DDM Analysis: 1976.T

Valuation Snapshot

Stable Growth	$15,231.89 - $33,018.60	$30,943.26
Multi-Stage	$4,903.94 - $5,372.48	$5,133.88
Blended Fair Value	$18,038.57
Current Price	$1,500.00
Upside	1,102.57%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	14.14%	20.03%	62.95	39.50	33.26	32.06	32.04	32.49	30.21	17.19	11.93	9.94
YoY Growth	-	-	59.37%	18.75%	3.76%	0.06%	-1.41%	7.57%	75.70%	44.08%	20.08%	-2.05%
Dividend Yield	-	-	4.20%	2.96%	3.38%	4.55%	4.38%	4.07%	4.12%	2.13%	1.75%	2.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	7,986.00
(-) Cash Dividends Paid (M)	1,001.00
(=) Cash Retained (M)	6,985.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,597.20	998.25	598.95
Cash Retained (M)	6,985.00	6,985.00	6,985.00
(-) Cash Required (M)	-1,597.20	-998.25	-598.95
(=) Excess Retained (M)	5,387.80	5,986.75	6,386.05
(/) Shares Outstanding (M)	48.10	48.10	48.10
(=) Excess Retained per Share	112.01	124.46	132.76
LTM Dividend per Share	20.81	20.81	20.81
(+) Excess Retained per Share	112.01	124.46	132.76
(=) Adjusted Dividend	132.82	145.27	153.57
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$15,231.89	$30,943.26	$33,018.60
Upside / Downside	915.46%	1,962.88%	2,101.24%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	7,986.00	8,505.09	9,057.92	9,646.69	10,273.72	10,941.51	11,269.76
Payout Ratio	12.53%	28.03%	43.52%	59.01%	74.51%	90.00%	92.50%
Projected Dividends (M)	1,001.00	2,383.77	3,942.07	5,692.87	7,654.63	9,847.36	10,424.53

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	2,218.93	2,239.96	2,261.00
Year 2 PV (M)	3,415.73	3,480.79	3,546.46
Year 3 PV (M)	4,591.67	4,723.48	4,857.79
Year 4 PV (M)	5,747.03	5,968.04	6,195.37
Year 5 PV (M)	6,882.06	7,214.47	7,559.60
PV of Terminal Value (M)	213,027.00	223,316.28	233,999.36
Equity Value (M)	235,882.42	246,943.03	258,419.58
Shares Outstanding (M)	48.10	48.10	48.10
Fair Value	$4,903.94	$5,133.88	$5,372.48
Upside / Downside	226.93%	242.26%	258.17%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 9 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
ATLO	Ames National Corporation	3.84%	$0.87	48.60%
FRME	First Merchants Corporation	3.83%	$1.44	35.39%
PCAR	PACCAR Inc	3.83%	$4.27	83.66%
0HJO.L	AvalonBay Communities, Inc.	3.82%	$6.86	84.26%
FE	FirstEnergy Corp.	3.82%	$1.73	75.49%
LXFR	Luxfer Holdings PLC	3.81%	$0.52	98.38%
LCII	LCI Industries	3.80%	$4.72	64.48%
NEN	New England Realty Associates Limited Partnership	3.78%	$2.44	73.23%
PAYX	Paychex, Inc.	3.78%	$4.10	91.97%
RGCO	RGC Resources, Inc.	3.78%	$0.81	63.02%
UBSI	United Bankshares, Inc.	3.78%	$1.45	48.05%
SLVM	Sylvamo Corporation	3.77%	$1.80	41.11%
CAC	Camden National Corporation	3.75%	$1.61	47.99%
ARCH	Arch Resources, Inc.	3.74%	$5.04	50.87%
USB	U.S. Bancorp	3.74%	$2.02	43.68%
WSR	Whitestone REIT	3.74%	$0.52	60.32%
FDBC	Fidelity D & D Bancorp, Inc.	3.73%	$1.61	35.71%
WNC	Wabash National Corporation	3.73%	$0.33	5.38%
VLY	Valley National Bancorp	3.72%	$0.43	47.26%
GHLD	Guild Holdings Company	3.71%	$0.74	36.91%
FNF	Fidelity National Financial, Inc.	3.69%	$2.00	46.79%
IPAR	Inter Parfums, Inc.	3.68%	$3.15	61.47%
WSBF	Waterstone Financial, Inc.	3.68%	$0.61	45.57%
AROW	Arrow Financial Corporation	3.66%	$1.15	54.67%
ASIX	AdvanSix Inc.	3.66%	$0.63	32.72%
ASRV	AmeriServ Financial, Inc.	3.66%	$0.12	78.81%
CVGW	Calavo Growers, Inc.	3.66%	$0.80	71.92%
OXY	Occidental Petroleum Corporation	3.65%	$1.55	75.62%
FMAO	Farmers & Merchants Bancorp, Inc.	3.64%	$0.89	37.59%
LNKB	LINKBANCORP, Inc.	3.64%	$0.30	29.21%
BHRB	Burke & Herbert Bank & Trust Company	3.63%	$2.24	31.71%
EOG	EOG Resources, Inc.	3.63%	$3.90	38.34%
FITB	Fifth Third Bancorp	3.61%	$1.72	47.89%
LNC	Lincoln National Corporation	3.61%	$1.63	14.98%
MCBS	MetroCity Bankshares, Inc.	3.61%	$0.95	36.60%
OZK	Bank OZK	3.61%	$1.70	26.69%
PCB	PCB Bancorp	3.61%	$0.78	31.72%
SFD	SMITHFIELD FOODS INC	3.60%	$0.80	36.46%
0HOB.L	H&R Block, Inc.	3.59%	$1.54	33.12%
ASB	Associated Banc-Corp	3.59%	$0.92	87.56%
PLOW	Douglas Dynamics, Inc.	3.59%	$1.18	66.47%
EXC	Exelon Corporation	3.58%	$1.57	56.50%
MC	Moelis & Company	3.58%	$2.55	85.89%
TIPT	Tiptree Inc.	3.57%	$0.64	49.10%
BPRN	Princeton Bancorp, Inc.	3.56%	$1.20	46.56%
EVRG	Evergy, Inc.	3.56%	$2.60	71.71%
CZFS	Citizens Financial Services, Inc.	3.55%	$1.97	27.82%
CNO-PA	CNO Financial Group, Inc. 5.125	3.54%	$0.67	22.53%
NBTB	NBT Bancorp Inc.	3.54%	$1.47	46.30%
0JQQ.L	Archer-Daniels-Midland Company	3.53%	$2.03	82.76%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

MEISEI INDUSTRIAL Co.,Ltd. (1976.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener