Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Suzuki Motor Corporation (7269.T)

Company Dividend Discount ModelIndustry: Auto - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$10,091.92 - $41,628.41$25,988.36
Multi-Stage$4,932.80 - $5,399.06$5,161.65
Blended Fair Value$15,575.01
Current Price$1,743.00
Upside793.57%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS15.74%18.07%36.7526.3524.1724.6721.3817.6918.8413.037.788.37
YoY Growth--39.49%9.01%-2.02%15.36%20.84%-6.06%44.52%67.61%-7.14%19.98%
Dividend Yield--2.11%1.44%1.86%2.31%1.82%1.94%1.47%0.85%0.58%1.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)403,843.00
(-) Cash Dividends Paid (M)79,144.00
(=) Cash Retained (M)324,699.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)80,768.6050,480.3830,288.23
Cash Retained (M)324,699.00324,699.00324,699.00
(-) Cash Required (M)-80,768.60-50,480.38-30,288.23
(=) Excess Retained (M)243,930.40274,218.63294,410.78
(/) Shares Outstanding (M)1,929.311,929.311,929.31
(=) Excess Retained per Share126.43142.13152.60
LTM Dividend per Share41.0241.0241.02
(+) Excess Retained per Share126.43142.13152.60
(=) Adjusted Dividend167.46183.15193.62
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate5.50%6.50%7.50%
Fair Value$10,091.92$25,988.36$41,628.41
Upside / Downside479.00%1,391.01%2,288.32%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)403,843.00430,092.80458,048.83487,822.00519,530.43553,299.91569,898.91
Payout Ratio19.60%33.68%47.76%61.84%75.92%90.00%92.50%
Projected Dividends (M)79,144.00144,847.39218,757.84301,664.67394,425.13497,969.92527,156.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)133,787.01135,055.13136,323.25
Year 2 PV (M)186,625.14190,179.83193,768.05
Year 3 PV (M)237,702.77244,526.36251,479.30
Year 4 PV (M)287,063.27298,102.91309,457.95
Year 5 PV (M)334,749.10350,917.61367,704.93
PV of Terminal Value (M)8,336,988.698,739,668.369,157,759.53
Equity Value (M)9,516,915.989,958,450.2010,416,493.01
Shares Outstanding (M)1,929.311,929.311,929.31
Fair Value$4,932.80$5,161.65$5,399.06
Upside / Downside183.01%196.14%209.76%

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