Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Ryoden Corporation (8084.T)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$3,086.07 - $5,468.74$4,093.62
Multi-Stage$4,267.77 - $4,677.97$4,469.00
Blended Fair Value$4,281.31
Current Price$3,085.00
Upside38.78%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS15.24%9.02%113.5287.2264.2354.8555.9155.8653.8443.8647.8649.79
YoY Growth--30.15%35.79%17.10%-1.89%0.08%3.76%22.75%-8.36%-3.88%4.03%
Dividend Yield--4.05%3.15%2.92%3.46%3.44%3.82%3.31%2.43%3.07%3.96%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,937.00
(-) Cash Dividends Paid (M)2,299.00
(=) Cash Retained (M)2,638.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)987.40617.13370.28
Cash Retained (M)2,638.002,638.002,638.00
(-) Cash Required (M)-987.40-617.13-370.28
(=) Excess Retained (M)1,650.602,020.882,267.73
(/) Shares Outstanding (M)21.7521.7521.75
(=) Excess Retained per Share75.8992.91104.26
LTM Dividend per Share105.70105.70105.70
(+) Excess Retained per Share75.8992.91104.26
(=) Adjusted Dividend181.59198.61209.96
WACC / Discount Rate7.54%7.54%7.54%
Growth Rate1.56%2.56%3.56%
Fair Value$3,086.07$4,093.62$5,468.74
Upside / Downside0.03%32.69%77.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,937.005,063.485,193.205,326.245,462.705,602.645,770.72
Payout Ratio46.57%55.25%63.94%72.63%81.31%90.00%92.50%
Projected Dividends (M)2,299.002,797.743,320.533,868.274,441.905,042.385,337.92

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.54%7.54%7.54%
Growth Rate1.56%2.56%3.56%
Year 1 PV (M)2,576.272,601.632,627.00
Year 2 PV (M)2,815.622,871.342,927.60
Year 3 PV (M)3,020.413,110.513,202.38
Year 4 PV (M)3,193.743,321.403,452.84
Year 5 PV (M)3,338.493,506.113,680.41
PV of Terminal Value (M)77,879.4381,789.7785,855.62
Equity Value (M)92,823.9697,200.76101,745.86
Shares Outstanding (M)21.7521.7521.75
Fair Value$4,267.77$4,469.00$4,677.97
Upside / Downside38.34%44.86%51.64%

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