DDM Analysis: 3733.T

Valuation Snapshot

Stable Growth	$21,902.47 - $46,448.68	$31,092.30
Multi-Stage	$15,865.48 - $17,335.39	$16,587.11
Blended Fair Value	$23,839.71
Current Price	$13,700.00
Upside	74.01%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	8.43%	4.56%	140.05	119.61	99.98	98.91	88.22	93.46	129.51	76.69	76.43	71.25
YoY Growth	-	-	17.09%	19.64%	1.07%	12.13%	-5.61%	-27.84%	68.88%	0.35%	7.26%	-20.55%
Dividend Yield	-	-	1.02%	1.01%	0.80%	1.12%	1.51%	0.85%	1.30%	0.88%	0.93%	1.35%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,112.00
(-) Cash Dividends Paid (M)	733.00
(=) Cash Retained (M)	5,379.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,222.40	764.00	458.40
Cash Retained (M)	5,379.00	5,379.00	5,379.00
(-) Cash Required (M)	-1,222.40	-764.00	-458.40
(=) Excess Retained (M)	4,156.60	4,615.00	4,920.60
(/) Shares Outstanding (M)	5.23	5.23	5.23
(=) Excess Retained per Share	794.18	881.76	940.15
LTM Dividend per Share	140.05	140.05	140.05
(+) Excess Retained per Share	794.18	881.76	940.15
(=) Adjusted Dividend	934.23	1,021.81	1,080.20
WACC / Discount Rate	10.00%	10.00%	10.00%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$21,902.47	$31,092.30	$46,448.68
Upside / Downside	59.87%	126.95%	239.04%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,112.00	6,509.28	6,932.38	7,382.99	7,862.88	8,373.97	8,625.19
Payout Ratio	11.99%	27.59%	43.20%	58.80%	74.40%	90.00%	92.50%
Projected Dividends (M)	733.00	1,796.19	2,994.49	4,340.98	5,849.87	7,536.57	7,978.30

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	10.00%	10.00%	10.00%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,617.56	1,632.90	1,648.23
Year 2 PV (M)	2,428.53	2,474.79	2,521.48
Year 3 PV (M)	3,170.43	3,261.45	3,354.18
Year 4 PV (M)	3,847.57	3,995.54	4,147.73
Year 5 PV (M)	4,464.01	4,679.62	4,903.48
PV of Terminal Value (M)	67,509.23	70,769.95	74,155.46
Equity Value (M)	83,037.33	86,814.24	90,730.57
Shares Outstanding (M)	5.23	5.23	5.23
Fair Value	$15,865.48	$16,587.11	$17,335.39
Upside / Downside	15.81%	21.07%	26.54%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 29 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
BTBT	Bit Digital, Inc.	0.25%	$0.01	1.17%
PVH	PVH Corp.	0.25%	$0.17	2.41%
AEL	American Equity Investment Life Holding Company	0.24%	$0.14	2.19%
CRS	Carpenter Technology Corporation	0.24%	$0.80	9.74%
L	Loews Corporation	0.24%	$0.25	3.58%
PRIM	Primoris Services Corporation	0.23%	$0.30	5.83%
TER	Teradyne, Inc.	0.23%	$0.48	17.39%
FOCS	Focus Financial Partners Inc.	0.22%	$0.12	19.23%
QCRH	QCR Holdings, Inc.	0.22%	$0.18	2.50%
RMAX	RE/MAX Holdings, Inc.	0.22%	$0.02	2.70%
VSEC	VSE Corporation	0.22%	$0.40	30.98%
0J5I.L	Hilton Worldwide Holdings Inc.	0.21%	$0.60	8.71%
PRVAX	Virginia Tax Free Bond Fund	0.21%	$0.02	89.04%
ACA	Arcosa, Inc.	0.19%	$0.20	6.66%
HWM	Howmet Aerospace Inc.	0.19%	$0.40	11.24%
USLM	United States Lime & Minerals, Inc.	0.19%	$0.23	5.04%
AEIS	Advanced Energy Industries, Inc.	0.18%	$0.40	10.65%
BELFA	Bel Fuse Inc.	0.18%	$0.28	5.31%
TILE	Interface, Inc.	0.18%	$0.05	2.63%
0K05.L	Medifast, Inc.	0.17%	$0.02	78.63%
AYI	Acuity Brands, Inc.	0.17%	$0.65	5.19%
BDC	Belden Inc.	0.17%	$0.20	3.53%
FIX	Comfort Systems USA, Inc.	0.17%	$1.70	7.18%
KNSL	Kinsale Capital Group, Inc.	0.17%	$0.66	3.24%
STCN	Steel Connect, Inc.	0.17%	$0.02	1.98%
VVI	Viad Corp	0.17%	$0.07	0.54%
ALNT	Allient Inc.	0.16%	$0.09	7.91%
CLSK	CleanSpark, Inc.	0.16%	$0.02	1.41%
EME	EMCOR Group, Inc.	0.16%	$1.01	4.01%
ESE	ESCO Technologies Inc.	0.16%	$0.32	2.76%
CW	Curtiss-Wright Corporation	0.15%	$0.87	7.08%
MU	Micron Technology, Inc.	0.15%	$0.46	6.11%
SPCMU	Sound Point Acquisition Corp I, Ltd	0.15%	$0.02	1.33%
ENSG	The Ensign Group, Inc.	0.14%	$0.24	4.34%
JBL	Jabil Inc.	0.14%	$0.33	5.48%
PFIE	Profire Energy, Inc.	0.14%	$0.00	1.99%
0R0A.L	Hecla Mining Company	0.13%	$0.02	5.24%
GNW	Genworth Financial, Inc.	0.13%	$0.01	2.27%
ONIT	Onity Group Inc.	0.13%	$0.06	1.46%
0A7O.L	MicroStrategy Incorporated	0.12%	$0.19	0.73%
0KGS.L	Pegasystems Inc.	0.12%	$0.07	4.63%
PRTAX	T. Rowe Price Tax-Free Income Fd	0.12%	$0.01	89.04%
WDC	Western Digital Corporation	0.12%	$0.22	3.25%
GEV	GE Vernova Inc.	0.11%	$0.75	12.15%
MPLF.L	Marble Point Loan Financing Limited	0.11%	$0.07	92.98%
EPAC	Enerpac Tool Group Corp.	0.10%	$0.04	2.34%
GRBK	Green Brick Partners, Inc.	0.10%	$0.07	0.85%
IR	Ingersoll Rand Inc.	0.10%	$0.08	5.89%
RAL	Ralliant Corp.	0.10%	$0.05	2.75%
TXT	Textron Inc.	0.10%	$0.08	1.79%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Software Service, Inc. (3733.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener