Definitive Analysis
Definitive Analysis

Financial Statements

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Sector

QB Net Holdings Co.,Ltd. (6571.T)

Company Dividend Discount ModelIndustry: Personal Products & ServicesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$2,594.79 - $14,564.25$4,736.25
Multi-Stage$2,150.67 - $2,356.07$2,251.46
Blended Fair Value$3,493.86
Current Price$1,361.00
Upside156.71%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS8.36%0.00%26.4419.429.710.000.0017.7016.510.000.000.00
YoY Growth--36.15%100.00%0.00%0.00%-100.00%7.24%0.00%0.00%0.00%0.00%
Dividend Yield--1.94%1.79%0.60%0.00%0.00%0.96%0.73%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,057.00
(-) Cash Dividends Paid (M)461.00
(=) Cash Retained (M)596.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)211.40132.1379.28
Cash Retained (M)596.00596.00596.00
(-) Cash Required (M)-211.40-132.13-79.28
(=) Excess Retained (M)384.60463.88516.73
(/) Shares Outstanding (M)13.3913.3913.39
(=) Excess Retained per Share28.7334.6538.60
LTM Dividend per Share34.4334.4334.43
(+) Excess Retained per Share28.7334.6538.60
(=) Adjusted Dividend63.1669.0873.03
WACC / Discount Rate6.53%6.53%6.53%
Growth Rate4.00%5.00%6.00%
Fair Value$2,594.79$4,736.25$14,564.25
Upside / Downside90.65%248.00%970.11%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,057.001,109.831,165.301,223.541,284.691,348.901,389.37
Payout Ratio43.61%52.89%62.17%71.45%80.72%90.00%92.50%
Projected Dividends (M)461.00587.00724.45874.171,037.041,214.011,285.17

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.53%6.53%6.53%
Growth Rate4.00%5.00%6.00%
Year 1 PV (M)545.77551.02556.27
Year 2 PV (M)626.26638.36650.58
Year 3 PV (M)702.61723.08743.93
Year 4 PV (M)774.98805.22836.34
Year 5 PV (M)843.51884.86927.80
PV of Terminal Value (M)25,299.4626,539.4227,827.53
Equity Value (M)28,792.6030,141.9631,542.45
Shares Outstanding (M)13.3913.3913.39
Fair Value$2,150.67$2,251.46$2,356.07
Upside / Downside58.02%65.43%73.11%

High-Yield Dividend Screener

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