Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Fuso Chemical Co.,Ltd. (4368.T)

Company Dividend Discount ModelIndustry: ChemicalsSector: Basic Materials

Valuation Snapshot

Stable Growth$56,705.74 - $66,808.96$62,609.78
Multi-Stage$112,796.90 - $123,841.34$118,215.78
Blended Fair Value$90,412.78
Current Price$3,870.00
Upside2,236.25%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS7.97%20.28%67.9765.9659.9750.1746.3346.3346.3247.3343.2817.87
YoY Growth--3.05%9.98%19.54%8.29%0.00%0.02%-2.14%9.36%142.23%66.63%
Dividend Yield--1.76%1.63%1.33%1.41%1.13%1.18%2.12%1.66%1.19%1.21%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)11,843.71
(-) Cash Dividends Paid (M)2,571.94
(=) Cash Retained (M)9,271.78
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,368.741,480.46888.28
Cash Retained (M)9,271.789,271.789,271.78
(-) Cash Required (M)-2,368.74-1,480.46-888.28
(=) Excess Retained (M)6,903.037,791.318,383.50
(/) Shares Outstanding (M)35.2635.2635.26
(=) Excess Retained per Share195.80220.99237.79
LTM Dividend per Share72.9572.9572.95
(+) Excess Retained per Share195.80220.99237.79
(=) Adjusted Dividend268.75293.94310.74
WACC / Discount Rate-17.61%-17.61%-17.61%
Growth Rate5.50%6.50%7.50%
Fair Value$56,705.74$62,609.78$66,808.96
Upside / Downside1,365.26%1,517.82%1,626.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)11,843.7112,613.5513,433.4414,306.6115,236.5416,226.9116,713.72
Payout Ratio21.72%35.37%49.03%62.69%76.34%90.00%92.50%
Projected Dividends (M)2,571.944,461.736,586.338,968.2811,632.0514,604.2215,460.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-17.61%-17.61%-17.61%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)5,364.695,415.545,466.39
Year 2 PV (M)9,521.969,703.339,886.41
Year 3 PV (M)15,589.5516,037.0716,493.07
Year 4 PV (M)24,312.0925,247.0626,208.75
Year 5 PV (M)36,701.6838,474.3840,314.93
PV of Terminal Value (M)3,885,280.314,072,940.814,267,783.51
Equity Value (M)3,976,770.284,167,818.194,366,153.06
Shares Outstanding (M)35.2635.2635.26
Fair Value$112,796.90$118,215.78$123,841.34
Upside / Downside2,814.65%2,954.67%3,100.03%

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