Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Olympus Corporation (7733.T)

Company Dividend Discount ModelIndustry: Medical - Instruments & SuppliesSector: Healthcare

Valuation Snapshot

Stable Growth$1,354.98 - $2,399.94$1,796.97
Multi-Stage$1,528.14 - $1,674.40$1,599.90
Blended Fair Value$1,698.44
Current Price$1,715.00
Upside-0.97%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS15.42%0.00%18.4517.6415.6713.5711.319.018.418.435.123.01
YoY Growth--4.61%12.54%15.52%20.01%25.51%7.16%-0.25%64.71%70.02%0.00%
Dividend Yield--1.08%0.69%0.69%0.50%0.51%0.43%0.69%0.81%0.50%0.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)112,263.00
(-) Cash Dividends Paid (M)22,556.00
(=) Cash Retained (M)89,707.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)22,452.6014,032.888,419.73
Cash Retained (M)89,707.0089,707.0089,707.00
(-) Cash Required (M)-22,452.60-14,032.88-8,419.73
(=) Excess Retained (M)67,254.4075,674.1381,287.28
(/) Shares Outstanding (M)1,137.001,137.001,137.00
(=) Excess Retained per Share59.1566.5671.49
LTM Dividend per Share19.8419.8419.84
(+) Excess Retained per Share59.1566.5671.49
(=) Adjusted Dividend78.9986.3991.33
WACC / Discount Rate8.56%8.56%8.56%
Growth Rate2.58%3.58%4.58%
Fair Value$1,354.98$1,796.97$2,399.94
Upside / Downside-20.99%4.78%39.94%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)112,263.00116,277.38120,435.32124,741.93129,202.55133,822.67137,837.35
Payout Ratio20.09%34.07%48.06%62.04%76.02%90.00%92.50%
Projected Dividends (M)22,556.0039,619.9957,875.5177,385.9698,217.74120,440.40127,499.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.56%8.56%8.56%
Growth Rate2.58%3.58%4.58%
Year 1 PV (M)36,145.0636,497.4336,849.81
Year 2 PV (M)48,168.6049,112.3550,065.27
Year 3 PV (M)58,757.8560,493.1362,262.24
Year 4 PV (M)68,034.3570,726.4473,497.63
Year 5 PV (M)76,110.5979,893.6083,825.57
PV of Terminal Value (M)1,450,288.361,522,373.671,597,297.26
Equity Value (M)1,737,504.811,819,096.631,903,797.77
Shares Outstanding (M)1,137.001,137.001,137.00
Fair Value$1,528.14$1,599.90$1,674.40
Upside / Downside-10.90%-6.71%-2.37%

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