DDM Analysis: 9783.T

Valuation Snapshot

Stable Growth	$519.28 - $767.12	$637.99
Multi-Stage	$1,307.12 - $1,437.16	$1,370.86
Blended Fair Value	$1,004.43
Current Price	$2,585.00
Upside	-61.14%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-3.70%	-4.51%	59.99	54.95	49.96	49.96	49.96	72.42	94.85	94.70	94.72	94.72
YoY Growth	-	-	9.17%	9.98%	0.00%	0.00%	-31.00%	-23.65%	0.15%	-0.01%	0.00%	-0.52%
Dividend Yield	-	-	2.32%	2.99%	2.27%	1.81%	1.73%	2.82%	2.41%	2.23%	3.94%	3.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,442.00
(-) Cash Dividends Paid (M)	5,787.00
(=) Cash Retained (M)	655.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,288.40	805.25	483.15
Cash Retained (M)	655.00	655.00	655.00
(-) Cash Required (M)	-1,288.40	-805.25	-483.15
(=) Excess Retained (M)	-633.40	-150.25	171.85
(/) Shares Outstanding (M)	96.47	96.47	96.47
(=) Excess Retained per Share	-6.57	-1.56	1.78
LTM Dividend per Share	59.99	59.99	59.99
(+) Excess Retained per Share	-6.57	-1.56	1.78
(=) Adjusted Dividend	53.42	58.43	61.77
WACC / Discount Rate	6.61%	6.61%	6.61%
Growth Rate	-3.34%	-2.34%	-1.34%
Fair Value	$519.28	$637.99	$767.12
Upside / Downside	-79.91%	-75.32%	-70.32%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,442.00	6,291.39	6,144.30	6,000.65	5,860.36	5,723.34	5,895.04
Payout Ratio	89.83%	89.87%	89.90%	89.93%	89.97%	90.00%	92.50%
Projected Dividends (M)	5,787.00	5,653.81	5,523.69	5,396.56	5,272.36	5,151.01	5,452.92

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.61%	6.61%	6.61%
Growth Rate	-3.34%	-2.34%	-1.34%
Year 1 PV (M)	5,249.13	5,303.44	5,357.74
Year 2 PV (M)	4,761.26	4,860.28	4,960.32
Year 3 PV (M)	4,318.73	4,454.16	4,592.38
Year 4 PV (M)	3,917.33	4,081.96	4,251.74
Year 5 PV (M)	3,553.23	3,740.87	3,936.36
PV of Terminal Value (M)	104,296.20	109,803.87	115,541.80
Equity Value (M)	126,095.88	132,244.58	138,640.35
Shares Outstanding (M)	96.47	96.47	96.47
Fair Value	$1,307.12	$1,370.86	$1,437.16
Upside / Downside	-49.43%	-46.97%	-44.40%

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

Benesse Holdings, Inc. (9783.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener