Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Tokaido REIT, Inc. (2989.T)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$122,611.91 - $189,134.21$153,524.20
Multi-Stage$285,290.75 - $313,417.59$299,080.28
Blended Fair Value$226,302.24
Current Price$103,300.00
Upside119.07%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022
DPS0.00%0.00%6,226.194,329.921,657.550.000.000.000.000.000.000.00
YoY Growth--43.79%161.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--5.00%3.60%1.56%0.00%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)3,464.69
(-) Cash Dividends Paid (M)3,102.35
(=) Cash Retained (M)362.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)692.94433.09259.85
Cash Retained (M)362.35362.35362.35
(-) Cash Required (M)-692.94-433.09-259.85
(=) Excess Retained (M)-330.59-70.74102.50
(/) Shares Outstanding (M)0.260.260.26
(=) Excess Retained per Share-1,269.30-271.60393.54
LTM Dividend per Share11,911.4811,911.4811,911.48
(+) Excess Retained per Share-1,269.30-271.60393.54
(=) Adjusted Dividend10,642.1811,639.8812,305.02
WACC / Discount Rate6.51%6.51%6.51%
Growth Rate-2.00%-1.00%0.00%
Fair Value$122,611.91$153,524.20$189,134.21
Upside / Downside18.69%48.62%83.09%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,464.693,430.053,395.753,361.793,328.173,294.893,393.74
Payout Ratio89.54%89.63%89.73%89.82%89.91%90.00%92.50%
Projected Dividends (M)3,102.353,074.473,046.833,019.452,992.302,965.403,139.21

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.51%6.51%6.51%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)2,857.502,886.662,915.82
Year 2 PV (M)2,631.982,685.972,740.50
Year 3 PV (M)2,424.252,499.232,575.73
Year 4 PV (M)2,232.922,325.462,420.86
Year 5 PV (M)2,056.692,163.782,275.29
PV of Terminal Value (M)62,100.6365,334.3668,701.41
Equity Value (M)74,303.9877,895.4681,629.61
Shares Outstanding (M)0.260.260.26
Fair Value$285,290.75$299,080.28$313,417.59
Upside / Downside176.18%189.53%203.41%

High-Yield Dividend Screener

« Prev Page 111 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
81299.HKAia-r0.60%$0.4443.34%
BNLI.JKPT Bank Permata Tbk0.60%$30.0029.63%
FFH.TOFairfax Financial Holdings Limited0.60%$15.517.53%
LFLO.JKPT Imago Mulia Persada Tbk0.60%$4.0028.31%
PATELSAI.BOPatels Airtemp (India) Limited0.60%$1.506.97%
RNRRenaissanceRe Holdings Ltd.0.60%$1.634.46%
000532.SZZhuhai Huajin Capital Co., Ltd.0.59%$0.1014.74%
002827.SZTibet GaoZheng Explosive Co., Ltd.0.59%$0.2237.58%
0780.HKTongcheng Travel Holdings Limited0.59%$0.1412.70%
2440.TGurunavi, Inc.0.59%$0.9658.64%
300167.SZShenzhen Division Co.,Ltd.0.59%$0.0377.39%
300241.SZShenzhen Refond Optoelectronics Co.,Ltd.0.59%$0.0359.54%
300927.SZNantong JiangTian Chemical Co., Ltd.0.59%$0.147.30%
600428.SSCOSCO SHIPPING Specialized Carriers Co.,Ltd.0.59%$0.046.88%
600629.SSArcplus Group PLC0.59%$0.1341.63%
688118.SSPrimeton Information Technologies, Inc.0.59%$0.1544.13%
7936.TASICS Corporation0.59%$22.0418.54%
9593.SRPan Gulf Marketing Co.0.59%$0.112.85%
000603.SZShengda Resources Co.,Ltd.0.58%$0.1823.98%
001239.SZXiangtan Yongda Mach Mnfg Co0.58%$0.0921.29%
002300.SZFujian Nanping Sun Cable Co., Ltd.0.58%$0.0547.47%
002492.SZZhuhai Winbase International Chemical Tank Terminal Co.,Ltd0.58%$0.0533.06%
002838.SZShandong Dawn Polymer Co.,Ltd.0.58%$0.1437.89%
301535.SZZhejiang Huayuan Auto Technology Co Ltd0.58%$0.1342.90%
600210.SSShanghai Zijiang Enterprise Group Co., Ltd.0.58%$0.045.20%
600218.SSAnhui Quanchai Engine Co., Ltd.0.58%$0.0628.92%
600628.SSShanghai New World Co., Ltd0.58%$0.0542.45%
601869.SSYangtze Optical Fibre And Cable Joint Stock Limited Company0.58%$0.6888.82%
601900.SSSouthern Publishing and Media Co.,Ltd.0.58%$0.086.09%
603093.SSNanhua Futures Co., Ltd.0.58%$0.1115.08%
6692.TWOAcmepoint Energy Services Co.,LTD0.58%$0.177.39%
8440.TWOE&E Recycling,Inc.0.58%$0.1481.09%
GSMF.JKPT Equity Development Investment Tbk0.58%$0.6523.23%
HUB.AXHUB24 Limited0.58%$0.5636.27%
MAPA.JKPT Map Aktif Adiperkasa Tbk0.58%$4.008.06%
SELEC.ISSelçuk Ecza Deposu Ticaret ve Sanayi A.S.0.58%$0.4632.67%
000400.KSLotte Non - Life Insurance Co., Ltd.0.57%$9.968.06%
003031.SZHebei Sinopack Electronic Technology Co.,Ltd.0.57%$0.4230.89%
300133.SZZhejiang Huace Film & TV Co., Ltd.0.57%$0.0535.19%
300687.SZGuangzhou Sie Consulting Co., Ltd.0.57%$0.1372.96%
300879.SZNingbo Daye Garden Machinery Co.,Ltd.0.57%$0.1728.45%
301188.SZShandong Linuo Technical Glass Co.,Ltd.0.57%$0.1050.00%
3141.TWelcia Holdings Co., Ltd.0.57%$18.1620.70%
3197.TSkylark Holdings Co., Ltd.0.57%$19.0725.19%
4577.TDaito Pharmaceutical Co.,Ltd.0.57%$7.7411.68%
600846.SSShanghai Tongji Science&Technology Industrial Co.,Ltd0.57%$0.0817.65%
601021.SSSpring Airlines Co., Ltd.0.57%$0.3416.50%
601208.SSSichuan Em Technology Co., Ltd.0.57%$0.1568.28%
603090.SSWuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd.0.57%$0.3147.68%
PRINC.BKPrincipal Capital Public Company Limited0.57%$0.0113.01%