DDM Analysis: 8255.T

Valuation Snapshot

Stable Growth	$3,671.40 - $19,822.54	$7,195.41
Multi-Stage	$3,022.55 - $3,314.65	$3,165.87
Blended Fair Value	$5,180.64
Current Price	$1,173.00
Upside	341.66%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	6.00%	8.35%	24.96	21.69	20.52	20.53	19.76	18.65	18.20	17.68	16.40	10.42
YoY Growth	-	-	15.09%	5.66%	-0.05%	3.90%	5.99%	2.45%	2.97%	7.76%	57.45%	-6.89%
Dividend Yield	-	-	2.22%	2.15%	2.27%	2.63%	2.11%	1.73%	1.94%	1.68%	1.53%	1.18%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	9,062.00
(-) Cash Dividends Paid (M)	2,426.00
(=) Cash Retained (M)	6,636.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,812.40	1,132.75	679.65
Cash Retained (M)	6,636.00	6,636.00	6,636.00
(-) Cash Required (M)	-1,812.40	-1,132.75	-679.65
(=) Excess Retained (M)	4,823.60	5,503.25	5,956.35
(/) Shares Outstanding (M)	89.55	89.55	89.55
(=) Excess Retained per Share	53.86	61.45	66.51
LTM Dividend per Share	27.09	27.09	27.09
(+) Excess Retained per Share	53.86	61.45	66.51
(=) Adjusted Dividend	80.95	88.54	93.60
WACC / Discount Rate	6.18%	6.18%	6.18%
Growth Rate	3.89%	4.89%	5.89%
Fair Value	$3,671.40	$7,195.41	$19,822.54
Upside / Downside	212.99%	513.42%	1,589.90%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	9,062.00	9,505.08	9,969.83	10,457.30	10,968.61	11,504.92	11,850.07
Payout Ratio	26.77%	39.42%	52.06%	64.71%	77.35%	90.00%	92.50%
Projected Dividends (M)	2,426.00	3,746.61	5,190.56	6,766.76	8,484.68	10,354.43	10,961.31

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.18%	6.18%	6.18%
Growth Rate	3.89%	4.89%	5.89%
Year 1 PV (M)	3,494.90	3,528.54	3,562.18
Year 2 PV (M)	4,516.55	4,603.92	4,692.12
Year 3 PV (M)	5,492.49	5,652.63	5,815.85
Year 4 PV (M)	6,424.23	6,675.17	6,933.39
Year 5 PV (M)	7,313.20	7,672.01	8,044.77
PV of Terminal Value (M)	243,442.26	255,386.40	267,794.83
Equity Value (M)	270,683.63	283,518.68	296,843.15
Shares Outstanding (M)	89.55	89.55	89.55
Fair Value	$3,022.55	$3,165.87	$3,314.65
Upside / Downside	157.68%	169.89%	182.58%

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

Axial Retailing Inc. (8255.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener