DDM Analysis: 3401.T

Valuation Snapshot

Stable Growth	$1,917.50 - $3,434.97	$2,554.59
Multi-Stage	$3,393.51 - $3,729.89	$3,558.46
Blended Fair Value	$3,056.52
Current Price	$1,258.50
Upside	142.87%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-10.51%	6.96%	39.98	27.46	54.85	52.31	54.78	69.67	60.64	61.25	45.91	25.50
YoY Growth	-	-	45.60%	-49.94%	4.85%	-4.50%	-21.37%	14.88%	-0.98%	33.39%	80.08%	25.04%
Dividend Yield	-	-	3.42%	2.05%	3.80%	3.70%	3.24%	4.06%	3.24%	3.01%	2.12%	1.51%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	26,906.00
(-) Cash Dividends Paid (M)	9,635.00
(=) Cash Retained (M)	17,271.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	5,381.20	3,363.25	2,017.95
Cash Retained (M)	17,271.00	17,271.00	17,271.00
(-) Cash Required (M)	-5,381.20	-3,363.25	-2,017.95
(=) Excess Retained (M)	11,889.80	13,907.75	15,253.05
(/) Shares Outstanding (M)	192.73	192.73	192.73
(=) Excess Retained per Share	61.69	72.16	79.14
LTM Dividend per Share	49.99	49.99	49.99
(+) Excess Retained per Share	61.69	72.16	79.14
(=) Adjusted Dividend	111.68	122.15	129.13
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	0.49%	1.49%	2.49%
Fair Value	$1,917.50	$2,554.59	$3,434.97
Upside / Downside	52.36%	102.99%	172.94%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	26,906.00	27,307.14	27,714.26	28,127.45	28,546.79	28,972.39	29,841.57
Payout Ratio	35.81%	46.65%	57.49%	68.32%	79.16%	90.00%	92.50%
Projected Dividends (M)	9,635.00	12,738.20	15,931.79	19,217.78	22,598.20	26,075.15	27,603.45

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	0.49%	1.49%	2.49%
Year 1 PV (M)	11,860.28	11,978.31	12,096.33
Year 2 PV (M)	13,811.43	14,087.67	14,366.66
Year 3 PV (M)	15,511.87	15,979.57	16,456.59
Year 4 PV (M)	16,983.28	17,669.46	18,376.21
Year 5 PV (M)	18,245.74	19,171.82	20,135.13
PV of Terminal Value (M)	577,618.70	606,936.27	637,432.36
Equity Value (M)	654,031.31	685,823.10	718,863.27
Shares Outstanding (M)	192.73	192.73	192.73
Fair Value	$3,393.51	$3,558.46	$3,729.89
Upside / Downside	169.65%	182.75%	196.38%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 40 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EMTK.JK	PT Elang Mahkota Teknologi Tbk	3.98%	$43.78	48.47%
HOLN.SW	Holcim Ltd	3.98%	$3.10	11.12%
TQ5.SI	Frasers Property Limited	3.98%	$0.05	60.69%
007860.KS	Seoyon Co., Ltd.	3.97%	$381.92	8.19%
3217.TWO	Argosy Research Inc.	3.97%	$6.40	54.14%
5434.TW	Topco Scientific Co.,Ltd.	3.97%	$11.76	59.09%
ALTXC.PA	TXCOM Group	3.97%	$0.30	35.01%
MND.AX	Monadelphous Group Limited	3.97%	$1.05	72.16%
MXI.AX	MaxiPARTS Limited	3.97%	$0.09	46.30%
027410.KS	BGF Co., Ltd.	3.96%	$152.83	25.29%
CNT.BK	Christiani & Nielsen (Thai) Public Company Limited	3.96%	$0.04	56.47%
UCID.JK	PT Uni-Charm Indonesia Tbk	3.96%	$16.86	78.76%
002758.SZ	ZJAMP Group Co., Ltd.	3.95%	$0.40	46.30%
4065.KL	PPB Group Berhad	3.95%	$0.42	72.75%
600585.SS	Anhui Conch Cement Company Limited	3.95%	$0.86	51.83%
8464.TW	Nien Made Enterprise Co., Ltd.	3.95%	$14.49	64.65%
BRFS3.SA	BRF S.A.	3.95%	$0.71	31.92%
F34.SI	Wilmar International Limited	3.95%	$0.12	63.66%
000848.SZ	Cheng De Lolo Company Limited	3.94%	$0.33	55.15%
6412.T	Heiwa Corporation	3.94%	$80.00	63.34%
DSFIR.AS	DSM-Firmenich AG	3.94%	$2.71	99.44%
NDT.MI	Neodecortech S.p.A.	3.94%	$0.15	28.43%
TCSG.ME	TCS Group Holding PLC	3.94%	$129.27	21.76%
001720.KS	Shinyoung Securities Co., Ltd.	3.93%	$5,219.58	32.99%
0UKH.L	Bank of Montreal	3.93%	$7.04	57.77%
282330.KS	BGF retail Co. Ltd.	3.93%	$4,100.00	37.49%
4953.TWO	WITS Corp.	3.93%	$4.91	84.65%
601528.SS	Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd	3.93%	$0.22	21.93%
601789.SS	Ningbo Construction Co., Ltd.	3.93%	$0.20	78.65%
EMA	Emera Incorporated	3.93%	$1.93	49.45%
TSPC.JK	PT Tempo Scan Pacific Tbk	3.93%	$111.90	33.61%
TTALO.HE	Terveystalo Oyj	3.93%	$0.38	55.32%
003012.SZ	Guangdong Dongpeng Holdings Co., Ltd.	3.92%	$0.26	78.10%
300181.SZ	Zhejiang Jolly Pharmaceutical Co.,LTD	3.92%	$0.63	73.60%
6491.TW	Pegavision Corporation	3.92%	$11.02	53.82%
82800.HK	Tracker Fund of Hong Kong	3.92%	$0.93	12.85%
DR0.DE	Deutsche Rohstoff AG	3.92%	$1.96	26.92%
SIRIP.BK	Siri Prime Office Property Fund	3.92%	$0.28	44.51%
SJR	Shaw Communications Inc.	3.92%	$1.18	80.43%
1437.TW	GTM Holdings Corporation	3.91%	$1.35	64.33%
234080.KS	JW Lifescience Corporation	3.91%	$501.22	16.27%
3693.TWO	AIC Inc.	3.91%	$10.92	61.94%
4863.KL	Telekom Malaysia Berhad	3.91%	$0.31	59.49%
PBP.AX	Probiotec Limited	3.91%	$0.12	41.70%
SUZB3.SA	Suzano S.A.	3.91%	$2.03	38.32%
025540.KS	Korea Electric Terminal Co., Ltd.	3.90%	$2,586.58	23.65%
AZ2.DE	Andritz AG	3.90%	$2.60	55.55%
EUX.F	Euwax AG	3.90%	$1.85	82.61%
TPIPP-R.BK	TPI Polene Power Public Company Limited	3.90%	$0.07	20.67%
0R9H.L	Banca Sistema S.p.A.	3.89%	$0.07	15.44%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Teijin Limited (3401.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener