DDM Analysis: 7936.T

Valuation Snapshot

Stable Growth	$20,083.59 - $23,661.87	$22,174.64
Multi-Stage	$13,547.23 - $14,868.86	$14,195.70
Blended Fair Value	$18,185.17
Current Price	$3,872.00
Upside	369.66%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	26.27%	16.25%	20.31	12.52	7.16	9.20	4.60	6.33	9.38	6.23	6.22	6.22
YoY Growth	-	-	62.24%	74.85%	-22.20%	100.03%	-27.30%	-32.51%	50.61%	0.07%	0.00%	38.14%
Dividend Yield	-	-	0.65%	0.72%	0.76%	1.55%	1.04%	2.53%	2.48%	1.26%	1.39%	1.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	85,180.00
(-) Cash Dividends Paid (M)	15,796.00
(=) Cash Retained (M)	69,384.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	17,036.00	10,647.50	6,388.50
Cash Retained (M)	69,384.00	69,384.00	69,384.00
(-) Cash Required (M)	-17,036.00	-10,647.50	-6,388.50
(=) Excess Retained (M)	52,348.00	58,736.50	62,995.50
(/) Shares Outstanding (M)	715.93	715.93	715.93
(=) Excess Retained per Share	73.12	82.04	87.99
LTM Dividend per Share	22.06	22.06	22.06
(+) Excess Retained per Share	73.12	82.04	87.99
(=) Adjusted Dividend	95.18	104.11	110.06
WACC / Discount Rate	2.43%	2.43%	2.43%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$20,083.59	$22,174.64	$23,661.87
Upside / Downside	418.69%	472.69%	511.10%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	85,180.00	90,716.70	96,613.29	102,893.15	109,581.20	116,703.98	120,205.10
Payout Ratio	18.54%	32.84%	47.13%	61.42%	75.71%	90.00%	92.50%
Projected Dividends (M)	15,796.00	29,787.20	45,530.51	63,194.61	82,962.67	105,033.58	111,189.72

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	2.43%	2.43%	2.43%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	28,808.69	29,081.76	29,354.83
Year 2 PV (M)	42,588.30	43,399.49	44,218.33
Year 3 PV (M)	57,169.14	58,810.26	60,482.49
Year 4 PV (M)	72,586.89	75,378.38	78,249.61
Year 5 PV (M)	88,878.66	93,171.54	97,628.71
PV of Terminal Value (M)	9,408,794.04	9,863,242.31	10,335,083.38
Equity Value (M)	9,698,825.72	10,163,083.72	10,645,017.35
Shares Outstanding (M)	715.93	715.93	715.93
Fair Value	$13,547.23	$14,195.70	$14,868.86
Upside / Downside	249.88%	266.62%	284.01%

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

ASICS Corporation (7936.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener