Definitive Analysis
Definitive Analysis

Financial Statements

Company

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Ticker

Industry

Sector

Daiwa Office Investment Corporation (8976.T)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$300,634.83 - $486,020.47$384,048.34
Multi-Stage$547,937.25 - $601,426.78$574,168.48
Blended Fair Value$479,108.41
Current Price$301,500.00
Upside58.91%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.64%8.17%13,781.1113,781.7314,291.6414,333.6713,827.3012,701.9411,505.4411,235.5110,279.848,068.92
YoY Growth--0.00%-3.57%-0.29%3.66%8.86%10.40%2.40%9.30%27.40%28.39%
Dividend Yield--4.59%4.07%4.22%8.03%9.23%6.18%6.56%8.08%7.10%5.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)26,519.68
(-) Cash Dividends Paid (M)16,379.22
(=) Cash Retained (M)10,140.46
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,303.943,314.961,988.98
Cash Retained (M)10,140.4610,140.4610,140.46
(-) Cash Required (M)-5,303.94-3,314.96-1,988.98
(=) Excess Retained (M)4,836.526,825.508,151.48
(/) Shares Outstanding (M)0.950.950.95
(=) Excess Retained per Share5,086.717,178.588,573.16
LTM Dividend per Share17,226.5117,226.5117,226.51
(+) Excess Retained per Share5,086.717,178.588,573.16
(=) Adjusted Dividend22,313.2324,405.0925,799.67
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate-0.36%0.64%1.64%
Fair Value$300,634.83$384,048.34$486,020.47
Upside / Downside-0.29%27.38%61.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26,519.6826,690.5426,862.4927,035.5527,209.7227,385.0228,206.57
Payout Ratio61.76%67.41%73.06%78.71%84.35%90.00%92.50%
Projected Dividends (M)16,379.2217,992.0919,625.0621,278.3322,952.0824,646.5226,091.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate-0.36%0.64%1.64%
Year 1 PV (M)16,641.7616,808.7816,975.79
Year 2 PV (M)16,789.8417,128.5217,470.59
Year 3 PV (M)16,838.0017,350.0517,872.38
Year 4 PV (M)16,799.3617,483.9618,189.26
Year 5 PV (M)16,685.6817,539.9218,428.79
PV of Terminal Value (M)437,232.18459,616.64482,908.65
Equity Value (M)520,986.82545,927.86571,845.45
Shares Outstanding (M)0.950.950.95
Fair Value$547,937.25$574,168.48$601,426.78
Upside / Downside81.74%90.44%99.48%

High-Yield Dividend Screener

« Prev Page 12 of 151 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
MORG.OLSparebanken Møre8.24%$9.7948.31%
TCL-A.TOTranscontinental Inc.8.23%$1.9090.45%
1524.TWGordon Auto Body Parts Co., Ltd.8.22%$2.2990.15%
025000.KSKPX Chemical Co.,Ltd.8.20%$3,780.4027.09%
3249.TIndustrial & Infrastructure Fund Investment Corporation8.19%$12,629.6294.12%
MERC3.SAMercantil do Brasil Financeira S.A.8.19%$1.2523.03%
VOW.DEVolkswagen AG8.19%$8.8061.96%
ACES.JKPT Aspirasi Hidup Indonesia Tbk8.17%$33.5070.02%
ADH.AXAdairs Limited8.14%$0.1548.18%
0DZJ.LGroupe CRIT S.A.8.13%$4.7537.37%
WAR.AXWAM Strategic Value Limited8.12%$0.0949.55%
PCSGH.BKP.C.S. Machine Group Holding Public Company Limited8.10%$0.2561.11%
C52.SIComfortDelGro Corporation Limited8.08%$0.1261.96%
6601.HKCheerwin Group Limited8.07%$0.1858.02%
ABA.AXAuswide Bank Ltd8.07%$0.4153.00%
FILA.MIF.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.8.06%$0.7860.66%
AIQ.AXAlternative Investment Trust8.04%$0.1250.93%
LIGHT.ASSignify N.V.8.04%$1.7469.87%
NER.BKNorth East Rubber Public Company Limited8.04%$0.3635.33%
1361.HK361 Degrees International Limited8.03%$0.4339.44%
STO.AXSantos Limited8.03%$0.4970.12%
UTP.BKUnited Paper Public Company Limited8.00%$0.6073.40%
0P2J.LAscencio S.A.7.99%$4.3073.74%
0QQE.LDKSH Holding AG7.99%$4.5977.54%
RPL.AXRegal Partners Limited7.99%$0.2696.18%
1983.HKLuzhou Bank Co., Ltd.7.96%$0.1723.39%
2166.HKSmart-Core Holdings Limited7.96%$0.1738.03%
3014.TWITE Tech. Inc7.96%$9.1195.86%
BSD.PABourse Direct S.A.7.96%$0.3651.14%
OIZ.IROrigin Enterprises plc7.96%$0.3339.03%
FVI.MIFervi S.p.A.7.95%$1.2958.52%
MSTI.JKMastersystem Infotama Tbk.7.95%$118.0070.08%
0012.HKHenderson Land Development Company Limited7.94%$2.3089.03%
057050.KSHyundai Home Shopping Network Corporation7.93%$4,290.7358.03%
IB.MIIniziative Bresciane S.p.A.7.93%$0.9391.62%
SSSC.BKSiam Steel Service Center Public Company Limited7.93%$0.1748.86%
0868.HKXinyi Glass Holdings Limited7.92%$0.6737.03%
0E1L.LCapMan Oyj7.90%$0.1536.88%
BBAS3.SABanco do Brasil S.A.7.90%$1.7176.22%
002060.SZGuangdong Construction Engineering Group Co., Ltd.7.89%$0.2898.50%
FSA.AXFSA Group Limited7.89%$0.109.37%
0F2S.LLinedata Services S.A.7.87%$3.6032.69%
0R7T.LTINC N.V.7.87%$0.8435.61%
0D1X.LGroupe Guillin S.A.7.86%$2.1032.57%
5199.KLHibiscus Petroleum Berhad7.86%$0.1274.47%
ULKER.ISÜlker Bisküvi Sanayi A.S.7.85%$8.7945.09%
9581.SRClean Life Co.7.84%$8.0056.24%
3463.TIchigo Hotel REIT Investment Corporation7.83%$9,957.4751.91%
LHSC.BKLH Shopping Centers Leasehold Real Estate Investment Trust7.83%$1.0059.09%
EPMT.JKPT Enseval Putera Megatrading Tbk.7.82%$179.1064.00%