DDM Analysis: 4912.T

Valuation Snapshot

Stable Growth	$893.30 - $1,486.98	$1,155.15
Multi-Stage	$1,174.24 - $1,286.67	$1,229.40
Blended Fair Value	$1,192.27
Current Price	$1,490.00
Upside	-19.98%
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	8.37%	8.37%	8.37%
Growth Rate	1.51%	2.51%	3.51%
Fair Value	$893.30	$1,155.15	$1,486.98
Upside / Downside	-40.05%	-22.47%	-0.20%

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	8.37%	8.37%	8.37%
Growth Rate	1.51%	2.51%	3.51%
Year 1 PV (M)	9,147.05	9,237.16	9,327.27
Year 2 PV (M)	10,547.76	10,756.60	10,967.49
Year 3 PV (M)	11,734.60	12,084.83	12,441.96
Year 4 PV (M)	12,729.04	13,238.09	13,762.25
Year 5 PV (M)	13,550.66	14,231.40	14,939.22
PV of Terminal Value (M)	267,308.57	280,737.17	294,700.11
Equity Value (M)	325,017.69	340,285.25	356,138.30
Shares Outstanding (M)	276.79	276.79	276.79
Fair Value	$1,174.24	$1,229.40	$1,286.67
Upside / Downside	-21.19%	-17.49%	-13.65%

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

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