DDM Analysis: WMG

Valuation Snapshot

Stable Growth	$17.74 - $38.32	$25.36
Multi-Stage	$50.89 - $56.04	$53.41
Blended Fair Value	$39.38
Current Price	$34.06
Upside	15.63%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	2.17%	0.00%	0.60	0.57	0.53	0.50	0.42	0.54	0.15	1.45	0.13	0.00
YoY Growth	-	-	6.09%	6.18%	6.92%	20.00%	-22.97%	265.96%	-89.84%	1,001.19%	0.00%	0.00%
Dividend Yield	-	-	1.77%	1.83%	1.49%	1.43%	0.96%	1.42%	0.49%	4.82%	0.44%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	621.00
(-) Cash Dividends Paid (M)	383.00
(=) Cash Retained (M)	238.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	124.20	77.63	46.58
Cash Retained (M)	238.00	238.00	238.00
(-) Cash Required (M)	-124.20	-77.63	-46.58
(=) Excess Retained (M)	113.80	160.38	191.43
(/) Shares Outstanding (M)	636.57	636.57	636.57
(=) Excess Retained per Share	0.18	0.25	0.30
LTM Dividend per Share	0.60	0.60	0.60
(+) Excess Retained per Share	0.18	0.25	0.30
(=) Adjusted Dividend	0.78	0.85	0.90
WACC / Discount Rate	4.58%	4.58%	4.58%
Growth Rate	0.17%	1.17%	2.17%
Fair Value	$17.74	$25.36	$38.32
Upside / Downside	-47.90%	-25.55%	12.52%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	621.00	628.27	635.63	643.07	650.61	658.22	677.97
Payout Ratio	61.67%	67.34%	73.00%	78.67%	84.33%	90.00%	92.50%
Projected Dividends (M)	383.00	423.08	464.04	505.91	548.69	592.40	627.12

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	4.58%	4.58%	4.58%
Growth Rate	0.17%	1.17%	2.17%
Year 1 PV (M)	400.56	404.56	408.56
Year 2 PV (M)	415.97	424.31	432.74
Year 3 PV (M)	429.36	442.35	455.59
Year 4 PV (M)	440.89	458.76	477.17
Year 5 PV (M)	450.68	473.63	497.50
PV of Terminal Value (M)	30,255.95	31,796.62	33,399.42
Equity Value (M)	32,393.40	34,000.22	35,670.98
Shares Outstanding (M)	636.57	636.57	636.57
Fair Value	$50.89	$53.41	$56.04
Upside / Downside	49.41%	56.82%	64.52%

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

Warner Music Group Corp. (WMG)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener