DDM Analysis: 0M3Q.L

Valuation Snapshot

Stable Growth	$226.13 - $1,179.59	$455.36
Multi-Stage	$126.61 - $138.44	$132.42
Blended Fair Value	$293.89
Current Price	$146.32
Upside	100.85%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	20.14%	18.33%	1.76	1.55	1.37	1.06	0.85	0.70	0.54	0.46	0.42	0.38
YoY Growth	-	-	13.58%	13.26%	28.90%	24.74%	21.02%	29.22%	17.96%	9.57%	11.90%	15.07%
Dividend Yield	-	-	1.07%	0.93%	0.82%	0.56%	0.54%	0.60%	0.54%	0.55%	0.79%	0.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,651.00
(-) Cash Dividends Paid (M)	863.00
(=) Cash Retained (M)	1,788.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	530.20	331.38	198.83
Cash Retained (M)	1,788.00	1,788.00	1,788.00
(-) Cash Required (M)	-530.20	-331.38	-198.83
(=) Excess Retained (M)	1,257.80	1,456.63	1,589.18
(/) Shares Outstanding (M)	446.95	446.95	446.95
(=) Excess Retained per Share	2.81	3.26	3.56
LTM Dividend per Share	1.93	1.93	1.93
(+) Excess Retained per Share	2.81	3.26	3.56
(=) Adjusted Dividend	4.75	5.19	5.49
WACC / Discount Rate	7.71%	7.71%	7.71%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$226.13	$455.36	$1,179.59
Upside / Downside	54.54%	211.21%	706.17%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,651.00	2,823.32	3,006.83	3,202.27	3,410.42	3,632.10	3,741.06
Payout Ratio	32.55%	44.04%	55.53%	67.02%	78.51%	90.00%	92.50%
Projected Dividends (M)	863.00	1,243.47	1,669.76	2,146.21	2,677.55	3,268.89	3,460.48

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.71%	7.71%	7.71%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,143.58	1,154.42	1,165.26
Year 2 PV (M)	1,412.27	1,439.17	1,466.32
Year 3 PV (M)	1,669.43	1,717.35	1,766.18
Year 4 PV (M)	1,915.42	1,989.08	2,064.84
Year 5 PV (M)	2,150.59	2,254.46	2,362.31
PV of Terminal Value (M)	48,297.20	50,629.97	53,052.02
Equity Value (M)	56,588.48	59,184.45	61,876.94
Shares Outstanding (M)	446.95	446.95	446.95
Fair Value	$126.61	$132.42	$138.44
Upside / Downside	-13.47%	-9.50%	-5.38%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 68 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
0316.HK	Orient Overseas (International) Limited	2.19%	$2.79	48.77%
3109.T	Shikibo Ltd.	2.19%	$22.89	30.55%
3679.T	ZIGExN Co., Ltd.	2.19%	$10.55	26.56%
4516.T	Nippon Shinyaku Co., Ltd.	2.19%	$123.87	26.14%
4617.T	Chugoku Marine Paints, Ltd.	2.19%	$96.72	42.42%
600051.SS	Ningbo United Group Co.,Ltd.	2.19%	$0.17	55.08%
603799.SS	Zhejiang Huayou Cobalt Co., Ltd	2.19%	$1.49	48.01%
7233.KL	Dufu Technology Corp. Berhad	2.19%	$0.04	95.65%
9064.T	Yamato Holdings Co., Ltd.	2.19%	$48.33	36.15%
9948.T	ARCS Company Limited	2.19%	$74.01	33.92%
000049.SZ	Shenzhen Desay Battery Technology Co., Ltd.	2.18%	$0.59	54.00%
000153.SZ	Anhui Fengyuan Pharmaceutical Co., Ltd.	2.18%	$0.14	55.80%
002237.SZ	Shandong Humon Smelting Co., Ltd.	2.18%	$0.29	61.47%
002626.SZ	Xiamen Kingdomway Group Company	2.18%	$0.43	54.26%
2468.TW	Fortune Information Systems Corp	2.18%	$0.90	78.36%
300815.SZ	EIT Environmental Development Group Co.,Ltd	2.18%	$0.50	38.67%
300910.SZ	Xinxiang Richful Lube Additive Co., Ltd	2.18%	$1.23	45.00%
4908.TWO	APAC Opto Electronics Inc.	2.18%	$1.74	72.09%
601369.SS	Xi'an Shaangu Power Co., Ltd.	2.18%	$0.22	37.55%
067160.KQ	Soop Co., Ltd.	2.17%	$1,492.25	15.52%
3898.HK	Zhuzhou CRRC Times Electric Co., Ltd.	2.17%	$0.83	29.19%
4507.T	Shionogi & Co., Ltd.	2.17%	$61.65	30.72%
603383.SS	Fujian Apex Software Co.,LTD	2.17%	$0.78	83.82%
603568.SS	Zhejiang Weiming Environment Protection Co., Ltd.	2.17%	$0.55	34.14%
7181.T	Japan Post Insurance Co., Ltd.	2.17%	$102.13	24.56%
053800.KQ	AhnLab, Inc.	2.16%	$1,304.40	28.50%
0QI9.L	Creades AB	2.16%	$1.59	16.64%
601233.SS	Tongkun Group Co., Ltd.	2.16%	$0.37	50.52%
605056.SS	Xianheng International Science&Technology Co., Ltd.	2.16%	$0.36	57.45%
MGIC	Magic Software Enterprises Ltd.	2.16%	$0.56	69.02%
002311.SZ	Guangdong Haid Group Co., Limited	2.15%	$1.19	39.51%
3727.T	Aplix Corporation	2.15%	$3.44	54.78%
603586.SS	Shandong Gold Phoenix Co.,Ltd	2.15%	$0.41	51.17%
6268.T	Nabtesco Corporation	2.15%	$80.74	60.45%
ATRLJ-B.ST	Atrium Ljungberg AB (publ)	2.15%	$0.71	41.67%
BPAN4.SA	Banco Pan S.A.	2.15%	$0.24	41.77%
NCM.AX	Newcrest Mining Limited	2.15%	$0.50	38.39%
PARAUCO.SN	Parque Arauco S.A.	2.15%	$62.73	42.33%
SHANG.BK	Shangri-La Hotel Public Company Limited	2.15%	$1.00	56.93%
VZUG.SW	V-ZUG Holding AG	2.15%	$0.91	19.03%
WTIF.SG	WisdomTree Japan Equity UCITS ETF	2.15%	$0.98	91.42%
002258.SZ	Lier Chemical Co.,LTD.	2.14%	$0.28	48.19%
002605.SZ	Shanghai Yaoji Technology Co., Ltd.	2.14%	$0.50	42.55%
0GZV.IL	Getinge AB (publ)	2.14%	$4.67	61.88%
0PMJ.L	Siemens Healthineers AG	2.14%	$0.95	49.72%
300482.SZ	Guangzhou Wondfo Biotech Co.,Ltd	2.14%	$0.42	74.45%
5288.KL	Sime Darby Property Berhad	2.14%	$0.03	42.63%
603218.SS	Riyue Heavy Industry Co., Ltd.	2.14%	$0.28	52.42%
BXB.AX	Brambles Limited	2.14%	$0.49	40.03%
POBS.BO	PlatinumOne Business Services	2.14%	$3.00	15.69%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Zoetis Inc. (0M3Q.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener