DDM Analysis: 7504.T

Valuation Snapshot

Stable Growth	$6,306.40 - $36,539.57	$11,735.71
Multi-Stage	$3,653.85 - $3,997.85	$3,822.70
Blended Fair Value	$7,779.21
Current Price	$2,701.00
Upside	188.01%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	13.33%	8.98%	54.87	46.86	44.78	42.75	35.78	29.35	28.41	27.39	27.69	23.11
YoY Growth	-	-	17.10%	4.63%	4.76%	19.48%	21.90%	3.33%	3.71%	-1.07%	19.80%	-0.44%
Dividend Yield	-	-	2.03%	1.89%	2.18%	2.80%	2.43%	2.00%	2.48%	2.03%	2.59%	2.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,561.88
(-) Cash Dividends Paid (M)	526.42
(=) Cash Retained (M)	3,035.46

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	712.38	445.23	267.14
Cash Retained (M)	3,035.46	3,035.46	3,035.46
(-) Cash Required (M)	-712.38	-445.23	-267.14
(=) Excess Retained (M)	2,323.09	2,590.23	2,768.32
(/) Shares Outstanding (M)	19.39	19.39	19.39
(=) Excess Retained per Share	119.83	133.61	142.80
LTM Dividend per Share	27.15	27.15	27.15
(+) Excess Retained per Share	119.83	133.61	142.80
(=) Adjusted Dividend	146.99	160.76	169.95
WACC / Discount Rate	7.96%	7.96%	7.96%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$6,306.40	$11,735.71	$36,539.57
Upside / Downside	133.48%	334.50%	1,252.82%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,561.88	3,793.40	4,039.97	4,302.57	4,582.23	4,880.08	5,026.48
Payout Ratio	14.78%	29.82%	44.87%	59.91%	74.96%	90.00%	92.50%
Projected Dividends (M)	526.42	1,131.32	1,812.63	2,577.74	3,434.65	4,392.07	4,649.50

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.96%	7.96%	7.96%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,038.08	1,047.92	1,057.76
Year 2 PV (M)	1,526.16	1,555.22	1,584.57
Year 3 PV (M)	1,991.46	2,048.63	2,106.88
Year 4 PV (M)	2,434.78	2,528.42	2,624.73
Year 5 PV (M)	2,856.87	2,994.86	3,138.13
PV of Terminal Value (M)	60,987.44	63,933.16	66,991.61
Equity Value (M)	70,834.79	74,108.20	77,503.67
Shares Outstanding (M)	19.39	19.39	19.39
Fair Value	$3,653.85	$3,822.70	$3,997.85
Upside / Downside	35.28%	41.53%	48.01%

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

Kohsoku Corporation (7504.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener