DDM Analysis: 3533.TW

Valuation Snapshot

Stable Growth	$5,271.33 - $14,600.45	$13,682.76
Multi-Stage	$2,072.14 - $2,266.06	$2,167.33
Blended Fair Value	$7,925.04
Current Price	$1,545.00
Upside	412.95%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	26.34%	24.38%	25.79	24.94	15.09	12.25	9.67	8.01	4.57	3.33	3.74	4.57
YoY Growth	-	-	3.38%	65.34%	23.21%	26.67%	20.69%	75.10%	37.50%	-11.11%	-18.18%	57.14%
Dividend Yield	-	-	1.88%	1.76%	1.64%	1.76%	1.95%	2.94%	1.87%	1.59%	4.22%	4.38%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	8,251.17
(-) Cash Dividends Paid (M)	4,670.19
(=) Cash Retained (M)	3,580.98

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,650.23	1,031.40	618.84
Cash Retained (M)	3,580.98	3,580.98	3,580.98
(-) Cash Required (M)	-1,650.23	-1,031.40	-618.84
(=) Excess Retained (M)	1,930.75	2,549.59	2,962.15
(/) Shares Outstanding (M)	112.39	112.39	112.39
(=) Excess Retained per Share	17.18	22.69	26.36
LTM Dividend per Share	41.55	41.55	41.55
(+) Excess Retained per Share	17.18	22.69	26.36
(=) Adjusted Dividend	58.73	64.24	67.91
WACC / Discount Rate	6.68%	6.68%	6.68%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$5,271.33	$13,682.76	$14,600.45
Upside / Downside	241.19%	785.62%	845.01%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	8,251.17	8,787.50	9,358.69	9,967.00	10,614.86	11,304.82	11,643.97
Payout Ratio	56.60%	63.28%	69.96%	76.64%	83.32%	90.00%	92.50%
Projected Dividends (M)	4,670.19	5,560.75	6,547.35	7,638.72	8,844.31	10,174.34	10,770.67

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)	5,163.83	5,212.77	5,261.72
Year 2 PV (M)	5,646.02	5,753.56	5,862.12
Year 3 PV (M)	6,116.96	6,292.56	6,471.48
Year 4 PV (M)	6,576.84	6,829.76	7,089.91
Year 5 PV (M)	7,025.83	7,365.18	7,717.52
PV of Terminal Value (M)	202,358.96	212,132.97	222,281.06
Equity Value (M)	232,888.44	243,586.81	254,683.81
Shares Outstanding (M)	112.39	112.39	112.39
Fair Value	$2,072.14	$2,167.33	$2,266.06
Upside / Downside	34.12%	40.28%	46.67%

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

Analysis Mode

Ticker

Industry

Sector

Lotes Co., Ltd (3533.TW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener