DDM Analysis: 8850.T

Valuation Snapshot

Stable Growth	$80,221.31 - $94,514.29	$88,573.73
Multi-Stage	$24,478.95 - $26,839.44	$25,637.28
Blended Fair Value	$57,105.51
Current Price	$5,080.00
Upside	1,024.12%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	7.61%	10.46%	112.35	101.95	84.70	68.23	64.95	77.86	67.05	64.89	54.06	47.60
YoY Growth	-	-	10.20%	20.37%	24.14%	5.04%	-16.58%	16.12%	3.33%	20.03%	13.58%	14.53%
Dividend Yield	-	-	2.47%	3.04%	2.88%	2.45%	2.28%	3.53%	2.56%	2.40%	2.02%	2.35%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	23,084.00
(-) Cash Dividends Paid (M)	5,854.00
(=) Cash Retained (M)	17,230.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	4,616.80	2,885.50	1,731.30
Cash Retained (M)	17,230.00	17,230.00	17,230.00
(-) Cash Required (M)	-4,616.80	-2,885.50	-1,731.30
(=) Excess Retained (M)	12,613.20	14,344.50	15,498.70
(/) Shares Outstanding (M)	48.57	48.57	48.57
(=) Excess Retained per Share	259.68	295.32	319.08
LTM Dividend per Share	120.52	120.52	120.52
(+) Excess Retained per Share	259.68	295.32	319.08
(=) Adjusted Dividend	380.20	415.84	439.60
WACC / Discount Rate	5.02%	5.02%	5.02%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$80,221.31	$88,573.73	$94,514.29
Upside / Downside	1,479.16%	1,643.58%	1,760.52%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	23,084.00	24,584.46	26,182.45	27,884.31	29,696.79	31,627.08	32,575.89
Payout Ratio	25.36%	38.29%	51.22%	64.14%	77.07%	90.00%	92.50%
Projected Dividends (M)	5,854.00	9,412.81	13,409.53	17,886.06	22,887.88	28,464.37	30,132.70

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.02%	5.02%	5.02%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	8,878.71	8,962.86	9,047.02
Year 2 PV (M)	11,930.93	12,158.18	12,387.58
Year 3 PV (M)	15,010.87	15,441.78	15,880.85
Year 4 PV (M)	18,118.70	18,815.50	19,532.20
Year 5 PV (M)	21,254.63	22,281.23	23,347.13
PV of Terminal Value (M)	1,113,819.01	1,167,616.88	1,223,473.73
Equity Value (M)	1,189,012.85	1,245,276.44	1,303,668.52
Shares Outstanding (M)	48.57	48.57	48.57
Fair Value	$24,478.95	$25,637.28	$26,839.44
Upside / Downside	381.87%	404.67%	428.34%

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

Starts Corporation Inc. (8850.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener