Definitive Analysis
Definitive Analysis

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Solasto Corporation (6197.T)

Company Dividend Discount ModelIndustry: Medical - Care FacilitiesSector: Healthcare

Valuation Snapshot

Stable Growth$528.00 - $863.27$677.70
Multi-Stage$969.86 - $1,065.81$1,016.90
Blended Fair Value$847.30
Current Price$489.00
Upside73.27%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-0.90%0.00%19.9920.4520.5020.4719.9520.9116.2014.5311.7221.68
YoY Growth---2.23%-0.26%0.16%2.61%-4.61%29.12%11.49%23.99%-45.96%0.00%
Dividend Yield--4.79%4.37%3.09%2.81%1.42%1.95%1.62%1.17%2.34%5.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,385.00
(-) Cash Dividends Paid (M)1,847.00
(=) Cash Retained (M)2,538.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)877.00548.13328.88
Cash Retained (M)2,538.002,538.002,538.00
(-) Cash Required (M)-877.00-548.13-328.88
(=) Excess Retained (M)1,661.001,989.882,209.13
(/) Shares Outstanding (M)92.2392.2392.23
(=) Excess Retained per Share18.0121.5723.95
LTM Dividend per Share20.0320.0320.03
(+) Excess Retained per Share18.0121.5723.95
(=) Adjusted Dividend38.0341.6043.98
WACC / Discount Rate6.83%6.83%6.83%
Growth Rate-0.35%0.65%1.65%
Fair Value$528.00$677.70$863.27
Upside / Downside7.98%38.59%76.54%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,385.004,413.614,442.414,471.394,500.574,529.934,665.83
Payout Ratio42.12%51.70%61.27%70.85%80.42%90.00%92.50%
Projected Dividends (M)1,847.002,281.692,721.983,167.913,619.544,076.944,315.89

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.83%6.83%6.83%
Growth Rate-0.35%0.65%1.65%
Year 1 PV (M)2,114.582,135.802,157.02
Year 2 PV (M)2,337.862,385.022,432.64
Year 3 PV (M)2,521.592,598.262,676.48
Year 4 PV (M)2,670.072,778.872,890.96
Year 5 PV (M)2,787.212,929.893,078.36
PV of Terminal Value (M)77,022.0980,964.9685,067.69
Equity Value (M)89,453.3993,792.8098,303.14
Shares Outstanding (M)92.2392.2392.23
Fair Value$969.86$1,016.90$1,065.81
Upside / Downside98.33%107.96%117.96%

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