DDM Analysis: 4423.T

Valuation Snapshot

Stable Growth	$920.48 - $1,361.25	$1,131.43
Multi-Stage	$1,720.84 - $1,889.85	$1,803.70
Blended Fair Value	$1,467.57
Current Price	$1,970.00
Upside	-25.50%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2023	2022	2021	2020	2019	2018	2017
DPS	0.00%	0.00%	61.66	84.36	53.03	26.21	0.00	0.00	0.00	0.00	0.00	0.00
YoY Growth	-	-	-26.92%	59.10%	102.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	3.13%	6.90%	2.94%	1.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,800.00
(-) Cash Dividends Paid (M)	3,023.00
(=) Cash Retained (M)	2,777.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,160.00	725.00	435.00
Cash Retained (M)	2,777.00	2,777.00	2,777.00
(-) Cash Required (M)	-1,160.00	-725.00	-435.00
(=) Excess Retained (M)	1,617.00	2,052.00	2,342.00
(/) Shares Outstanding (M)	49.94	49.94	49.94
(=) Excess Retained per Share	32.38	41.09	46.90
LTM Dividend per Share	60.53	60.53	60.53
(+) Excess Retained per Share	32.38	41.09	46.90
(=) Adjusted Dividend	92.91	101.62	107.43
WACC / Discount Rate	7.89%	7.89%	7.89%
Growth Rate	-2.00%	-1.00%	0.00%
Fair Value	$920.48	$1,131.43	$1,361.25
Upside / Downside	-53.27%	-42.57%	-30.90%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,800.00	5,742.00	5,684.58	5,627.73	5,571.46	5,515.74	5,681.21
Payout Ratio	52.12%	59.70%	67.27%	74.85%	82.42%	90.00%	92.50%
Projected Dividends (M)	3,023.00	3,427.78	3,824.15	4,212.26	4,592.23	4,964.17	5,255.12

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.89%	7.89%	7.89%
Growth Rate	-2.00%	-1.00%	0.00%
Year 1 PV (M)	3,144.95	3,177.04	3,209.13
Year 2 PV (M)	3,219.12	3,285.15	3,351.86
Year 3 PV (M)	3,253.26	3,353.87	3,456.53
Year 4 PV (M)	3,254.07	3,388.94	3,527.95
Year 5 PV (M)	3,227.39	3,395.45	3,570.44
PV of Terminal Value (M)	69,837.37	73,473.96	77,260.50
Equity Value (M)	85,936.16	90,074.41	94,376.40
Shares Outstanding (M)	49.94	49.94	49.94
Fair Value	$1,720.84	$1,803.70	$1,889.85
Upside / Downside	-12.65%	-8.44%	-4.07%

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

ARTERIA Networks Corporation (4423.T)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener