DDM Analysis: 9303.T

Valuation Snapshot

Stable Growth	$23,432.33 - $56,134.07	$52,605.85
Multi-Stage	$8,228.16 - $9,005.99	$8,609.93
Blended Fair Value	$30,607.89
Current Price	$3,115.00
Upside	882.60%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	14.85%	13.50%	102.45	103.03	113.31	65.41	57.32	51.28	38.39	37.70	34.69	30.08
YoY Growth	-	-	-0.57%	-9.07%	73.23%	14.11%	11.79%	33.58%	1.82%	8.69%	15.32%	4.12%
Dividend Yield	-	-	3.45%	3.92%	4.79%	3.26%	3.59%	3.96%	2.71%	2.81%	2.44%	2.97%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	21,809.00
(-) Cash Dividends Paid (M)	8,006.00
(=) Cash Retained (M)	13,803.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	4,361.80	2,726.13	1,635.68
Cash Retained (M)	13,803.00	13,803.00	13,803.00
(-) Cash Required (M)	-4,361.80	-2,726.13	-1,635.68
(=) Excess Retained (M)	9,441.20	11,076.88	12,167.33
(/) Shares Outstanding (M)	77.27	77.27	77.27
(=) Excess Retained per Share	122.19	143.36	157.47
LTM Dividend per Share	103.62	103.62	103.62
(+) Excess Retained per Share	122.19	143.36	157.47
(=) Adjusted Dividend	225.81	246.98	261.09
WACC / Discount Rate	6.52%	6.52%	6.52%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$23,432.33	$52,605.85	$56,134.07
Upside / Downside	652.24%	1,588.79%	1,702.06%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	21,809.00	23,226.59	24,736.31	26,344.17	28,056.54	29,880.22	30,776.63
Payout Ratio	36.71%	47.37%	58.03%	68.68%	79.34%	90.00%	92.50%
Projected Dividends (M)	8,006.00	11,001.90	14,353.44	18,094.19	22,260.60	26,892.20	28,468.38

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.52%	6.52%	6.52%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	10,231.82	10,328.80	10,425.79
Year 2 PV (M)	12,414.42	12,650.88	12,889.57
Year 3 PV (M)	14,554.43	14,972.23	15,397.96
Year 4 PV (M)	16,652.45	17,292.86	17,951.56
Year 5 PV (M)	18,709.10	19,612.76	20,551.00
PV of Terminal Value (M)	563,196.21	590,398.80	618,642.49
Equity Value (M)	635,758.44	665,256.34	695,858.38
Shares Outstanding (M)	77.27	77.27	77.27
Fair Value	$8,228.16	$8,609.93	$9,005.99
Upside / Downside	164.15%	176.40%	189.12%

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

The Sumitomo Warehouse Co., Ltd. (9303.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener