DDM Analysis: 9304.T

Valuation Snapshot

Stable Growth	$1,030.91 - $1,630.13	$1,304.53
Multi-Stage	$935.12 - $1,018.21	$975.93
Blended Fair Value	$1,140.23
Current Price	$1,158.00
Upside	-1.53%
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	18.55%	12.37%	29.73	23.81	21.16	14.82	13.50	12.70	12.03	13.90	10.59	10.59
YoY Growth	-	-	24.87%	12.51%	42.77%	9.81%	6.31%	5.50%	-13.41%	31.25%	0.00%	14.29%
Dividend Yield	-	-	2.95%	2.86%	3.03%	2.79%	2.55%	2.45%	2.82%	3.22%	2.33%	3.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,548.00
(-) Cash Dividends Paid (M)	2,034.00
(=) Cash Retained (M)	3,514.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,109.60	693.50	416.10
Cash Retained (M)	3,514.00	3,514.00	3,514.00
(-) Cash Required (M)	-1,109.60	-693.50	-416.10
(=) Excess Retained (M)	2,404.40	2,820.50	3,097.90
(/) Shares Outstanding (M)	57.42	57.42	57.42
(=) Excess Retained per Share	41.87	49.12	53.95
LTM Dividend per Share	35.42	35.42	35.42
(+) Excess Retained per Share	41.87	49.12	53.95
(=) Adjusted Dividend	77.30	84.54	89.37
WACC / Discount Rate	12.53%	12.53%	12.53%
Growth Rate	4.68%	5.68%	6.68%
Fair Value	$1,030.91	$1,304.53	$1,630.13
Upside / Downside	-10.98%	12.65%	40.77%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,548.00	5,863.34	6,196.60	6,548.81	6,921.03	7,314.41	7,533.85
Payout Ratio	36.66%	47.33%	58.00%	68.66%	79.33%	90.00%	92.50%
Projected Dividends (M)	2,034.00	2,775.09	3,593.85	4,496.72	5,490.62	6,582.97	6,968.81

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	12.53%	12.53%	12.53%
Growth Rate	4.68%	5.68%	6.68%
Year 1 PV (M)	2,442.69	2,466.02	2,489.36
Year 2 PV (M)	2,784.47	2,837.93	2,891.89
Year 3 PV (M)	3,066.69	3,155.42	3,245.84
Year 4 PV (M)	3,296.00	3,423.76	3,555.19
Year 5 PV (M)	3,478.40	3,647.74	3,823.62
PV of Terminal Value (M)	38,626.94	40,507.46	42,460.52
Equity Value (M)	53,695.20	56,038.33	58,466.42
Shares Outstanding (M)	57.42	57.42	57.42
Fair Value	$935.12	$975.93	$1,018.21
Upside / Downside	-19.25%	-15.72%	-12.07%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 63 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
112610.KS	CS Wind Corporation	2.43%	$982.89	21.73%
300452.SZ	Anhui Sunhere Pharmaceutical Excipients Co.,Ltd.	2.43%	$0.33	58.46%
603599.SS	Anhui Guangxin Agrochemical Co., Ltd.	2.43%	$0.28	35.02%
605286.SS	Jiangsu Tongli Risheng Machinery Co., Ltd.	2.43%	$0.99	75.51%
9569.SR	Almuneef Company for Trade, Industry, Agriculture and Contracting	2.43%	$0.20	19.26%
ALV	Autoliv, Inc.	2.43%	$2.97	30.32%
KEPEN.AT	Flour Mills Kepenos S.A.	2.43%	$0.05	39.82%
MSAB-B.ST	Micro Systemation AB (publ)	2.43%	$1.50	65.33%
NEOE3.SA	Neoenergia S.A.	2.43%	$0.77	21.26%
OV8.SI	Sheng Siong Group Ltd	2.43%	$0.06	66.54%
VIL.PA	VIEL & Cie, S.A.	2.43%	$0.40	12.44%
002236.SZ	Zhejiang Dahua Technology Co., Ltd.	2.42%	$0.46	38.43%
006730.KQ	Seobu T&D Co., Ltd.	2.42%	$309.73	27.66%
071050.KS	Korea Investment Holdings Co., Ltd.	2.42%	$3,984.93	13.09%
0DQK.L	Beter Bed Holding N.V.	2.42%	$0.15	53.98%
2409.TW	AUO Corporation	2.42%	$0.31	41.22%
300453.SZ	Jiangxi Sanxin Medtec Co.,Ltd.	2.42%	$0.21	45.08%
600064.SS	Nanjing Gaoke Company Limited	2.42%	$0.21	15.60%
601236.SS	Hongta Securities Co., Ltd.	2.42%	$0.20	95.69%
9550.SR	Sure Global Tech Company	2.42%	$1.52	28.67%
9562.SR	Foods Gate Trading Co.	2.42%	$0.67	13.40%
AEONTS-R.BK	AEON Thana Sinsap (Thailand) Public Company Limited	2.42%	$2.60	21.04%
NMAN.ST	Nederman Holding AB (publ)	2.42%	$4.00	47.45%
SALIK.AE	Salik Company P.J.S.C.	2.42%	$0.16	83.74%
SKMO.ST	Skåne-möllan AB (publ)	2.42%	$1.40	96.86%
001130.KS	Daehan Flour Mills Co.,Ltd	2.41%	$3,470.92	10.83%
080160.KQ	Modetour Network Inc.	2.41%	$249.37	24.80%
0U96.L	Everest Re Group, Ltd.	2.41%	$8.07	61.23%
3591.T	Wacoal Holdings Corp.	2.41%	$106.27	49.77%
601966.SS	Shandong Linglong Tyre Co.,Ltd.	2.41%	$0.35	42.43%
7951.T	Yamaha Corporation	2.41%	$26.35	66.95%
BORG.ST	Björn Borg AB (publ)	2.41%	$1.50	43.49%
EIOF.OL	Eidesvik Offshore ASA	2.41%	$0.30	28.32%
ETTE.HE	Etteplan Oyj	2.41%	$0.23	71.21%
ZZ-B.ST	Zinzino AB (publ)	2.41%	$3.76	58.64%
002968.SZ	New Dazheng Property Group Co., Ltd.	2.40%	$0.29	59.28%
0NZN.L	Robertet S.A.	2.40%	$21.10	23.60%
4015.SR	Jamjoom Pharmaceuticals Factory Company	2.40%	$3.46	54.14%
7703.TWO	Rayzher	2.40%	$5.49	59.71%
BBL.AX	Brisbane Broncos Limited	2.40%	$0.04	25.15%
002158.SZ	Shanghai Hanbell Precise Machinery Co., Ltd.	2.39%	$0.60	60.14%
004690.KS	Samchully Co.,Ltd	2.39%	$3,000.02	10.30%
0GVS.L	Catena AB (publ)	2.39%	$8.76	32.84%
300577.SZ	Anhui Korrun Co., Ltd.	2.39%	$0.51	36.22%
3044.TW	Tripod Technology Corporation	2.39%	$7.48	42.14%
603080.SS	Xinjiang Torch Gas Co., Ltd	2.39%	$0.57	43.55%
6780.TWO	Study King Co., Ltd.	2.39%	$0.80	89.60%
6804.T	Hosiden Corporation	2.39%	$59.44	25.81%
KBLM.JK	PT Kabelindo Murni Tbk	2.39%	$8.08	12.05%
SCANFL.HE	Scanfil Oyj	2.39%	$0.24	42.33%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

The Shibusawa Warehouse Co., Ltd. (9304.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener