Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

104 Corporation (3130.TW)

Company Dividend Discount ModelIndustry: Staffing & Employment ServicesSector: Industrials

Valuation Snapshot

Stable Growth$851.33 - $2,832.73$2,654.68
Multi-Stage$388.55 - $424.15$406.03
Blended Fair Value$1,530.35
Current Price$226.50
Upside575.65%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.84%8.59%13.5013.3111.087.748.568.459.5310.737.926.93
YoY Growth--1.42%20.20%43.09%-9.51%1.29%-11.36%-11.20%35.42%14.33%17.07%
Dividend Yield--6.08%5.88%5.31%4.01%5.30%6.14%5.64%6.10%5.28%4.93%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)476.33
(-) Cash Dividends Paid (M)469.36
(=) Cash Retained (M)6.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)95.2759.5435.72
Cash Retained (M)6.976.976.97
(-) Cash Required (M)-95.27-59.54-35.72
(=) Excess Retained (M)-88.29-52.57-28.75
(/) Shares Outstanding (M)33.4433.4433.44
(=) Excess Retained per Share-2.64-1.57-0.86
LTM Dividend per Share14.0414.0414.04
(+) Excess Retained per Share-2.64-1.57-0.86
(=) Adjusted Dividend11.4012.4613.18
WACC / Discount Rate6.91%6.91%6.91%
Growth Rate5.50%6.50%7.50%
Fair Value$851.33$2,654.68$2,832.73
Upside / Downside275.86%1,072.04%1,150.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)476.33507.29540.26575.38612.78652.61672.19
Payout Ratio98.54%96.83%95.12%93.41%91.71%90.00%92.50%
Projected Dividends (M)469.36491.20513.91537.49561.96587.35621.77

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.91%6.91%6.91%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)455.13459.45463.76
Year 2 PV (M)441.20449.61458.09
Year 3 PV (M)427.56439.83452.34
Year 4 PV (M)414.20430.13446.51
Year 5 PV (M)401.12420.50440.61
PV of Terminal Value (M)10,854.2811,378.5411,922.87
Equity Value (M)12,993.4913,578.0514,184.19
Shares Outstanding (M)33.4433.4433.44
Fair Value$388.55$406.03$424.15
Upside / Downside71.54%79.26%87.26%

High-Yield Dividend Screener

« Prev Page 16 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
HWBKHawthorn Bancshares, Inc.2.27%$0.7724.18%
UTMDUtah Medical Products, Inc.2.27%$1.2835.35%
DKSDICK'S Sporting Goods, Inc.2.26%$4.5238.61%
EMLThe Eastern Company2.26%$0.4437.05%
SBCFSeacoast Banking Corporation of Florida2.26%$0.7143.09%
WMKWeis Markets, Inc.2.26%$1.4535.88%
0JYA.LMarathon Petroleum Corporation2.25%$3.7274.60%
FSBCFive Star Bancorp2.25%$0.8029.79%
IBMInternational Business Machines Corporation2.25%$6.5678.75%
0KYZ.LSBA Communications Corporation2.24%$4.3254.40%
BPOPPopular, Inc.2.24%$2.8224.06%
MFINMedallion Financial Corp.2.24%$0.2312.50%
MSMorgan Stanley2.24%$4.0740.12%
FXNCFirst National Corporation2.23%$0.5586.28%
BACBank of America Corporation2.22%$1.2431.97%
SSBSouthState Corporation2.22%$2.0930.58%
VLGEAVillage Super Market, Inc.2.22%$0.7720.42%
WWWWolverine World Wide, Inc.2.22%$0.4137.79%
CCBGCapital City Bank Group, Inc.2.21%$0.9326.22%
CGThe Carlyle Group Inc.2.20%$1.3476.25%
NHINational Health Investors, Inc.2.20%$1.6954.58%
VNOVornado Realty Trust2.20%$0.7315.58%
BANCBanc of California, Inc.2.19%$0.4332.44%
EBTCEnterprise Bancorp, Inc.2.19%$0.8726.66%
RHPRyman Hospitality Properties, Inc.2.19%$2.0957.31%
CDPCOPT Defense Properties2.18%$0.6045.15%
FDSFactSet Research Systems Inc.2.18%$6.2039.64%
ISBAIsabella Bank Corporation2.18%$1.1044.52%
WHWyndham Hotels & Resorts, Inc.2.18%$1.6437.28%
EFSCEnterprise Financial Services Corp2.17%$1.1722.34%
ETHGrayscale Ethereum Mini Trust2.17%$0.6434.57%
SEMSelect Medical Holdings Corporation2.17%$0.3236.19%
BFSTBusiness First Bancshares, Inc.2.16%$0.5620.21%
CWBCCommunity West Bancshares2.16%$0.4826.89%
EHTHeHealth, Inc.2.16%$0.095.60%
TPLTexas Pacific Land Corporation2.16%$6.4231.02%
CBSHCommerce Bancshares, Inc.2.15%$1.1226.40%
COLMColumbia Sportswear Company2.15%$1.2035.55%
HTHHilltop Holdings Inc.2.15%$0.7328.46%
NATHNathan's Famous, Inc.2.15%$1.9835.76%
RCKYRocky Brands, Inc.2.15%$0.6222.50%
BDXBecton, Dickinson and Company2.14%$4.1771.28%
CICigna Corporation2.14%$5.9626.01%
FBIZFirst Business Financial Services, Inc.2.14%$1.1518.19%
JBSSJohn B. Sanfilippo & Son, Inc.2.14%$1.4926.50%
JNPRJuniper Networks, Inc.2.14%$0.8682.37%
POOLPool Corporation2.14%$4.9244.68%
CSCOCisco Systems, Inc.2.13%$1.6262.56%
CSTRCapStar Financial Holdings, Inc.2.13%$0.4330.48%
HTLFHeartland Financial USA, Inc.2.13%$1.3869.73%