DDM Analysis: 3242.T

Valuation Snapshot

Stable Growth	$10,839.46 - $21,811.02	$20,440.12
Multi-Stage	$3,300.83 - $3,616.74	$3,455.87
Blended Fair Value	$11,947.99
Current Price	$572.00
Upside	1,988.81%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	3.42%	9.98%	20.62	18.68	16.70	16.73	15.75	17.43	11.91	14.09	13.32	11.04
YoY Growth	-	-	10.38%	11.88%	-0.18%	6.20%	-9.64%	46.37%	-15.50%	5.82%	20.60%	38.66%
Dividend Yield	-	-	3.60%	4.88%	4.23%	5.58%	5.03%	6.41%	2.90%	4.03%	3.80%	3.39%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,704.84
(-) Cash Dividends Paid (M)	360.00
(=) Cash Retained (M)	3,344.84

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	740.97	463.11	277.86
Cash Retained (M)	3,344.84	3,344.84	3,344.84
(-) Cash Required (M)	-740.97	-463.11	-277.86
(=) Excess Retained (M)	2,603.87	2,881.74	3,066.98
(/) Shares Outstanding (M)	33.78	33.78	33.78
(=) Excess Retained per Share	77.08	85.31	90.79
LTM Dividend per Share	10.66	10.66	10.66
(+) Excess Retained per Share	77.08	85.31	90.79
(=) Adjusted Dividend	87.74	95.96	101.45
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$10,839.46	$20,440.12	$21,811.02
Upside / Downside	1,795.01%	3,473.45%	3,713.12%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,704.84	3,945.66	4,202.12	4,475.26	4,766.15	5,075.95	5,228.23
Payout Ratio	9.72%	25.77%	41.83%	57.89%	73.94%	90.00%	92.50%
Projected Dividends (M)	360.00	1,016.94	1,757.76	2,590.59	3,524.26	4,568.36	4,836.11

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	947.20	956.18	965.16
Year 2 PV (M)	1,524.96	1,554.00	1,583.32
Year 3 PV (M)	2,093.37	2,153.46	2,214.69
Year 4 PV (M)	2,652.56	2,754.56	2,859.49
Year 5 PV (M)	3,202.63	3,357.31	3,517.92
PV of Terminal Value (M)	101,084.98	105,967.43	111,036.73
Equity Value (M)	111,505.69	116,742.95	122,177.32
Shares Outstanding (M)	33.78	33.78	33.78
Fair Value	$3,300.83	$3,455.87	$3,616.74
Upside / Downside	477.07%	504.17%	532.30%

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%

Financials

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Urbanet Corporation Co.,Ltd. (3242.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener