DDM Analysis: 9201.T

Valuation Snapshot

Stable Growth	$3,680.68 - $6,363.82	$4,834.26
Multi-Stage	$5,253.60 - $5,765.20	$5,504.54
Blended Fair Value	$5,169.40
Current Price	$2,983.00
Upside	73.30%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-0.58%	2.49%	84.89	54.80	0.00	0.02	0.07	87.37	90.13	118.53	99.59	86.34
YoY Growth	-	-	54.91%	1,196,100.00%	-71.43%	-77.42%	-99.92%	-3.05%	-23.97%	19.02%	15.35%	30.03%
Dividend Yield	-	-	2.89%	2.15%	0.00%	0.00%	0.00%	4.50%	2.57%	3.02%	2.87%	2.62%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	124,807.00
(-) Cash Dividends Paid (M)	37,500.00
(=) Cash Retained (M)	87,307.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	24,961.40	15,600.88	9,360.53
Cash Retained (M)	87,307.00	87,307.00	87,307.00
(-) Cash Required (M)	-24,961.40	-15,600.88	-9,360.53
(=) Excess Retained (M)	62,345.60	71,706.13	77,946.48
(/) Shares Outstanding (M)	436.58	436.58	436.58
(=) Excess Retained per Share	142.80	164.24	178.54
LTM Dividend per Share	85.89	85.89	85.89
(+) Excess Retained per Share	142.80	164.24	178.54
(=) Adjusted Dividend	228.70	250.14	264.43
WACC / Discount Rate	7.50%	7.50%	7.50%
Growth Rate	1.21%	2.21%	3.21%
Fair Value	$3,680.68	$4,834.26	$6,363.82
Upside / Downside	23.39%	62.06%	113.34%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	124,807.00	127,563.35	130,380.58	133,260.02	136,203.06	139,211.10	143,387.43
Payout Ratio	30.05%	42.04%	54.03%	66.02%	78.01%	90.00%	92.50%
Projected Dividends (M)	37,500.00	53,623.95	70,441.80	87,976.34	106,251.03	125,289.99	132,633.37

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.50%	7.50%	7.50%
Growth Rate	1.21%	2.21%	3.21%
Year 1 PV (M)	49,396.05	49,884.11	50,372.17
Year 2 PV (M)	59,771.92	60,958.92	62,157.59
Year 3 PV (M)	68,764.78	70,823.30	72,922.49
Year 4 PV (M)	76,500.92	79,569.52	82,729.53
Year 5 PV (M)	83,096.60	87,283.75	91,638.01
PV of Terminal Value (M)	1,956,099.02	2,054,664.74	2,157,164.32
Equity Value (M)	2,293,629.28	2,403,184.34	2,516,984.11
Shares Outstanding (M)	436.58	436.58	436.58
Fair Value	$5,253.60	$5,504.54	$5,765.20
Upside / Downside	76.12%	84.53%	93.27%

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

Japan Airlines Co., Ltd. (9201.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener