DDM Analysis: 0K8M.L

Valuation Snapshot

Stable Growth	$125.80 - $195.50	$158.02
Multi-Stage	$213.16 - $234.04	$223.40
Blended Fair Value	$190.71
Current Price	$300.41
Upside	-36.52%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.17%	5.92%	5.41	5.43	5.17	4.56	4.25	4.21	3.74	3.12	3.08	3.16
YoY Growth	-	-	-0.33%	4.97%	13.52%	7.08%	1.16%	12.44%	20.06%	1.15%	-2.52%	3.78%
Dividend Yield	-	-	2.28%	2.15%	2.44%	1.60%	1.58%	2.88%	1.93%	2.29%	2.75%	3.80%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,962.00
(-) Cash Dividends Paid (M)	1,218.00
(=) Cash Retained (M)	1,744.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	592.40	370.25	222.15
Cash Retained (M)	1,744.00	1,744.00	1,744.00
(-) Cash Required (M)	-592.40	-370.25	-222.15
(=) Excess Retained (M)	1,151.60	1,373.75	1,521.85
(/) Shares Outstanding (M)	225.68	225.68	225.68
(=) Excess Retained per Share	5.10	6.09	6.74
LTM Dividend per Share	5.40	5.40	5.40
(+) Excess Retained per Share	5.10	6.09	6.74
(=) Adjusted Dividend	10.50	11.48	12.14
WACC / Discount Rate	7.72%	7.72%	7.72%
Growth Rate	-0.58%	0.42%	1.42%
Fair Value	$125.80	$158.02	$195.50
Upside / Downside	-58.12%	-47.40%	-34.92%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,962.00	2,974.53	2,987.12	2,999.76	3,012.45	3,025.20	3,115.96
Payout Ratio	41.12%	50.90%	60.67%	70.45%	80.22%	90.00%	92.50%
Projected Dividends (M)	1,218.00	1,513.94	1,812.36	2,113.28	2,416.72	2,722.68	2,882.26

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.72%	7.72%	7.72%
Growth Rate	-0.58%	0.42%	1.42%
Year 1 PV (M)	1,391.42	1,405.42	1,419.41
Year 2 PV (M)	1,530.90	1,561.85	1,593.11
Year 3 PV (M)	1,640.63	1,690.64	1,741.65
Year 4 PV (M)	1,724.37	1,794.80	1,867.36
Year 5 PV (M)	1,785.47	1,877.09	1,972.43
PV of Terminal Value (M)	40,032.11	42,086.23	44,223.83
Equity Value (M)	48,104.90	50,416.03	52,817.79
Shares Outstanding (M)	225.68	225.68	225.68
Fair Value	$213.16	$223.40	$234.04
Upside / Downside	-29.04%	-25.63%	-22.09%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 80 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
301151.SZ	Shanghai Karon Eco-Valve Manufacturing Co., Ltd.	1.64%	$0.31	64.22%
4912.T	Lion Corporation	1.64%	$27.13	35.97%
5328.TWO	Hua Jung Components Co.,Ltd.	1.64%	$0.35	73.35%
600256.SS	Guanghui Energy Co., Ltd.	1.64%	$0.08	26.14%
605365.SS	Leedarson IoT Technology Inc.	1.64%	$0.44	81.91%
6244.TWO	Motech Industries Inc.	1.64%	$0.34	98.50%
6367.T	Daikin Industries,Ltd.	1.64%	$330.12	35.31%
6383.T	Daifuku Co., Ltd.	1.64%	$80.66	36.37%
6454.T	Max Co., Ltd.	1.64%	$113.15	45.27%
LSS.PA	Lectra S.A.	1.64%	$0.41	50.95%
MEVA.AT	Mevaco S.A.	1.64%	$0.15	13.50%
MOVI3.SA	Movida Participações S.A.	1.64%	$0.16	19.79%
SRSOLTD.BO	Silicon Rental Solutions Ltd.	1.64%	$1.90	9.23%
002266.SZ	Zhefu Holding Group Co., Ltd.	1.63%	$0.07	37.41%
0GDU.L	Paradox Interactive AB (publ)	1.63%	$5.00	82.82%
300121.SZ	Shandong Yanggu Huatai Chemical Co., Ltd.	1.63%	$0.21	53.84%
603013.SS	YAPP Automotive Systems Co., Ltd.	1.63%	$0.40	37.85%
603081.SS	Zhejiang Dafeng Industry Co., Ltd	1.63%	$0.23	92.61%
603194.SS	Zhejiang E-P Equipment Co Ltd	1.63%	$0.64	29.27%
603221.SS	Elegant Home-Tech Co., Ltd.	1.63%	$0.21	78.59%
BEI.DE	Beiersdorf AG	1.63%	$1.52	25.19%
CLD.WA	Cloud Technologies S.A.	1.63%	$1.14	92.28%
IVS.MI	IVS Group S.A.	1.63%	$0.12	62.72%
LDO.MI	Leonardo S.p.A.	1.63%	$0.84	33.82%
MEOH	Methanex Corporation	1.63%	$0.67	24.08%
PARKIN.AE	Parkin Company PJSC	1.63%	$0.09	49.98%
051900.KS	LG H&H Co., Ltd.	1.62%	$4,377.83	70.74%
0F4O.L	Lotus Bakeries N.V.	1.62%	$133.75	36.00%
300206.SZ	Edan Instruments, Inc.	1.62%	$0.21	48.61%
5393.T	Nichias Corporation	1.62%	$110.01	23.11%
603385.SS	Huida Sanitary Ware Co., Ltd.	1.62%	$0.11	69.37%
605050.SS	Friend Co.,Ltd.	1.62%	$0.22	30.01%
7378.T	ASIRO Inc.	1.62%	$23.93	20.21%
BPAC11.SA	Banco BTG Pactual S.A.	1.62%	$0.84	27.38%
GRMN	Garmin Ltd.	1.62%	$3.28	40.42%
RUBFILA.BO	Rubfila International Limited	1.62%	$1.20	22.45%
VALO.BA	Banco de Valores S.A.	1.62%	$8.91	22.52%
WAS.WA	Wasko S.A.	1.62%	$0.03	19.20%
002152.SZ	GRG Banking Equipment Co., Ltd.	1.61%	$0.22	65.18%
002457.SZ	Ningxia Qinglong Pipes Industry Group Co., Ltd.	1.61%	$0.18	28.21%
002913.SZ	Aoshikang Technology Co., Ltd.	1.61%	$0.69	60.58%
007570.KS	Ilyang Pharmaceutical Co.,Ltd	1.61%	$210.74	33.61%
066570.KS	LG Electronics Inc.	1.61%	$1,472.83	36.12%
603181.SS	Zhejiang Huangma Technology Co.,Ltd	1.61%	$0.23	29.53%
603416.SS	WuXi Xinje Electric Co.,Ltd.	1.61%	$0.89	59.24%
ABB.AX	Aussie Broadband Limited	1.61%	$0.08	39.83%
H22.SI	Hong Leong Asia Ltd.	1.61%	$0.04	31.75%
MATAS.CO	Matas A/S	1.61%	$2.00	26.57%
SRSN.JK	PT Indo Acidatama Tbk	1.61%	$1.00	12.49%
000050.KS	Kyungbangco.Ltd	1.60%	$149.61	11.55%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Norfolk Southern Corporation (0K8M.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener