Definitive Analysis
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Hankyu Hanshin REIT, Inc. (8977.T)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$142,922.59 - $235,014.09$183,884.90
Multi-Stage$294,697.05 - $323,341.33$308,744.10
Blended Fair Value$246,314.50
Current Price$148,000.00
Upside66.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.03%4.70%6,082.686,058.775,869.366,015.176,213.076,073.115,179.114,593.344,633.594,387.67
YoY Growth--0.39%3.23%-2.42%-3.19%2.30%17.26%12.75%-0.87%5.60%14.16%
Dividend Yield--5.15%4.29%3.84%3.80%5.16%3.52%3.52%3.51%3.11%3.43%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8,839.47
(-) Cash Dividends Paid (M)8,467.47
(=) Cash Retained (M)372.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,767.891,104.93662.96
Cash Retained (M)372.00372.00372.00
(-) Cash Required (M)-1,767.89-1,104.93-662.96
(=) Excess Retained (M)-1,395.90-732.94-290.96
(/) Shares Outstanding (M)0.700.700.70
(=) Excess Retained per Share-2,007.91-1,054.28-418.53
LTM Dividend per Share12,179.9112,179.9112,179.91
(+) Excess Retained per Share-2,007.91-1,054.28-418.53
(=) Adjusted Dividend10,172.0011,125.6311,761.38
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate-0.59%0.41%1.41%
Fair Value$142,922.59$183,884.90$235,014.09
Upside / Downside-3.43%24.25%58.79%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,839.478,875.538,911.738,948.088,984.589,021.239,291.87
Payout Ratio95.79%94.63%93.47%92.32%91.16%90.00%92.50%
Projected Dividends (M)8,467.478,399.208,330.248,260.578,190.208,119.118,594.98

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate-0.59%0.41%1.41%
Year 1 PV (M)7,809.287,887.847,966.40
Year 2 PV (M)7,201.187,346.797,493.86
Year 3 PV (M)6,639.416,841.807,048.26
Year 4 PV (M)6,120.506,370.526,628.12
Year 5 PV (M)5,641.235,930.746,232.01
PV of Terminal Value (M)171,461.80180,261.21189,418.25
Equity Value (M)204,873.39214,638.90224,786.89
Shares Outstanding (M)0.700.700.70
Fair Value$294,697.05$308,744.10$323,341.33
Upside / Downside99.12%108.61%118.47%

High-Yield Dividend Screener

« Prev Page 10 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BNGA.JKPT Bank CIMB Niaga Tbk8.91%$157.7256.96%
QIGD.QAQatari Investors Group Q.S.C.8.91%$0.1397.17%
MCS-R.BKM.C.S. Steel Public Company Limited8.90%$0.7434.29%
0QR1.LSchweiter Technologies AG8.89%$22.4090.72%
0816.HKJinmao Property Services Co., Limited8.88%$0.2355.27%
3492.TMIRARTH Real Estate Investment Corporation8.88%$8,301.0988.12%
3998.HKBosideng International Holdings Limited8.86%$0.4070.17%
PJP.WAPJP Makrum S.A.8.86%$1.4265.03%
603565.SSShanghai Zhonggu Logistics Co., Ltd.8.84%$0.8987.23%
ALVAP.PAKumulus Vape S.A.8.83%$0.3724.09%
IPS.PAIpsos S.A.8.83%$2.9938.93%
RFF.AXRural Funds Group8.83%$0.1715.19%
KOV.AXKorvest Ltd8.81%$1.2460.47%
0QUS.LG5 Entertainment AB (publ)8.80%$8.0594.74%
9620.SRBalsm Alofoq Medical Co.8.80%$2.4063.98%
PPM.AXPepper Money Limited8.80%$0.2044.77%
VK.PAVallourec S.A.8.80%$1.4183.22%
BBNI.JKPT Bank Negara Indonesia (Persero) Tbk8.79%$374.4666.86%
KJL.BKKijcharoen Engineering Electric Public Company Limited8.79%$0.5473.06%
0856.HKVSTECS Holdings Limited8.78%$0.7147.24%
BA-R.BKBangkok Airways Public Company Limited8.78%$1.3083.23%
PFRM3.SAProfarma Distribuidora de Produtos Farmacêuticos S.A.8.78%$0.7478.88%
0001.HKCK Hutchison Holdings Limited8.77%$4.7359.96%
NOBLE-R.BKNoble Development Public Company Limited8.75%$0.1927.34%
RANA.OLRana Gruber ASA8.75%$6.7583.80%
PDG.BKProdigy Public Company Limited8.74%$0.2690.35%
WHC.AXWhitehaven Coal Limited8.74%$0.6856.57%
DLTA.JKPT Delta Djakarta Tbk8.73%$175.4299.09%
8371.HKTaste Gourmet Group Limited8.70%$0.1853.44%
TRAN.BACompañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.8.70%$301.7991.83%
0257.HKChina Everbright Environment Group Limited8.69%$0.4235.73%
EMB.AXEmbelton Limited8.69%$0.7069.10%
HP3A.DERingmetall SE8.69%$0.2438.33%
RDTX.JKPT Roda Vivatex Tbk8.69%$1,103.9395.63%
S56.SISamudera Shipping Line Ltd8.69%$0.1060.61%
1307.TWSan Fang Chemical Industry Co., Ltd.8.68%$2.7091.10%
ASIZ.LAberforth Split Level Income ZDP 20248.68%$11.0447.29%
PIC.AXPerpetual Equity Investment Company Limited8.68%$0.1197.90%
CPHN.SWCPH Chemie + Papier Holding AG8.66%$5.9989.84%
JIN.AXJumbo Interactive Limited8.66%$0.9974.11%
PM-R.BKPremier Marketing Public Company Limited8.66%$1.0390.60%
0546.HKFufeng Group Limited8.65%$0.7030.72%
ITB.DEImperial Brands PLC8.65%$3.0955.77%
LOGG3.SALOG Commercial Properties e Participações S.A.8.64%$2.1949.79%
5547.TWOJioushun Construction Co., Ltd.8.63%$2.2658.13%
TWD.AXTamawood Limited8.62%$0.2480.43%
UNITED.HEUnited Bankers Oyj8.60%$1.6153.91%
DDR.AXDicker Data Limited8.58%$0.8796.73%
PATO.BKPato Chemical Industry Public Company Limited8.58%$0.6098.05%
0371.HKBeijing Enterprises Water Group Limited8.56%$0.2164.00%