Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Ricoh Company, Ltd. (7752.T)

Company Dividend Discount ModelIndustry: Business Equipment & SuppliesSector: Industrials

Valuation Snapshot

Stable Growth$1,199.82 - $1,976.54$1,544.88
Multi-Stage$2,475.03 - $2,723.32$2,596.75
Blended Fair Value$2,070.82
Current Price$1,306.50
Upside58.50%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS3.15%-0.98%38.3737.1832.5024.5225.9032.8622.1225.2950.5743.62
YoY Growth--3.21%14.40%32.56%-5.34%-21.18%48.53%-12.51%-50.00%15.94%2.98%
Dividend Yield--2.81%2.65%2.66%2.31%2.08%4.27%2.06%2.49%5.10%4.93%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)61,018.00
(-) Cash Dividends Paid (M)21,960.00
(=) Cash Retained (M)39,058.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12,203.607,627.254,576.35
Cash Retained (M)39,058.0039,058.0039,058.00
(-) Cash Required (M)-12,203.60-7,627.25-4,576.35
(=) Excess Retained (M)26,854.4031,430.7534,481.65
(/) Shares Outstanding (M)573.37573.37573.37
(=) Excess Retained per Share46.8454.8260.14
LTM Dividend per Share38.3038.3038.30
(+) Excess Retained per Share46.8454.8260.14
(=) Adjusted Dividend85.1493.1298.44
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate-0.75%0.25%1.25%
Fair Value$1,199.82$1,544.88$1,976.54
Upside / Downside-8.17%18.25%51.29%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)61,018.0061,172.2961,326.9761,482.0461,637.5061,793.3563,647.15
Payout Ratio35.99%46.79%57.59%68.40%79.20%90.00%92.50%
Projected Dividends (M)21,960.0028,623.4335,320.4342,051.1048,815.5955,614.0258,873.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate-0.75%0.25%1.25%
Year 1 PV (M)26,659.5526,928.1627,196.76
Year 2 PV (M)30,639.9631,260.4831,887.22
Year 3 PV (M)33,975.8835,013.2136,071.45
Year 4 PV (M)36,735.2538,238.2539,786.90
Year 5 PV (M)38,979.8340,983.4643,068.65
PV of Terminal Value (M)1,252,122.511,316,483.831,383,464.98
Equity Value (M)1,419,112.981,488,907.391,561,475.96
Shares Outstanding (M)573.37573.37573.37
Fair Value$2,475.03$2,596.75$2,723.32
Upside / Downside89.44%98.76%108.44%

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