Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Abrdn Japan Equity Fund Inc (JEQ)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$12.33 - $18.06$15.10
Multi-Stage$21.91 - $24.06$22.97
Blended Fair Value$19.03
Current Price$6.72
Upside183.20%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.330.401.310.000.000.000.000.000.000.00
YoY Growth---17.01%-69.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--5.71%7.88%24.76%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)22.55
(-) Cash Dividends Paid (M)9.80
(=) Cash Retained (M)12.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.512.821.69
Cash Retained (M)12.7512.7512.75
(-) Cash Required (M)-4.51-2.82-1.69
(=) Excess Retained (M)8.249.9311.06
(/) Shares Outstanding (M)13.9313.9313.93
(=) Excess Retained per Share0.590.710.79
LTM Dividend per Share0.700.700.70
(+) Excess Retained per Share0.590.710.79
(=) Adjusted Dividend1.301.421.50
WACC / Discount Rate8.29%8.29%8.29%
Growth Rate-2.00%-1.00%0.00%
Fair Value$12.33$15.10$18.06
Upside / Downside83.54%124.63%168.80%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)22.5522.3222.1021.8821.6621.4422.09
Payout Ratio43.45%52.76%62.07%71.38%80.69%90.00%92.50%
Projected Dividends (M)9.8011.7813.7215.6217.4819.3020.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.29%8.29%8.29%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)10.7710.8810.99
Year 2 PV (M)11.4611.7011.93
Year 3 PV (M)11.9312.3012.67
Year 4 PV (M)12.2012.7113.23
Year 5 PV (M)12.3212.9613.63
PV of Terminal Value (M)246.53259.37272.74
Equity Value (M)305.21319.91335.19
Shares Outstanding (M)13.9313.9313.93
Fair Value$21.91$22.97$24.06
Upside / Downside226.07%241.78%258.10%

High-Yield Dividend Screener

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