DDM Analysis: 2472.TW

Valuation Snapshot

Stable Growth	$195.58 - $665.54	$320.84
Multi-Stage	$186.86 - $204.64	$195.58
Blended Fair Value	$258.21
Current Price	$87.00
Upside	196.79%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	1.13%	3.86%	2.79	4.51	4.06	3.50	1.45	2.64	2.84	2.15	2.12	1.77
YoY Growth	-	-	-38.22%	11.15%	15.85%	141.50%	-44.95%	-7.11%	31.80%	1.60%	19.47%	-7.10%
Dividend Yield	-	-	3.47%	6.01%	6.19%	5.38%	1.93%	9.72%	7.11%	4.05%	5.56%	4.89%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,194.59
(-) Cash Dividends Paid (M)	663.47
(=) Cash Retained (M)	531.12

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	238.92	149.32	89.59
Cash Retained (M)	531.12	531.12	531.12
(-) Cash Required (M)	-238.92	-149.32	-89.59
(=) Excess Retained (M)	292.20	381.80	441.53
(/) Shares Outstanding (M)	165.48	165.48	165.48
(=) Excess Retained per Share	1.77	2.31	2.67
LTM Dividend per Share	4.01	4.01	4.01
(+) Excess Retained per Share	1.77	2.31	2.67
(=) Adjusted Dividend	5.78	6.32	6.68
WACC / Discount Rate	6.68%	6.68%	6.68%
Growth Rate	3.62%	4.62%	5.62%
Fair Value	$195.58	$320.84	$665.54
Upside / Downside	124.81%	268.78%	664.99%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,194.59	1,249.74	1,307.44	1,367.80	1,430.94	1,497.00	1,541.91
Payout Ratio	55.54%	62.43%	69.32%	76.22%	83.11%	90.00%	92.50%
Projected Dividends (M)	663.47	780.24	906.36	1,042.48	1,189.23	1,347.30	1,426.27

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.68%	6.68%	6.68%
Growth Rate	3.62%	4.62%	5.62%
Year 1 PV (M)	724.41	731.40	738.40
Year 2 PV (M)	781.31	796.47	811.77
Year 3 PV (M)	834.35	858.74	883.60
Year 4 PV (M)	883.71	918.32	953.94
Year 5 PV (M)	929.54	975.27	1,022.78
PV of Terminal Value (M)	26,766.80	28,083.60	29,451.72
Equity Value (M)	30,920.13	32,363.80	33,862.21
Shares Outstanding (M)	165.48	165.48	165.48
Fair Value	$186.86	$195.58	$204.64
Upside / Downside	114.78%	124.81%	135.21%

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

Analysis Mode

Ticker

Industry

Sector

Lelon Electronics Corp. (2472.TW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener