Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Japan Excellent, Inc. (8987.T)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$148,273.58 - $248,919.94$192,415.30
Multi-Stage$253,280.42 - $277,778.04$265,295.82
Blended Fair Value$228,855.56
Current Price$133,500.00
Upside71.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.65%2.67%5,684.485,656.835,732.806,067.635,901.675,503.395,393.785,185.574,737.034,636.01
YoY Growth--0.49%-1.33%-5.52%2.81%7.24%2.03%4.02%9.47%2.18%6.14%
Dividend Yield--4.89%4.51%4.38%4.55%4.61%3.13%3.64%3.96%3.19%3.49%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)16,444.47
(-) Cash Dividends Paid (M)11,270.91
(=) Cash Retained (M)5,173.56
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,288.892,055.561,233.34
Cash Retained (M)5,173.565,173.565,173.56
(-) Cash Required (M)-3,288.89-2,055.56-1,233.34
(=) Excess Retained (M)1,884.673,118.003,940.23
(/) Shares Outstanding (M)1.321.321.32
(=) Excess Retained per Share1,423.352,354.802,975.77
LTM Dividend per Share8,512.108,512.108,512.10
(+) Excess Retained per Share1,423.352,354.802,975.77
(=) Adjusted Dividend9,935.4610,866.9011,487.87
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate0.32%1.32%2.32%
Fair Value$148,273.58$192,415.30$248,919.94
Upside / Downside11.07%44.13%86.46%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)16,444.4716,661.1816,880.7417,103.2017,328.5917,556.9518,083.66
Payout Ratio68.54%72.83%77.12%81.42%85.71%90.00%92.50%
Projected Dividends (M)11,270.9112,134.5613,019.0213,924.6914,851.9615,801.2616,727.39

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate0.32%1.32%2.32%
Year 1 PV (M)11,224.6011,336.4911,448.38
Year 2 PV (M)11,139.6511,362.8511,588.26
Year 3 PV (M)11,021.1111,353.9911,693.51
Year 4 PV (M)10,873.5311,313.6211,766.93
Year 5 PV (M)10,701.0111,245.1111,811.11
PV of Terminal Value (M)280,409.71294,667.20309,498.83
Equity Value (M)335,369.61351,279.26367,807.02
Shares Outstanding (M)1.321.321.32
Fair Value$253,280.42$265,295.82$277,778.04
Upside / Downside89.72%98.72%108.07%

High-Yield Dividend Screener

« Prev Page 17 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PBY-UN.TOCanso Credit Trust - Canso Credit Income Fund6.89%$1.1043.72%
002267.SZShaanxi Provincial Natural Gas Co.,Ltd6.88%$0.5285.38%
0590.HKLuk Fook Holdings (International) Limited6.88%$1.6433.93%
0QPD.LAllreal Holding AG6.88%$14.0066.23%
8967.TJapan Logistics Fund, Inc.6.88%$7,165.6791.03%
3356.TWGeoVision Inc.6.87%$3.2561.01%
OPUS.BDOPUS GLOBAL Nyrt.6.87%$37.7385.10%
INK.WAInstal Kraków S.A.6.86%$2.5241.25%
NLB.ILNova Ljubljanska Banka d.d.6.86%$2.4749.72%
0148.HKKingboard Holdings Limited6.85%$2.0345.96%
3592.TWRaydium Semiconductor Corporation6.85%$15.1468.63%
ABEV3.SAAmbev S.A.6.85%$0.9391.30%
ETER3.SAEternit S.A.6.85%$0.2835.41%
HTC-R.BKHaad Thip Public Company Limited6.85%$1.0269.98%
PBAPembina Pipeline Corporation6.85%$2.6486.47%
2527.TWHung Ching Development & Construction Co., Ltd.6.84%$2.0048.52%
3466.TLaSalle LOGIPORT REIT6.84%$10,849.3675.97%
KLINIQ.BKThe Klinique Medical Clinic Public Company Limited6.82%$1.4690.74%
LPF.BKLotus's Retail Growth Freehold and Leasehold Property Fund6.82%$0.7383.53%
CLWTEuro Tech Holdings Company Limited6.81%$0.0824.63%
TMD.BKThai Metal Drum Manufacturing Public Company Limited6.80%$1.7775.56%
FID.AXFiducian Group Ltd6.79%$0.7974.24%
NNND.FTencent Holdings Limited6.79%$4.6820.82%
RIC.AXRidley Corporation Limited6.79%$0.1867.95%
8961.TMORI TRUST Sogo Reit, Inc.6.78%$5,291.8468.53%
CENCOSHOPP.SNCencosud Shopping S.A.6.78%$94.9375.52%
COVH.PACovivio Hotels6.78%$1.5487.52%
FLOYD.BKFloyd Public Company Limited6.78%$0.0834.43%
ALGIR.PASignaux Girod S.A.6.77%$1.0032.73%
0144.HKChina Merchants Port Holdings Company Limited6.76%$1.0329.79%
0512.HKGrand Pharmaceutical Group Limited6.76%$0.5341.13%
TOG.BKThai Optical Group Public Company Limited6.76%$0.4566.31%
SSF.BKSurapon Foods Public Company Limited6.75%$0.3466.42%
0RU6.LSpareBank 1 Ostlandet6.74%$13.9853.75%
2313.HKShenzhou International Group Holdings Limited6.74%$4.1853.04%
600188.SSYankuang Energy Group Company Limited6.74%$0.8977.55%
0QO2.LBurkhalter Holding AG6.73%$9.3188.33%
82331.HKLi Ning Company Limited6.73%$1.1350.46%
TBR.AXTribune Resources Limited6.73%$0.4055.86%
200512.SZTsann Kuen (China) Enterprise Co., Ltd.6.72%$0.2174.88%
C07.SIJardine Cycle & Carriage Limited6.72%$2.2847.91%
GISS.QAGulf International Services Q.P.S.C.6.72%$0.1745.22%
MELG.OLMelhus Sparebank6.72%$13.5025.36%
SGP.AXStockland6.72%$0.3982.32%
UNI.AXUniversal Store Holdings Limited6.72%$0.5481.02%
0R6M.LIntershop Holding AG6.71%$11.0031.38%
CEEB3.SACompanhia de Eletricidade do Estado da Bahia - COELBA6.71%$3.0237.99%
017940.KSE1 Corporation6.70%$5,410.2182.17%
3080.SREastern Province Cement Company6.70%$1.6056.11%
CNQCanadian Natural Resources Limited6.70%$2.3071.45%