DDM Analysis: 3569.T

Valuation Snapshot

Stable Growth	$25,918.53 - $50,988.31	$47,783.52
Multi-Stage	$7,848.19 - $8,594.54	$8,214.49
Blended Fair Value	$27,999.00
Current Price	$3,050.00
Upside	818.00%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	10.25%	13.37%	58.46	41.73	39.03	32.68	33.81	35.88	30.34	33.37	25.27	22.24
YoY Growth	-	-	40.06%	6.94%	19.42%	-3.35%	-5.75%	18.24%	-9.08%	32.08%	13.62%	33.40%
Dividend Yield	-	-	2.51%	1.73%	1.59%	1.62%	1.54%	2.64%	1.96%	1.93%	1.43%	2.31%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	15,149.00
(-) Cash Dividends Paid (M)	4,022.00
(=) Cash Retained (M)	11,127.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	3,029.80	1,893.63	1,136.18
Cash Retained (M)	11,127.00	11,127.00	11,127.00
(-) Cash Required (M)	-3,029.80	-1,893.63	-1,136.18
(=) Excess Retained (M)	8,097.20	9,233.38	9,990.83
(/) Shares Outstanding (M)	59.09	59.09	59.09
(=) Excess Retained per Share	137.04	156.27	169.09
LTM Dividend per Share	68.07	68.07	68.07
(+) Excess Retained per Share	137.04	156.27	169.09
(=) Adjusted Dividend	205.11	224.34	237.15
WACC / Discount Rate	6.33%	6.33%	6.33%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$25,918.53	$47,783.52	$50,988.31
Upside / Downside	749.79%	1,466.67%	1,571.75%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	15,149.00	16,133.69	17,182.37	18,299.23	19,488.68	20,755.44	21,378.11
Payout Ratio	26.55%	39.24%	51.93%	64.62%	77.31%	90.00%	92.50%
Projected Dividends (M)	4,022.00	6,330.81	8,922.77	11,824.93	15,066.68	18,679.90	19,774.75

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.33%	6.33%	6.33%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	5,897.75	5,953.65	6,009.55
Year 2 PV (M)	7,743.79	7,891.29	8,040.18
Year 3 PV (M)	9,560.49	9,834.93	10,114.58
Year 4 PV (M)	11,348.18	11,784.60	12,233.48
Year 5 PV (M)	13,107.21	13,740.29	14,397.60
PV of Terminal Value (M)	416,070.30	436,166.65	457,032.13
Equity Value (M)	463,727.71	485,371.41	507,827.53
Shares Outstanding (M)	59.09	59.09	59.09
Fair Value	$7,848.19	$8,214.49	$8,594.54
Upside / Downside	157.32%	169.33%	181.79%

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

Periods / Units / Analysis

Fundamentals

Valuations

Mode

Miscellaneous

Ticker

Industry

Sector

Seiren Co.,Ltd. (3569.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener