DDM Analysis: ITW

Valuation Snapshot

Stable Growth	$355.97 - $2,003.33	$676.46
Multi-Stage	$387.25 - $424.86	$405.70
Blended Fair Value	$541.08
Current Price	$260.76
Upside	107.50%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.11%	9.08%	5.77	5.50	5.25	4.98	4.69	4.50	3.83	3.20	2.80	2.53
YoY Growth	-	-	4.95%	4.73%	5.40%	6.09%	4.39%	17.53%	19.45%	14.62%	10.65%	4.36%
Dividend Yield	-	-	2.33%	2.07%	2.16%	2.38%	2.12%	3.16%	2.58%	2.04%	2.11%	2.47%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,026.00
(-) Cash Dividends Paid (M)	1,761.00
(=) Cash Retained (M)	1,265.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	605.20	378.25	226.95
Cash Retained (M)	1,265.00	1,265.00	1,265.00
(-) Cash Required (M)	-605.20	-378.25	-226.95
(=) Excess Retained (M)	659.80	886.75	1,038.05
(/) Shares Outstanding (M)	293.73	293.73	293.73
(=) Excess Retained per Share	2.25	3.02	3.53
LTM Dividend per Share	6.00	6.00	6.00
(+) Excess Retained per Share	2.25	3.02	3.53
(=) Adjusted Dividend	8.24	9.01	9.53
WACC / Discount Rate	5.50%	5.50%	5.50%
Growth Rate	3.11%	4.11%	5.11%
Fair Value	$355.97	$676.46	$2,003.33
Upside / Downside	36.51%	159.42%	668.27%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,026.00	3,150.44	3,279.99	3,414.87	3,555.30	3,701.50	3,812.55
Payout Ratio	58.20%	64.56%	70.92%	77.28%	83.64%	90.00%	92.50%
Projected Dividends (M)	1,761.00	2,033.81	2,326.08	2,638.95	2,973.62	3,331.35	3,526.61

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.50%	5.50%	5.50%
Growth Rate	3.11%	4.11%	5.11%
Year 1 PV (M)	1,909.27	1,927.79	1,946.31
Year 2 PV (M)	2,049.94	2,089.89	2,130.23
Year 3 PV (M)	2,183.25	2,247.39	2,312.78
Year 4 PV (M)	2,309.49	2,400.39	2,493.95
Year 5 PV (M)	2,428.89	2,548.98	2,673.77
PV of Terminal Value (M)	102,865.22	107,950.93	113,235.84
Equity Value (M)	113,746.07	119,165.38	124,792.87
Shares Outstanding (M)	293.73	293.73	293.73
Fair Value	$387.25	$405.70	$424.86
Upside / Downside	48.51%	55.59%	62.93%

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

Illinois Tool Works Inc. (ITW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener