DDM Analysis: 403870.KQ

Valuation Snapshot

Stable Growth	$42,011.90 - $201,803.84	$91,050.74
Multi-Stage	$23,049.27 - $25,179.65	$24,095.11
Blended Fair Value	$57,572.92
Current Price	$33,750.00
Upside	70.59%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018
DPS	143.12%	0.00%	91.68	22.21	0.00	244.98	92.92	1.08	83.67	0.00	0.00	0.00
YoY Growth	-	-	312.86%	0.00%	-100.00%	163.66%	8,508.32%	-98.71%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	0.35%	0.04%	0.00%	2.27%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	82,868.45
(-) Cash Dividends Paid (M)	48,219.20
(=) Cash Retained (M)	34,649.24

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	16,573.69	10,358.56	6,215.13
Cash Retained (M)	34,649.24	34,649.24	34,649.24
(-) Cash Required (M)	-16,573.69	-10,358.56	-6,215.13
(=) Excess Retained (M)	18,075.55	24,290.69	28,434.11
(/) Shares Outstanding (M)	81.67	81.67	81.67
(=) Excess Retained per Share	221.34	297.44	348.18
LTM Dividend per Share	590.45	590.45	590.45
(+) Excess Retained per Share	221.34	297.44	348.18
(=) Adjusted Dividend	811.78	887.89	938.62
WACC / Discount Rate	7.54%	7.54%	7.54%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$42,011.90	$91,050.74	$201,803.84
Upside / Downside	24.48%	169.78%	497.94%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	82,868.45	88,254.89	93,991.46	100,100.91	106,607.47	113,536.95	116,943.06
Payout Ratio	58.19%	64.55%	70.91%	77.28%	83.64%	90.00%	92.50%
Projected Dividends (M)	48,219.20	56,968.64	66,651.78	77,353.04	89,163.85	102,183.26	108,172.33

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.54%	7.54%	7.54%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	52,477.67	52,975.09	53,472.51
Year 2 PV (M)	56,557.37	57,634.63	58,722.05
Year 3 PV (M)	60,463.53	62,199.22	63,967.82
Year 4 PV (M)	64,201.28	66,670.28	69,209.82
Year 5 PV (M)	67,775.59	71,049.18	74,448.05
PV of Terminal Value (M)	1,580,860.50	1,657,216.65	1,736,495.13
Equity Value (M)	1,882,335.94	1,967,745.05	2,056,315.38
Shares Outstanding (M)	81.67	81.67	81.67
Fair Value	$23,049.27	$24,095.11	$25,179.65
Upside / Downside	-31.71%	-28.61%	-25.39%

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

HPSP Co., Ltd. (403870.KQ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener