DDM Analysis: 4506.T

Valuation Snapshot

Stable Growth	$2,066.30 - $2,839.45	$2,456.87
Multi-Stage	$4,002.40 - $4,422.82	$4,208.33
Blended Fair Value	$3,332.60
Current Price	$1,711.00
Upside	94.77%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-81.30%	-54.05%	0.01	7.03	28.00	28.00	27.99	32.99	27.99	20.00	18.00	18.00
YoY Growth	-	-	-99.89%	-74.90%	-0.01%	0.05%	-15.15%	17.84%	40.01%	11.09%	-0.01%	0.00%
Dividend Yield	-	-	0.00%	1.80%	4.38%	2.57%	1.20%	2.21%	1.32%	0.85%	1.17%	1.02%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	154,723.00
(-) Cash Dividends Paid (M)	3.00
(=) Cash Retained (M)	154,720.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	30,944.60	19,340.38	11,604.23
Cash Retained (M)	154,720.00	154,720.00	154,720.00
(-) Cash Required (M)	-30,944.60	-19,340.38	-11,604.23
(=) Excess Retained (M)	123,775.40	135,379.63	143,115.78
(/) Shares Outstanding (M)	397.29	397.29	397.29
(=) Excess Retained per Share	311.55	340.76	360.23
LTM Dividend per Share	0.01	0.01	0.01
(+) Excess Retained per Share	311.55	340.76	360.23
(=) Adjusted Dividend	311.56	340.77	360.24
WACC / Discount Rate	8.47%	8.47%	8.47%
Growth Rate	-5.75%	-4.75%	-3.75%
Fair Value	$2,066.30	$2,456.87	$2,839.45
Upside / Downside	20.77%	43.59%	65.95%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	154,723.00	147,379.16	140,383.89	133,720.65	127,373.67	121,327.95	124,967.79
Payout Ratio	0.00%	18.00%	36.00%	54.00%	72.00%	90.00%	92.50%
Projected Dividends (M)	3.00	26,530.53	50,539.83	72,210.19	91,709.54	109,195.15	115,595.20

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.47%	8.47%	8.47%
Growth Rate	-5.75%	-4.75%	-3.75%
Year 1 PV (M)	24,203.18	24,459.96	24,716.75
Year 2 PV (M)	42,061.67	42,958.93	43,865.65
Year 3 PV (M)	54,824.86	56,588.46	58,389.48
Year 4 PV (M)	63,521.38	66,260.35	69,086.96
Year 5 PV (M)	68,997.78	72,736.50	76,635.56
PV of Terminal Value (M)	1,336,503.40	1,408,923.25	1,484,448.94
Equity Value (M)	1,590,112.27	1,671,927.46	1,757,143.35
Shares Outstanding (M)	397.29	397.29	397.29
Fair Value	$4,002.40	$4,208.33	$4,422.82
Upside / Downside	133.92%	145.96%	158.49%

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

Sumitomo Pharma Co., Ltd. (4506.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener