DDM Analysis: 3702.TW

Valuation Snapshot

Stable Growth	$331.84 - $849.49	$796.05
Multi-Stage	$148.83 - $162.85	$155.71
Blended Fair Value	$475.88
Current Price	$70.20
Upside	577.89%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	6.72%	5.12%	3.48	3.81	3.48	3.11	2.30	2.51	2.43	2.32	2.20	2.30
YoY Growth	-	-	-8.56%	9.36%	11.98%	35.23%	-8.57%	3.50%	4.83%	5.15%	-4.00%	8.70%
Dividend Yield	-	-	5.61%	4.11%	6.93%	5.55%	4.71%	7.08%	5.97%	5.56%	5.32%	6.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	7,748.37
(-) Cash Dividends Paid (M)	6,276.70
(=) Cash Retained (M)	1,471.67

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,549.67	968.55	581.13
Cash Retained (M)	1,471.67	1,471.67	1,471.67
(-) Cash Required (M)	-1,549.67	-968.55	-581.13
(=) Excess Retained (M)	-78.01	503.12	890.54
(/) Shares Outstanding (M)	1,803.60	1,803.60	1,803.60
(=) Excess Retained per Share	-0.04	0.28	0.49
LTM Dividend per Share	3.48	3.48	3.48
(+) Excess Retained per Share	-0.04	0.28	0.49
(=) Adjusted Dividend	3.44	3.76	3.97
WACC / Discount Rate	5.97%	5.97%	5.97%
Growth Rate	4.88%	5.88%	6.88%
Fair Value	$331.84	$796.05	$849.49
Upside / Downside	372.71%	1,033.98%	1,110.10%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	7,748.37	8,204.35	8,687.17	9,198.40	9,739.71	10,312.89	10,622.27
Payout Ratio	81.01%	82.81%	84.60%	86.40%	88.20%	90.00%	92.50%
Projected Dividends (M)	6,276.70	6,793.64	7,349.69	7,947.66	8,590.56	9,281.60	9,825.60

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.97%	5.97%	5.97%
Growth Rate	4.88%	5.88%	6.88%
Year 1 PV (M)	6,350.30	6,410.84	6,471.39
Year 2 PV (M)	6,421.73	6,544.76	6,668.97
Year 3 PV (M)	6,491.02	6,678.46	6,869.47
Year 4 PV (M)	6,558.23	6,811.94	7,072.94
Year 5 PV (M)	6,623.37	6,945.19	7,279.40
PV of Terminal Value (M)	235,987.14	247,453.53	259,361.36
Equity Value (M)	268,431.78	280,844.72	293,723.53
Shares Outstanding (M)	1,803.60	1,803.60	1,803.60
Fair Value	$148.83	$155.71	$162.85
Upside / Downside	112.01%	121.81%	131.99%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 90 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
688267.SS	China Catalyst Holding Co., Ltd.	1.26%	$0.35	34.87%
8848.T	Leopalace21 Corporation	1.26%	$8.31	27.11%
BAUH4.SA	Excelsior Alimentos S.A.	1.26%	$1.17	21.88%
CAST.ST	Castellum AB (publ)	1.26%	$1.33	21.53%
CRH	CRH plc	1.26%	$1.60	33.62%
HBEL.BO	Humming Bird Education Limited	1.26%	$0.30	36.54%
JCI	Johnson Controls International plc	1.26%	$1.54	56.71%
KOG.OL	Kongsberg Gruppen ASA	1.26%	$3.40	42.40%
OEM-B.ST	OEM International AB (publ)	1.26%	$1.74	40.26%
SAREGAMA.BO	Saregama India Limited	1.26%	$4.51	42.77%
SDPC.JK	PT Millennium Pharmacon International Tbk	1.26%	$2.00	15.16%
002448.SZ	ZYNP Corporation	1.25%	$0.16	32.06%
0QLU.L	Basler Kantonalbank	1.25%	$1.11	12.42%
145720.KS	Dentium Co. Ltd.	1.25%	$599.51	9.81%
204320.KS	Mando Corporation	1.25%	$820.37	29.46%
3684.TWO	Grand-Tek Technology Co., Ltd.	1.25%	$0.80	29.94%
5819.KL	Hong Leong Bank Berhad	1.25%	$0.28	13.43%
600633.SS	Zhejiang Daily Digital Culture Group Co.,Ltd.	1.25%	$0.16	35.54%
600850.SS	CETC Digital Technology Co.,Ltd.	1.25%	$0.37	49.83%
603329.SS	Shanghai Ace Investment & Development Co., Ltd.	1.25%	$0.14	79.14%
603920.SS	Olympic Circuit Technology Co., Ltd	1.25%	$0.61	53.40%
6632.T	JVCKENWOOD Corporation	1.25%	$15.03	12.26%
9717.T	JASTEC Co., Ltd.	1.25%	$24.25	22.00%
9719.T	SCSK Corporation	1.25%	$70.95	36.13%
ENTER.AT	Entersoft S.A.	1.25%	$0.10	20.30%
ETN	Eaton Corporation plc	1.25%	$4.08	40.54%
IRFC.BO	Indian Railway Finance Corporation Limited	1.25%	$1.60	30.59%
LVC.WA	LiveChat Software S.A.	1.25%	$1.46	20.71%
ORSTED.CO	Ørsted A/S	1.25%	$1.60	10.19%
000514.SZ	Chongqing Yukaifa Co., Ltd	1.24%	$0.06	55.20%
002346.SZ	Shanghai Zhezhong Group Co.,Ltd	1.24%	$0.25	18.48%
002748.SZ	Jiangxi Selon Industrial Co., Ltd.	1.24%	$0.16	89.09%
1976.T	MEISEI INDUSTRIAL Co.,Ltd.	1.24%	$21.03	12.53%
300763.SZ	Ginlong Technologies Co., Ltd.	1.24%	$0.88	39.17%
600871.SS	Sinopec Oilfield Service Corporation	1.24%	$0.03	81.02%
603585.SS	Suli Co., Ltd.	1.24%	$0.23	35.70%
605116.SS	Aurisco Pharmaceutical Co.,Ltd.	1.24%	$0.31	29.49%
ALWED.PA	Wedia S.A.	1.24%	$0.38	21.38%
MNC.WA	Mennica Polska S.A.	1.24%	$0.60	6.22%
MTHH.CO	MT Højgaard Holding A/S	1.24%	$6.49	19.74%
WALL-B.ST	Wallenstam AB (publ)	1.24%	$0.51	17.40%
WRT1V.HE	Wärtsilä Oyj Abp	1.24%	$0.38	40.46%
041830.KQ	InBody Co.,Ltd	1.23%	$400.00	16.47%
0QHK.L	SeSa S.p.A.	1.23%	$1.12	27.54%
0Y5C.L	Allegion plc	1.23%	$1.99	26.83%
300726.SZ	Zhuzhou Hongda Electronics Corp.,Ltd.	1.23%	$0.63	74.98%
300916.SZ	Shenzhen Longtech Smart Control Co., Ltd.	1.23%	$0.40	42.79%
4148.TW	All Cosmos Bio-Tech Holding Corporation	1.23%	$0.48	23.21%
544.SI	CSE Global Limited	1.23%	$0.01	26.84%
600104.SS	SAIC Motor Corporation Limited	1.23%	$0.19	75.02%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

WPG Holdings Limited (3702.TW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener