DDM Analysis: 4519.T

Valuation Snapshot

Stable Growth	$25,555.62 - $47,995.02	$44,978.37
Multi-Stage	$7,709.09 - $8,429.28	$8,062.60
Blended Fair Value	$26,520.48
Current Price	$6,448.00
Upside	311.30%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	18.77%	18.44%	80.96	79.95	83.98	59.93	55.56	34.25	21.27	18.26	19.25	17.24
YoY Growth	-	-	1.26%	-4.79%	40.12%	7.88%	62.22%	61.01%	16.49%	-5.12%	11.64%	15.72%
Dividend Yield	-	-	1.19%	1.40%	2.57%	1.46%	1.24%	0.82%	0.84%	1.02%	1.51%	1.48%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	397,202.00
(-) Cash Dividends Paid (M)	299,832.00
(=) Cash Retained (M)	97,370.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	79,440.40	49,650.25	29,790.15
Cash Retained (M)	97,370.00	97,370.00	97,370.00
(-) Cash Required (M)	-79,440.40	-49,650.25	-29,790.15
(=) Excess Retained (M)	17,929.60	47,719.75	67,579.85
(/) Shares Outstanding (M)	1,645.87	1,645.87	1,645.87
(=) Excess Retained per Share	10.89	28.99	41.06
LTM Dividend per Share	182.17	182.17	182.17
(+) Excess Retained per Share	10.89	28.99	41.06
(=) Adjusted Dividend	193.07	211.17	223.23
WACC / Discount Rate	6.30%	6.30%	6.30%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$25,555.62	$44,978.37	$47,995.02
Upside / Downside	296.33%	597.56%	644.34%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	397,202.00	423,020.13	450,516.44	479,800.01	510,987.01	544,201.16	560,527.20
Payout Ratio	75.49%	78.39%	81.29%	84.19%	87.10%	90.00%	92.50%
Projected Dividends (M)	299,832.00	331,600.49	366,232.09	403,964.78	445,055.40	489,781.05	518,487.66

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.30%	6.30%	6.30%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	309,027.34	311,956.51	314,885.68
Year 2 PV (M)	318,067.93	324,126.23	330,241.68
Year 3 PV (M)	326,955.56	336,341.28	345,904.92
Year 4 PV (M)	335,692.04	348,601.81	361,880.40
Year 5 PV (M)	344,279.12	360,907.93	378,173.16
PV of Terminal Value (M)	11,054,137.64	11,588,056.62	12,142,409.94
Equity Value (M)	12,688,159.62	13,269,990.37	13,873,495.78
Shares Outstanding (M)	1,645.87	1,645.87	1,645.87
Fair Value	$7,709.09	$8,062.60	$8,429.28
Upside / Downside	19.56%	25.04%	30.73%

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

Chugai Pharmaceutical Co., Ltd. (4519.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener