DDM Analysis: 2059.TW

Valuation Snapshot

Stable Growth	$11,384.37 - $13,412.71	$12,569.68
Multi-Stage	$3,619.62 - $3,969.29	$3,791.21
Blended Fair Value	$8,180.44
Current Price	$2,035.00
Upside	301.99%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	8.36%	6.58%	14.17	19.97	10.86	6.11	7.99	9.48	4.99	8.24	10.08	8.99
YoY Growth	-	-	-29.05%	83.82%	77.78%	-23.50%	-15.79%	90.00%	-39.39%	-18.32%	12.22%	20.00%
Dividend Yield	-	-	0.86%	1.58%	2.82%	1.40%	2.42%	3.25%	1.45%	2.05%	2.32%	2.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,437.83
(-) Cash Dividends Paid (M)	1,352.27
(=) Cash Retained (M)	5,085.56

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,287.57	804.73	482.84
Cash Retained (M)	5,085.56	5,085.56	5,085.56
(-) Cash Required (M)	-1,287.57	-804.73	-482.84
(=) Excess Retained (M)	3,798.00	4,280.83	4,602.72
(/) Shares Outstanding (M)	95.46	95.46	95.46
(=) Excess Retained per Share	39.79	44.85	48.22
LTM Dividend per Share	14.17	14.17	14.17
(+) Excess Retained per Share	39.79	44.85	48.22
(=) Adjusted Dividend	53.95	59.01	62.38
WACC / Discount Rate	4.94%	4.94%	4.94%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$11,384.37	$12,569.68	$13,412.71
Upside / Downside	459.43%	517.67%	559.10%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,437.83	6,856.28	7,301.94	7,776.57	8,282.05	8,820.38	9,084.99
Payout Ratio	21.00%	34.80%	48.60%	62.40%	76.20%	90.00%	92.50%
Projected Dividends (M)	1,352.27	2,386.26	3,548.96	4,852.73	6,311.00	7,938.34	8,403.62

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	4.94%	4.94%	4.94%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	2,252.62	2,273.97	2,295.32
Year 2 PV (M)	3,162.58	3,222.82	3,283.62
Year 3 PV (M)	4,082.22	4,199.41	4,318.81
Year 4 PV (M)	5,011.62	5,204.35	5,402.59
Year 5 PV (M)	5,950.86	6,238.28	6,536.71
PV of Terminal Value (M)	325,054.09	340,754.33	357,055.45
Equity Value (M)	345,513.99	361,893.16	378,892.51
Shares Outstanding (M)	95.46	95.46	95.46
Fair Value	$3,619.62	$3,791.21	$3,969.29
Upside / Downside	77.87%	86.30%	95.05%

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

King Slide Works Co., Ltd. (2059.TW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener