Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Nippon Building Fund Incorporation (8951.T)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$257,886.24 - $906,040.65$426,490.87
Multi-Stage$222,683.89 - $243,718.16$233,006.53
Blended Fair Value$329,748.70
Current Price$132,900.00
Upside148.12%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.27%6.15%4,915.854,599.654,996.604,406.943,651.503,460.693,157.092,987.042,727.872,568.04
YoY Growth--6.87%-7.94%13.38%20.69%5.51%9.62%5.69%9.50%6.22%-5.11%
Dividend Yield--4.02%3.76%4.25%3.29%3.05%2.18%2.28%2.71%2.11%2.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)79,312.40
(-) Cash Dividends Paid (M)41,809.00
(=) Cash Retained (M)37,503.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)15,862.489,914.055,948.43
Cash Retained (M)37,503.4037,503.4037,503.40
(-) Cash Required (M)-15,862.48-9,914.05-5,948.43
(=) Excess Retained (M)21,640.9227,589.3531,554.97
(/) Shares Outstanding (M)8.508.508.50
(=) Excess Retained per Share2,544.503,243.903,710.17
LTM Dividend per Share4,915.824,915.824,915.82
(+) Excess Retained per Share2,544.503,243.903,710.17
(=) Adjusted Dividend7,460.328,159.728,625.99
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate4.03%5.03%6.03%
Fair Value$257,886.24$426,490.87$906,040.65
Upside / Downside94.05%220.91%581.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)79,312.4083,302.1487,492.5891,893.8296,516.46101,371.63104,412.78
Payout Ratio52.71%60.17%67.63%75.09%82.54%90.00%92.50%
Projected Dividends (M)41,809.0050,124.1259,170.0168,999.1579,667.4591,234.4796,581.82

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate4.03%5.03%6.03%
Year 1 PV (M)46,381.6746,827.5247,273.36
Year 2 PV (M)50,664.1751,642.8752,630.94
Year 3 PV (M)54,669.1956,260.9357,883.27
Year 4 PV (M)58,408.9660,687.3963,031.84
Year 5 PV (M)61,895.2364,927.8468,078.16
PV of Terminal Value (M)1,621,904.791,701,371.331,783,922.60
Equity Value (M)1,893,924.011,981,717.882,072,820.19
Shares Outstanding (M)8.508.508.50
Fair Value$222,683.89$233,006.53$243,718.16
Upside / Downside67.56%75.32%83.38%

High-Yield Dividend Screener

« Prev Page 13 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PCR.WAPCC Rokita S.A.7.82%$5.0595.33%
TQR.BKTQR Public Company Limited7.82%$0.3990.56%
KGI.BKKGI Securities (Thailand) Public Company Limited7.81%$0.3162.80%
PRDA.JKPT Prodia Widyahusada Tbk7.81%$180.5285.06%
AIMIRT.BKAIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust7.80%$0.8581.01%
AKRA.JKPT AKR Corporindo Tbk7.80%$99.8882.20%
SPREME.BKSupreme Distribution Public Company Limited7.80%$0.1190.62%
AYV.PAAyvens7.79%$0.9171.87%
1378.HKChina Hongqiao Group Limited7.78%$2.6556.89%
NRG.PANRJ Group S.A.7.78%$0.6363.81%
D2O.AXDuxton Water Limited7.77%$0.1250.68%
TVO-R.BKThai Vegetable Oil Public Company Limited7.77%$1.7462.11%
C38U.SICapitaLand Integrated Commercial Trust7.76%$0.1874.73%
002839.SZJiangsu Zhangjiagang Rural Commercial Bank Co., Ltd7.75%$0.3544.09%
0710.HKBOE Varitronix Limited7.75%$0.4239.15%
0951.HKChaowei Power Holdings Limited7.75%$0.1120.52%
1681.HKConsun Pharmaceutical Group Limited7.75%$1.2055.92%
AXA.DEAXA S.A.7.75%$3.1752.74%
RND.AXRand Mining Limited7.75%$0.2057.47%
601881.SSChina Galaxy Securities Co., Ltd.7.74%$1.2298.30%
TA1.DETelekom Austria AG7.74%$0.7679.04%
0746.HKLee & Man Chemical Company Limited7.73%$0.4035.48%
NESN.SWNestlé S.A.7.73%$6.0972.83%
2633.HKJacobson Pharma Corporation Limited7.72%$0.1036.63%
000498.SZShandong Hi-Speed Road and Bridge Group Co., Ltd.7.71%$0.4748.64%
0016.HKSun Hung Kai Properties Limited7.71%$7.4556.97%
0QKE.LVontobel Holding AG7.70%$4.4661.99%
HAEK.DEHaemato AG7.70%$1.6385.37%
2688.HKENN Energy Holdings Limited7.68%$5.3950.36%
ASIMAR.BKAsian Marine Services Public Company Limited7.68%$0.1260.54%
SAMS.PASamse S.A.7.68%$10.2556.16%
SEC.AXSpheria Emerging Companies Limited7.68%$0.2215.84%
UVAN.BKUnivanich Palm Oil Public Company Limited7.68%$1.0063.09%
JCT.BKJack Chia Industries (Thailand) Public Company Limited7.67%$6.4483.85%
KFL.NZKingfish Limited7.67%$0.1038.05%
ALRIB.PARiber S.A.7.65%$0.2771.18%
DXI.AXDexus Industria REIT7.65%$0.2117.56%
NISP.JKPT Bank OCBC NISP Tbk7.65%$106.0049.91%
SCG.AXScentre Group7.65%$0.3291.06%
002572.SZSuofeiya Home Collection Co., Ltd.7.62%$1.0488.29%
035000.KSHS Ad Inc.7.62%$648.8381.78%
JMT-R.BKJMT Network Services Public Company Limited7.62%$0.6769.23%
SQU.DEVinci S.A.7.62%$9.2455.99%
0QP2.LZurich Insurance Group AG7.61%$32.4879.70%
BAMI.MIBanco BPM S.p.A.7.61%$1.0080.93%
600795.SSGD Power Development Co.,Ltd7.60%$0.3892.13%
BTI.AXBailador Technology Investments Limited7.60%$0.0934.83%
SMPC.BKSahamitr Pressure Container Public Company Limited7.60%$0.6757.18%
0O33.LOeneo S.A.7.59%$0.7076.88%
BOREO.HEBoreo Oyj7.59%$1.0882.86%