DDM Analysis: 9319.T

Valuation Snapshot

Stable Growth	$1,635.54 - $3,238.90	$2,264.67
Multi-Stage	$2,460.46 - $2,701.72	$2,578.79
Blended Fair Value	$2,421.73
Current Price	$1,402.00
Upside	72.73%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	7.36%	3.51%	32.62	29.72	26.88	23.13	23.03	22.87	25.14	23.06	23.06	23.08
YoY Growth	-	-	9.77%	10.55%	16.21%	0.46%	0.71%	-9.05%	9.04%	0.00%	-0.11%	-0.12%
Dividend Yield	-	-	2.38%	2.26%	2.46%	2.38%	2.20%	2.31%	2.39%	1.85%	2.12%	2.60%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,843.69
(-) Cash Dividends Paid (M)	672.37
(=) Cash Retained (M)	1,171.32

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	368.74	230.46	138.28
Cash Retained (M)	1,171.32	1,171.32	1,171.32
(-) Cash Required (M)	-368.74	-230.46	-138.28
(=) Excess Retained (M)	802.58	940.86	1,033.05
(/) Shares Outstanding (M)	18.52	18.52	18.52
(=) Excess Retained per Share	43.34	50.80	55.78
LTM Dividend per Share	36.31	36.31	36.31
(+) Excess Retained per Share	43.34	50.80	55.78
(=) Adjusted Dividend	79.64	87.11	92.09
WACC / Discount Rate	6.45%	6.45%	6.45%
Growth Rate	1.51%	2.51%	3.51%
Fair Value	$1,635.54	$2,264.67	$3,238.90
Upside / Downside	16.66%	61.53%	131.02%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,843.69	1,889.90	1,937.26	1,985.81	2,035.58	2,086.60	2,149.19
Payout Ratio	36.47%	47.17%	57.88%	68.59%	79.29%	90.00%	92.50%
Projected Dividends (M)	672.37	891.56	1,121.31	1,362.02	1,614.09	1,877.94	1,988.00

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.45%	6.45%	6.45%
Growth Rate	1.51%	2.51%	3.51%
Year 1 PV (M)	829.37	837.54	845.71
Year 2 PV (M)	970.35	989.56	1,008.96
Year 3 PV (M)	1,096.44	1,129.17	1,162.54
Year 4 PV (M)	1,208.73	1,257.07	1,306.85
Year 5 PV (M)	1,308.23	1,373.96	1,442.29
PV of Terminal Value (M)	40,153.78	42,171.04	44,268.56
Equity Value (M)	45,566.90	47,758.33	50,034.92
Shares Outstanding (M)	18.52	18.52	18.52
Fair Value	$2,460.46	$2,578.79	$2,701.72
Upside / Downside	75.50%	83.94%	92.70%

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

Chuo Warehouse Co.,Ltd. (9319.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener