DDM Analysis: WTIF.SG

Valuation Snapshot

Stable Growth	$7.19 - $10.32	$8.72
Multi-Stage	$17.45 - $19.17	$18.29
Blended Fair Value	$13.50
Current Price	$32.69
Upside	-58.69%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
DPS	0.00%	-2.13%	0.96	0.95	0.73	0.59	0.91	0.00	0.87	0.87	1.05	1.21
YoY Growth	-	-	1.18%	30.10%	23.10%	-34.89%	0.00%	-100.00%	-0.03%	-16.66%	-13.70%	1.44%
Dividend Yield	-	-	2.95%	4.47%	3.52%	2.86%	4.39%	0.00%	4.19%	4.19%	5.03%	5.83%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,485.00
(-) Cash Dividends Paid (M)	3,186.00
(=) Cash Retained (M)	299.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	697.00	435.63	261.38
Cash Retained (M)	299.00	299.00	299.00
(-) Cash Required (M)	-697.00	-435.63	-261.38
(=) Excess Retained (M)	-398.00	-136.63	37.63
(/) Shares Outstanding (M)	3,303.75	3,303.75	3,303.75
(=) Excess Retained per Share	-0.12	-0.04	0.01
LTM Dividend per Share	0.96	0.96	0.96
(+) Excess Retained per Share	-0.12	-0.04	0.01
(=) Adjusted Dividend	0.84	0.92	0.98
WACC / Discount Rate	7.13%	7.13%	7.13%
Growth Rate	-4.13%	-3.13%	-2.13%
Fair Value	$7.19	$8.72	$10.32
Upside / Downside	-78.02%	-73.34%	-68.44%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,485.00	3,375.91	3,270.24	3,167.87	3,068.71	2,972.65	3,061.83
Payout Ratio	91.42%	91.14%	90.85%	90.57%	90.28%	90.00%	92.50%
Projected Dividends (M)	3,186.00	3,076.68	2,971.08	2,869.08	2,770.56	2,675.39	2,832.20

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.13%	7.13%	7.13%
Growth Rate	-4.13%	-3.13%	-2.13%
Year 1 PV (M)	2,842.34	2,871.99	2,901.63
Year 2 PV (M)	2,535.72	2,588.90	2,642.62
Year 3 PV (M)	2,262.16	2,333.69	2,406.71
Year 4 PV (M)	2,018.09	2,103.62	2,191.83
Year 5 PV (M)	1,800.33	1,896.21	1,996.12
PV of Terminal Value (M)	46,176.61	48,635.68	51,198.41
Equity Value (M)	57,635.25	60,430.07	63,337.33
Shares Outstanding (M)	3,303.75	3,303.75	3,303.75
Fair Value	$17.45	$18.29	$19.17
Upside / Downside	-46.63%	-44.05%	-41.35%

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

WisdomTree Japan Equity UCITS ETF (WTIF.SG)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener