DDM Analysis: 6462.T

Valuation Snapshot

Stable Growth	$4,244.43 - $6,478.12	$5,290.08
Multi-Stage	$9,484.92 - $10,454.27	$9,960.00
Blended Fair Value	$7,625.04
Current Price	$3,125.00
Upside	144.00%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
DPS	-1.98%	1.07%	119.55	114.37	104.01	137.88	141.86	132.10	118.35	118.05	117.45	107.59
YoY Growth	-	-	4.53%	9.96%	-24.57%	-2.81%	7.39%	11.62%	0.25%	0.51%	9.17%	0.09%
Dividend Yield	-	-	3.83%	4.89%	4.07%	4.61%	3.37%	2.28%	2.33%	3.76%	2.49%	2.30%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	4,803.00
(-) Cash Dividends Paid (M)	1,009.00
(=) Cash Retained (M)	3,794.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	960.60	600.38	360.23
Cash Retained (M)	3,794.00	3,794.00	3,794.00
(-) Cash Required (M)	-960.60	-600.38	-360.23
(=) Excess Retained (M)	2,833.40	3,193.63	3,433.78
(/) Shares Outstanding (M)	10.04	10.04	10.04
(=) Excess Retained per Share	282.27	318.16	342.08
LTM Dividend per Share	100.52	100.52	100.52
(+) Excess Retained per Share	282.27	318.16	342.08
(=) Adjusted Dividend	382.79	418.68	442.60
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	-2.28%	-1.28%	-0.28%
Fair Value	$4,244.43	$5,290.08	$6,478.12
Upside / Downside	35.82%	69.28%	107.30%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	4,803.00	4,741.72	4,681.23	4,621.51	4,562.55	4,504.34	4,639.47
Payout Ratio	21.01%	34.81%	48.60%	62.40%	76.20%	90.00%	92.50%
Projected Dividends (M)	1,009.00	1,650.41	2,275.29	2,883.96	3,476.73	4,053.91	4,291.51

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	-2.28%	-1.28%	-0.28%
Year 1 PV (M)	1,533.44	1,549.14	1,564.83
Year 2 PV (M)	1,964.21	2,004.62	2,045.43
Year 3 PV (M)	2,313.22	2,384.96	2,458.17
Year 4 PV (M)	2,591.04	2,698.73	2,809.75
Year 5 PV (M)	2,807.06	2,953.65	3,106.30
PV of Terminal Value (M)	83,999.83	88,386.49	92,954.53
Equity Value (M)	95,208.80	99,977.58	104,939.01
Shares Outstanding (M)	10.04	10.04	10.04
Fair Value	$9,484.92	$9,960.00	$10,454.27
Upside / Downside	203.52%	218.72%	234.54%

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

Periods / Units / Analysis

Fundamentals

Valuations

Mode

Miscellaneous

Ticker

Industry

Sector

Riken Corporation (6462.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener