DDM Analysis: 3407.T

Valuation Snapshot

Stable Growth	$4,731.37 - $20,369.58	$11,543.60
Multi-Stage	$3,027.91 - $3,317.13	$3,169.84
Blended Fair Value	$7,356.72
Current Price	$1,164.50
Upside	531.75%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	0.50%	6.53%	36.62	36.62	35.60	34.59	33.57	35.71	37.88	28.66	20.48	20.48
YoY Growth	-	-	0.00%	2.86%	2.94%	3.03%	-6.00%	-5.71%	32.14%	39.99%	-0.01%	5.24%
Dividend Yield	-	-	3.57%	3.57%	3.66%	3.34%	2.75%	4.08%	3.17%	2.04%	1.70%	2.89%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	141,013.00
(-) Cash Dividends Paid (M)	52,174.00
(=) Cash Retained (M)	88,839.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	28,202.60	17,626.63	10,575.98
Cash Retained (M)	88,839.00	88,839.00	88,839.00
(-) Cash Required (M)	-28,202.60	-17,626.63	-10,575.98
(=) Excess Retained (M)	60,636.40	71,212.38	78,263.03
(/) Shares Outstanding (M)	1,364.30	1,364.30	1,364.30
(=) Excess Retained per Share	44.44	52.20	57.36
LTM Dividend per Share	38.24	38.24	38.24
(+) Excess Retained per Share	44.44	52.20	57.36
(=) Adjusted Dividend	82.69	90.44	95.61
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	4.53%	5.53%	6.53%
Fair Value	$4,731.37	$11,543.60	$20,369.58
Upside / Downside	306.30%	891.29%	1,649.21%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	141,013.00	148,807.74	157,033.34	165,713.63	174,873.73	184,540.18	190,076.39
Payout Ratio	37.00%	47.60%	58.20%	68.80%	79.40%	90.00%	92.50%
Projected Dividends (M)	52,174.00	70,831.80	91,392.86	114,010.60	138,849.54	166,086.16	175,820.66

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	4.53%	5.53%	6.53%
Year 1 PV (M)	65,968.65	66,599.76	67,230.87
Year 2 PV (M)	79,274.03	80,798.09	82,336.66
Year 3 PV (M)	92,102.87	94,771.64	97,491.47
Year 4 PV (M)	104,467.62	108,523.06	112,695.44
Year 5 PV (M)	116,380.45	122,054.96	127,948.68
PV of Terminal Value (M)	3,672,798.13	3,851,877.40	4,037,874.81
Equity Value (M)	4,130,991.75	4,324,624.91	4,525,577.94
Shares Outstanding (M)	1,364.30	1,364.30	1,364.30
Fair Value	$3,027.91	$3,169.84	$3,317.13
Upside / Downside	160.02%	172.21%	184.85%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 25 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
MDC	M.D.C. Holdings, Inc.	0.86%	$0.54	55.94%
AXP	American Express Company	0.85%	$3.17	20.85%
FOXA	Fox Corporation	0.85%	$0.62	13.96%
LMST	Limestone Bancorp, Inc.	0.85%	$0.20	8.06%
RCL	Royal Caribbean Cruises Ltd.	0.85%	$2.41	16.19%
AZZ	AZZ Inc.	0.84%	$0.92	8.89%
HIBB	Hibbett, Inc.	0.84%	$0.74	9.00%
MAR	Marriott International, Inc.	0.84%	$2.62	27.38%
MORN	Morningstar, Inc.	0.84%	$1.77	20.03%
SGH	SMART Global Holdings, Inc.	0.84%	$0.14	30.96%
URI	United Rentals, Inc.	0.84%	$7.13	18.10%
0HYJ.L	Cintas Corporation	0.83%	$1.54	34.15%
EFX	Equifax Inc.	0.83%	$1.78	33.46%
GM	General Motors Company	0.82%	$0.66	21.22%
KVSA	Khosla Ventures Acquisition Co.	0.81%	$0.09	9.61%
WMT	Walmart Inc.	0.81%	$0.91	31.92%
BMI	Badger Meter, Inc.	0.80%	$1.41	30.10%
FRD	Friedman Industries, Incorporated	0.80%	$0.16	9.82%
ITT	ITT Inc.	0.80%	$1.40	22.66%
MLI	Mueller Industries, Inc.	0.80%	$0.94	13.89%
SSSSL	SuRo Capital Corp. 6.00% Notes due 2026	0.80%	$0.20	8.46%
RGLD	Royal Gold, Inc.	0.79%	$1.75	24.00%
VRSK	Verisk Analytics, Inc.	0.79%	$1.74	26.41%
COF	Capital One Financial Corporation	0.78%	$1.94	87.57%
EE	Excelerate Energy, Inc.	0.78%	$0.22	9.21%
0K36.L	Moody's Corporation	0.77%	$3.82	30.70%
HCI	HCI Group, Inc.	0.77%	$1.42	9.00%
PH	Parker-Hannifin Corporation	0.77%	$6.85	24.15%
SEI	Solaris Energy Infrastructure, Inc.	0.77%	$0.39	44.96%
0HQN.L	Cboe Global Markets, Inc.	0.76%	$1.90	20.31%
ASIC	Ategrity Specialty Holdings LLC	0.76%	$0.15	12.77%
GL	Globe Life Inc.	0.75%	$1.03	7.35%
0KYY.L	S&P Global Inc.	0.74%	$3.81	28.09%
PHM	PulteGroup, Inc.	0.74%	$0.89	6.67%
ROP	Roper Technologies, Inc.	0.74%	$3.20	22.09%
ZWS	Zurn Elkay Water Solutions Corporation	0.74%	$0.35	30.63%
JOE	The St. Joe Company	0.73%	$0.43	24.05%
TOL	Toll Brothers, Inc.	0.73%	$0.99	7.16%
TTEK	Tetra Tech, Inc.	0.73%	$0.25	26.25%
0HCB.L	Alcoa Corporation	0.72%	$0.40	9.08%
A	Agilent Technologies, Inc.	0.72%	$0.99	21.64%
FCFS	FirstCash Holdings, Inc	0.72%	$1.13	16.40%
TRAK	ReposiTrak, Inc.	0.72%	$0.09	22.94%
BKNG	Booking Holdings Inc.	0.71%	$37.78	24.39%
PGC	Peapack-Gladstone Financial Corporation	0.71%	$0.20	10.22%
ASO	Academy Sports and Outdoors, Inc.	0.70%	$0.37	6.63%
BRO	Brown & Brown, Inc.	0.70%	$0.54	18.02%
INTU	Intuit Inc.	0.70%	$4.39	29.97%
MSFT	Microsoft Corporation	0.70%	$3.31	23.52%
NCR	NCR Corporation	0.70%	$0.11	1.70%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Ticker

Industry

Sector

Asahi Kasei Corporation (3407.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener