Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sanyo Denki Co., Ltd. (6516.T)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$9,120.47 - $41,778.11$20,742.15
Multi-Stage$5,670.14 - $6,211.43$5,935.77
Blended Fair Value$13,338.96
Current Price$3,525.00
Upside278.41%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS7.06%6.08%50.0847.4242.3137.2125.4635.6137.2132.4731.0731.21
YoY Growth--5.62%12.06%13.72%46.15%-28.50%-4.30%14.59%4.51%-0.45%12.42%
Dividend Yield--1.56%1.94%1.64%2.14%0.99%2.21%2.47%1.23%1.62%4.07%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)7,547.00
(-) Cash Dividends Paid (M)1,977.00
(=) Cash Retained (M)5,570.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,509.40943.38566.03
Cash Retained (M)5,570.005,570.005,570.00
(-) Cash Required (M)-1,509.40-943.38-566.03
(=) Excess Retained (M)4,060.604,626.635,003.98
(/) Shares Outstanding (M)35.6635.6635.66
(=) Excess Retained per Share113.86129.73140.31
LTM Dividend per Share55.4455.4455.44
(+) Excess Retained per Share113.86129.73140.31
(=) Adjusted Dividend169.30185.17195.75
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate4.71%5.71%6.71%
Fair Value$9,120.47$20,742.15$41,778.11
Upside / Downside158.74%488.43%1,085.19%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7,547.007,978.188,433.998,915.849,425.229,963.7110,262.62
Payout Ratio26.20%38.96%51.72%64.48%77.24%90.00%92.50%
Projected Dividends (M)1,977.003,108.034,361.855,748.797,279.968,967.349,492.92

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate4.71%5.71%6.71%
Year 1 PV (M)2,886.482,914.052,941.61
Year 2 PV (M)3,762.163,834.353,907.24
Year 3 PV (M)4,604.954,738.154,873.89
Year 4 PV (M)5,415.795,625.655,841.55
Year 5 PV (M)6,195.546,497.076,810.24
PV of Terminal Value (M)179,348.18188,077.10197,142.62
Equity Value (M)202,213.10211,686.37221,517.16
Shares Outstanding (M)35.6635.6635.66
Fair Value$5,670.14$5,935.77$6,211.43
Upside / Downside60.86%68.39%76.21%

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