DDM Analysis: 2760.T

Valuation Snapshot

Stable Growth	$18,236.61 - $50,511.48	$47,336.66
Multi-Stage	$7,118.97 - $7,787.96	$7,447.34
Blended Fair Value	$27,392.00
Current Price	$2,833.00
Upside	866.89%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	31.94%	19.91%	126.54	130.89	81.15	63.30	30.18	31.65	25.74	20.22	20.12	19.99
YoY Growth	-	-	-3.32%	61.29%	28.19%	109.75%	-4.65%	22.99%	27.27%	0.50%	0.67%	-2.92%
Dividend Yield	-	-	4.47%	3.01%	2.31%	3.71%	1.66%	2.64%	4.03%	3.00%	3.58%	4.02%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	7,599.00
(-) Cash Dividends Paid (M)	3,540.00
(=) Cash Retained (M)	4,059.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,519.80	949.88	569.93
Cash Retained (M)	4,059.00	4,059.00	4,059.00
(-) Cash Required (M)	-1,519.80	-949.88	-569.93
(=) Excess Retained (M)	2,539.20	3,109.13	3,489.08
(/) Shares Outstanding (M)	29.92	29.92	29.92
(=) Excess Retained per Share	84.87	103.92	116.62
LTM Dividend per Share	118.32	118.32	118.32
(+) Excess Retained per Share	84.87	103.92	116.62
(=) Adjusted Dividend	203.19	222.24	234.94
WACC / Discount Rate	6.68%	6.68%	6.68%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$18,236.61	$47,336.66	$50,511.48
Upside / Downside	543.72%	1,570.90%	1,682.97%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	7,599.00	8,092.94	8,618.98	9,179.21	9,775.86	10,411.29	10,723.63
Payout Ratio	46.59%	55.27%	63.95%	72.63%	81.32%	90.00%	92.50%
Projected Dividends (M)	3,540.00	4,472.81	5,511.93	6,667.23	7,949.44	9,370.16	9,919.36

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.68%	6.68%	6.68%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	4,153.54	4,192.91	4,232.28
Year 2 PV (M)	4,753.13	4,843.67	4,935.05
Year 3 PV (M)	5,339.01	5,492.27	5,648.44
Year 4 PV (M)	5,911.39	6,138.73	6,372.56
Year 5 PV (M)	6,470.51	6,783.04	7,107.53
PV of Terminal Value (M)	186,364.50	195,365.97	204,711.95
Equity Value (M)	212,992.08	222,816.58	233,007.81
Shares Outstanding (M)	29.92	29.92	29.92
Fair Value	$7,118.97	$7,447.34	$7,787.96
Upside / Downside	151.29%	162.88%	174.90%

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

Ticker

Industry

Sector

Tokyo Electron Device Limited (2760.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener