DDM Analysis: 3486.T

Valuation Snapshot

Stable Growth	$40,260.98 - $87,734.52	$82,220.09
Multi-Stage	$13,046.59 - $14,291.02	$13,657.33
Blended Fair Value	$47,938.71
Current Price	$2,878.00
Upside	1,565.70%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	53.38%	0.00%	56.51	29.51	19.59	19.11	6.67	6.66	5.84	0.00	0.00	0.00
YoY Growth	-	-	91.49%	50.65%	2.50%	186.57%	0.20%	14.07%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	2.94%	2.00%	3.09%	4.32%	1.39%	2.33%	1.66%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,243.40
(-) Cash Dividends Paid (M)	1,040.00
(=) Cash Retained (M)	5,203.40

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,248.68	780.42	468.25
Cash Retained (M)	5,203.40	5,203.40	5,203.40
(-) Cash Required (M)	-1,248.68	-780.42	-468.25
(=) Excess Retained (M)	3,954.72	4,422.97	4,735.14
(/) Shares Outstanding (M)	14.15	14.15	14.15
(=) Excess Retained per Share	279.44	312.52	334.58
LTM Dividend per Share	73.49	73.49	73.49
(+) Excess Retained per Share	279.44	312.52	334.58
(=) Adjusted Dividend	352.92	386.01	408.07
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$40,260.98	$82,220.09	$87,734.52
Upside / Downside	1,298.92%	2,756.85%	2,948.45%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,243.40	6,649.22	7,081.42	7,541.71	8,031.92	8,553.99	8,810.61
Payout Ratio	16.66%	31.33%	45.99%	60.66%	75.33%	90.00%	92.50%
Projected Dividends (M)	1,040.00	2,082.94	3,257.07	4,575.03	6,050.57	7,698.59	8,149.82

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,938.82	1,957.19	1,975.57
Year 2 PV (M)	2,821.93	2,875.68	2,929.94
Year 3 PV (M)	3,689.55	3,795.47	3,903.39
Year 4 PV (M)	4,541.88	4,716.55	4,896.21
Year 5 PV (M)	5,379.12	5,638.94	5,908.69
PV of Terminal Value (M)	166,269.48	174,300.35	182,638.59
Equity Value (M)	184,640.78	193,284.19	202,252.40
Shares Outstanding (M)	14.15	14.15	14.15
Fair Value	$13,046.59	$13,657.33	$14,291.02
Upside / Downside	353.32%	374.54%	396.56%

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

Analysis Mode

Ticker

Industry

Sector

Global Link Management Inc. (3486.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener