.14%	2.12%	2.61%	3.38%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	4,932.47
(-) Cash Dividends Paid (M)	464.48
(=) Cash Retained (M)	4,467.98

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	986.49	616.56	369.94
Cash Retained (M)	4,467.98	4,467.98	4,467.98
(-) Cash Required (M)	-986.49	-616.56	-369.94
(=) Excess Retained (M)	3,481.49	3,851.43	4,098.05
(/) Shares Outstanding (M)	48.74	48.74	48.74
(=) Excess Retained per Share	71.42	79.01	84.07
LTM Dividend per Share	9.53	9.53	9.53
(+) Excess Retained per Share	71.42	79.01	84.07
(=) Adjusted Dividend	80.95	88.54	93.60
WACC / Discount Rate	6.82%	6.82%	6.82%
Growth Rate	3.04%	4.04%	5.04%
Fair Value	$2,201.97	$3,304.02	$5,498.72
Upside / Downside	34.35%	101.59%	235.49%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	4,932.47	5,131.54	5,338.64	5,554.10	5,778.26	6,011.46	6,191.80
Payout Ratio	9.42%	25.53%	41.65%	57.77%	73.88%	90.00%	92.50%
Projected Dividends (M)	464.48	1,310.26	2,223.55	3,208.42	4,269.17	5,410.31	5,727.42

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.82%	6.82%	6.82%
Growth Rate	3.04%	4.04%	5.04%
Year 1 PV (M)	1,214.77	1,226.56	1,238.35
Year 2 PV (M)	1,911.27	1,948.55	1,986.18
Year 3 PV (M)	2,556.84	2,632.01	2,708.64
Year 4 PV (M)	3,154.22	3,278.47	3,406.35
Year 5 PV (M)	3,706.03	3,889.39	4,079.95
PV of Terminal Value (M)	102,600.20	107,676.64	112,952.06
Equity Value (M)	115,143.32	120,651.62	126,371.53
Shares Outstanding (M)	48.74	48.74	48.74
Fair Value	$2,362.17	$2,475.17	$2,592.51
Upside / Downside	44.12%	51.02%	58.18%

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

Keihanshin Building Co., Ltd. (8818.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener