DDM Analysis: 6485.T

Valuation Snapshot

Stable Growth	$4,035.30 - $15,185.14	$6,786.76
Multi-Stage	$3,527.99 - $3,868.77	$3,695.20
Blended Fair Value	$5,240.98
Current Price	$1,490.00
Upside	251.74%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	16.56%	7.99%	43.86	37.77	37.48	24.29	23.28	20.38	22.36	22.70	24.34	20.33
YoY Growth	-	-	16.11%	0.77%	54.27%	4.36%	14.22%	-8.86%	-1.49%	-6.75%	19.71%	0.00%
Dividend Yield	-	-	3.58%	2.80%	3.36%	2.73%	2.26%	2.03%	2.27%	2.33%	3.18%	3.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,929.00
(-) Cash Dividends Paid (M)	466.00
(=) Cash Retained (M)	2,463.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	585.80	366.13	219.68
Cash Retained (M)	2,463.00	2,463.00	2,463.00
(-) Cash Required (M)	-585.80	-366.13	-219.68
(=) Excess Retained (M)	1,877.20	2,096.88	2,243.33
(/) Shares Outstanding (M)	20.70	20.70	20.70
(=) Excess Retained per Share	90.67	101.28	108.35
LTM Dividend per Share	22.51	22.51	22.51
(+) Excess Retained per Share	90.67	101.28	108.35
(=) Adjusted Dividend	113.18	123.79	130.86
WACC / Discount Rate	6.74%	6.74%	6.74%
Growth Rate	3.83%	4.83%	5.83%
Fair Value	$4,035.30	$6,786.76	$15,185.14
Upside / Downside	170.83%	355.49%	919.14%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,929.00	3,070.36	3,218.53	3,373.86	3,536.69	3,707.37	3,818.59
Payout Ratio	15.91%	30.73%	45.55%	60.36%	75.18%	90.00%	92.50%
Projected Dividends (M)	466.00	943.46	1,465.91	2,036.60	2,658.95	3,336.63	3,532.20

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.74%	6.74%	6.74%
Growth Rate	3.83%	4.83%	5.83%
Year 1 PV (M)	875.47	883.90	892.33
Year 2 PV (M)	1,262.24	1,286.68	1,311.34
Year 3 PV (M)	1,627.27	1,674.74	1,723.13
Year 4 PV (M)	1,971.43	2,048.49	2,127.78
Year 5 PV (M)	2,295.61	2,408.31	2,525.39
PV of Terminal Value (M)	65,011.16	68,202.82	71,518.63
Equity Value (M)	73,043.18	76,504.93	80,098.60
Shares Outstanding (M)	20.70	20.70	20.70
Fair Value	$3,527.99	$3,695.20	$3,868.77
Upside / Downside	136.78%	148.00%	159.65%

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

Maezawa Kyuso Industries Co.,Ltd. (6485.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener