Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Kyodo Printing Co., Ltd. (7914.T)

Company Dividend Discount ModelIndustry: Specialty Business ServicesSector: Industrials

Valuation Snapshot

Stable Growth$1,378.36 - $2,199.86$1,751.27
Multi-Stage$2,880.71 - $3,171.59$3,023.30
Blended Fair Value$2,387.28
Current Price$1,505.00
Upside58.62%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-1.88%1.21%27.9327.8629.0929.4130.4730.7231.0727.8624.7624.76
YoY Growth--0.25%-4.24%-1.08%-3.47%-0.80%-1.14%11.52%12.54%0.00%0.00%
Dividend Yield--2.15%2.91%3.68%4.75%4.60%4.31%4.44%3.89%2.59%3.15%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,792.00
(-) Cash Dividends Paid (M)1,034.00
(=) Cash Retained (M)2,758.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)758.40474.00284.40
Cash Retained (M)2,758.002,758.002,758.00
(-) Cash Required (M)-758.40-474.00-284.40
(=) Excess Retained (M)1,999.602,284.002,473.60
(/) Shares Outstanding (M)28.3628.3628.36
(=) Excess Retained per Share70.5280.5487.23
LTM Dividend per Share36.4636.4636.46
(+) Excess Retained per Share70.5280.5487.23
(=) Adjusted Dividend106.98117.01123.69
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate-1.22%-0.22%0.78%
Fair Value$1,378.36$1,751.27$2,199.86
Upside / Downside-8.41%16.36%46.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,792.003,783.743,775.503,767.283,759.073,750.883,863.41
Payout Ratio27.27%39.81%52.36%64.91%77.45%90.00%92.50%
Projected Dividends (M)1,034.001,506.471,976.882,445.232,911.543,375.803,573.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate-1.22%-0.22%0.78%
Year 1 PV (M)1,401.021,415.201,429.39
Year 2 PV (M)1,709.811,744.611,779.75
Year 3 PV (M)1,966.852,027.192,088.76
Year 4 PV (M)2,178.002,267.542,359.82
Year 5 PV (M)2,348.532,469.842,596.10
PV of Terminal Value (M)72,083.8275,807.0779,682.60
Equity Value (M)81,688.0485,731.4589,936.41
Shares Outstanding (M)28.3628.3628.36
Fair Value$2,880.71$3,023.30$3,171.59
Upside / Downside91.41%100.88%110.74%

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