DDM Analysis: 7951.T

Valuation Snapshot

Stable Growth	$327.17 - $490.69	$404.65
Multi-Stage	$510.86 - $559.05	$534.50
Blended Fair Value	$469.58
Current Price	$984.10
Upside	-52.28%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	1.59%	6.68%	26.29	25.58	24.40	24.78	25.00	24.29	22.73	21.81	21.05	16.90
YoY Growth	-	-	2.79%	4.80%	-1.53%	-0.88%	2.92%	6.89%	4.19%	3.63%	24.58%	22.73%
Dividend Yield	-	-	2.52%	2.05%	1.33%	1.33%	1.24%	1.44%	1.30%	1.14%	1.63%	1.85%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	17,845.00
(-) Cash Dividends Paid (M)	11,948.00
(=) Cash Retained (M)	5,897.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	3,569.00	2,230.63	1,338.38
Cash Retained (M)	5,897.00	5,897.00	5,897.00
(-) Cash Required (M)	-3,569.00	-2,230.63	-1,338.38
(=) Excess Retained (M)	2,328.00	3,666.38	4,558.63
(/) Shares Outstanding (M)	464.06	464.06	464.06
(=) Excess Retained per Share	5.02	7.90	9.82
LTM Dividend per Share	25.75	25.75	25.75
(+) Excess Retained per Share	5.02	7.90	9.82
(=) Adjusted Dividend	30.76	33.65	35.57
WACC / Discount Rate	8.96%	8.96%	8.96%
Growth Rate	-0.41%	0.59%	1.59%
Fair Value	$327.17	$404.65	$490.69
Upside / Downside	-66.75%	-58.88%	-50.14%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	17,845.00	17,950.51	18,056.65	18,163.41	18,270.80	18,378.83	18,930.19
Payout Ratio	66.95%	71.56%	76.17%	80.78%	85.39%	90.00%	92.50%
Projected Dividends (M)	11,948.00	12,846.01	13,754.22	14,672.72	15,601.60	16,540.95	17,510.43

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.96%	8.96%	8.96%
Growth Rate	-0.41%	0.59%	1.59%
Year 1 PV (M)	11,672.91	11,790.12	11,907.33
Year 2 PV (M)	11,356.86	11,586.07	11,817.57
Year 3 PV (M)	11,008.90	11,343.86	11,685.55
Year 4 PV (M)	10,636.86	11,070.56	11,517.39
Year 5 PV (M)	10,247.46	10,772.37	11,318.57
PV of Terminal Value (M)	182,146.86	191,477.08	201,185.78
Equity Value (M)	237,069.85	248,040.06	259,432.20
Shares Outstanding (M)	464.06	464.06	464.06
Fair Value	$510.86	$534.50	$559.05
Upside / Downside	-48.09%	-45.69%	-43.19%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 46 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
ATCOL	Atlas Corp.	3.53%	$0.89	30.47%
AWC-R.BK	Asset World Corp Public Company Limited	3.53%	$0.07	37.62%
CCRO3.SA	CCR S.A.	3.53%	$0.48	66.57%
HMU.DE	HMS Bergbau AG	3.53%	$1.69	29.89%
RAUTE.HE	Raute Oyj	3.53%	$0.52	26.97%
RWE.DE	RWE AG	3.53%	$1.66	46.76%
SNL.AX	Supply Network Limited	3.53%	$1.13	67.28%
0NHS.L	Nutrien Ltd.	3.52%	$2.18	58.76%
CELL.MI	Cellularline S.p.A.	3.52%	$0.09	34.70%
INFREA.ST	Infrea AB	3.52%	$0.50	67.57%
ISSP.JK	PT Steel Pipe Industry of Indonesia Tbk	3.52%	$15.00	19.85%
MGA	Magna International Inc.	3.52%	$1.92	52.47%
PARP.PA	Groupe Partouche S.A.	3.52%	$0.64	38.61%
PKI.TO	Parkland Corporation	3.52%	$1.40	73.81%
SMU.SN	SMU S.A.	3.52%	$5.49	46.99%
161390.KS	Hankook Tire & Technology Co., Ltd.	3.51%	$2,000.00	25.86%
300360.SZ	Hangzhou Sunrise Technology Co., Ltd.	3.51%	$0.61	52.03%
5106.KL	Axis Real Estate Investment Trust	3.51%	$0.07	56.99%
601128.SS	Jiangsu Changshu Rural Commercial Bank Co., Ltd.	3.51%	$0.25	19.56%
INTP.JK	PT Indocement Tunggal Prakarsa Tbk	3.51%	$259.81	43.04%
RATO-A.ST	Ratos AB (publ)	3.51%	$1.35	12.15%
002887.SZ	Tianjin LVYIN Landscape and Ecology Construction Co., Ltd	3.50%	$0.33	84.50%
603062.SS	MEGA P&C Advanced Materials (Shanghai) Company Limited	3.50%	$1.66	74.27%
CMCL	Caledonia Mining Corporation Plc	3.50%	$0.92	35.87%
DLO	DLocal Limited	3.50%	$0.49	87.74%
LAZ	Lazard Ltd	3.50%	$1.74	67.48%
TWL.MI	TraWell Co S.p.A.	3.50%	$0.21	28.69%
WJP.SI	VICOM Ltd	3.50%	$0.06	66.95%
005610.KS	SPC Samlip Co., Ltd.	3.49%	$1,803.39	45.19%
0RFL.L	VAT Group AG	3.49%	$12.50	88.50%
2030.HK	Cabbeen Fashion Limited	3.49%	$0.05	63.92%
5206.TWO	Kunyue Development Co., Ltd.	3.49%	$1.18	21.91%
5246.KL	Westports Holdings Berhad	3.49%	$0.20	71.36%
5989.T	H-One Co.,Ltd.	3.49%	$49.44	14.49%
ACO-X.TO	ATCO Ltd.	3.49%	$1.98	50.80%
CNI	Canadian National Railway Company	3.49%	$3.50	50.64%
PEAB3.SA	Companhia de Participações Aliança da Bahia	3.49%	$1.36	78.68%
026960.KS	Dong Suh Companies Inc.	3.48%	$905.33	62.72%
055550.KS	Shinhan Financial Group Co., Ltd.	3.48%	$2,668.74	26.55%
0QK5.L	INFICON Holding AG	3.48%	$3.44	43.54%
6722.TWO	Whetron Electronics Co.,Ltd.	3.48%	$1.99	24.71%
HOLM-A.ST	Holmen AB (publ)	3.48%	$12.23	66.11%
002206.SZ	Zhejiang Hailide New Material Co.,Ltd	3.47%	$0.20	43.30%
3004.SR	Northern Region Cement Company	3.47%	$0.25	79.89%
4129.TWO	United Orthopedic Corporation	3.47%	$3.80	69.70%
600133.SS	Wuhan East Lake High Technology Group Co., Ltd.	3.47%	$0.32	87.27%
601995.SS	China International Capital Corporation Limited	3.47%	$1.21	62.35%
6471.T	NSK Ltd.	3.47%	$33.82	92.34%
CSED3.SA	Cruzeiro do Sul Educacional S.A.	3.47%	$0.21	30.49%
GPRA.JK	PT Perdana Gapuraprima Tbk	3.47%	$5.00	18.12%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Yamaha Corporation (7951.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener