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H-One Co.,Ltd. (5989.T)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$4,226.94 - $7,219.86$5,524.40
Multi-Stage$7,539.84 - $8,295.89$7,910.54
Blended Fair Value$6,717.47
Current Price$1,287.00
Upside421.95%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-4.31%-0.59%20.7118.7124.7625.7224.6925.8225.8224.8021.9121.98
YoY Growth--10.73%-24.47%-3.70%4.14%-4.37%0.00%4.12%13.18%-0.32%0.00%
Dividend Yield--1.61%1.87%3.32%4.31%3.26%4.67%3.22%2.04%1.78%4.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9,684.00
(-) Cash Dividends Paid (M)1,403.00
(=) Cash Retained (M)8,281.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,936.801,210.50726.30
Cash Retained (M)8,281.008,281.008,281.00
(-) Cash Required (M)-1,936.80-1,210.50-726.30
(=) Excess Retained (M)6,344.207,070.507,554.70
(/) Shares Outstanding (M)28.3928.3928.39
(=) Excess Retained per Share223.48249.07266.13
LTM Dividend per Share49.4249.4249.42
(+) Excess Retained per Share223.48249.07266.13
(=) Adjusted Dividend272.91298.49315.55
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate0.08%1.08%2.08%
Fair Value$4,226.94$5,524.40$7,219.86
Upside / Downside228.43%329.25%460.98%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9,684.009,788.309,893.7310,000.2910,108.0010,216.8810,523.38
Payout Ratio14.49%29.59%44.69%59.80%74.90%90.00%92.50%
Projected Dividends (M)1,403.002,896.384,421.775,979.697,570.659,195.199,734.13

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate0.08%1.08%2.08%
Year 1 PV (M)2,691.732,718.632,745.53
Year 2 PV (M)3,818.993,895.693,973.15
Year 3 PV (M)4,799.614,944.935,093.15
Year 4 PV (M)5,647.245,876.366,112.38
Year 5 PV (M)6,374.406,699.307,037.32
PV of Terminal Value (M)190,707.03200,427.36210,540.07
Equity Value (M)214,038.98224,562.26235,501.60
Shares Outstanding (M)28.3928.3928.39
Fair Value$7,539.84$7,910.54$8,295.89
Upside / Downside485.85%514.65%544.59%

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