Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Yasuda Logistics Corporation (9324.T)

Company Dividend Discount ModelIndustry: Specialty Business ServicesSector: Industrials

Valuation Snapshot

Stable Growth$8,047.00 - $21,976.48$20,594.81
Multi-Stage$3,251.04 - $3,559.80$3,402.58
Blended Fair Value$11,998.69
Current Price$2,118.00
Upside466.51%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS7.55%7.29%29.6627.0725.6226.5823.9920.6114.1914.2214.6414.67
YoY Growth--9.57%5.66%-3.64%10.79%16.42%45.26%-0.24%-2.83%-0.24%0.00%
Dividend Yield--1.62%1.69%2.61%2.86%2.54%2.20%1.60%1.58%1.99%2.40%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,207.00
(-) Cash Dividends Paid (M)1,013.00
(=) Cash Retained (M)2,194.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)641.40400.88240.53
Cash Retained (M)2,194.002,194.002,194.00
(-) Cash Required (M)-641.40-400.88-240.53
(=) Excess Retained (M)1,552.601,793.131,953.48
(/) Shares Outstanding (M)28.9628.9628.96
(=) Excess Retained per Share53.6061.9167.44
LTM Dividend per Share34.9734.9734.97
(+) Excess Retained per Share53.6061.9167.44
(=) Adjusted Dividend88.5896.88102.42
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate5.29%6.29%7.29%
Fair Value$8,047.00$20,594.81$21,976.48
Upside / Downside279.93%872.37%937.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,207.003,408.733,623.153,851.064,093.304,350.784,481.30
Payout Ratio31.59%43.27%54.95%66.63%78.32%90.00%92.50%
Projected Dividends (M)1,013.001,474.951,991.002,566.153,205.773,915.704,145.20

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate5.29%6.29%7.29%
Year 1 PV (M)1,372.551,385.591,398.62
Year 2 PV (M)1,724.151,757.061,790.28
Year 3 PV (M)2,067.942,127.422,188.03
Year 4 PV (M)2,404.032,496.672,591.96
Year 5 PV (M)2,732.562,864.813,002.14
PV of Terminal Value (M)83,865.0487,923.9792,138.56
Equity Value (M)94,166.2898,555.53103,109.60
Shares Outstanding (M)28.9628.9628.96
Fair Value$3,251.04$3,402.58$3,559.80
Upside / Downside53.50%60.65%68.07%

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