Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Panasonic Holdings Corporation (6752.T)

Company Dividend Discount ModelIndustry: Consumer ElectronicsSector: Technology

Valuation Snapshot

Stable Growth$2,950.42 - $7,323.58$4,418.59
Multi-Stage$3,621.00 - $3,973.10$3,793.72
Blended Fair Value$4,106.16
Current Price$1,610.00
Upside155.04%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS4.58%9.00%37.5032.4929.9924.9924.9829.9734.9724.9824.8519.84
YoY Growth--15.40%8.34%20.02%0.02%-16.65%-14.28%40.00%0.49%25.26%25.25%
Dividend Yield--2.41%2.47%1.71%2.28%1.94%3.19%3.79%1.67%1.63%2.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)319,700.00
(-) Cash Dividends Paid (M)112,061.00
(=) Cash Retained (M)207,639.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)63,940.0039,962.5023,977.50
Cash Retained (M)207,639.00207,639.00207,639.00
(-) Cash Required (M)-63,940.00-39,962.50-23,977.50
(=) Excess Retained (M)143,699.00167,676.50183,661.50
(/) Shares Outstanding (M)2,334.702,334.702,334.70
(=) Excess Retained per Share61.5571.8278.67
LTM Dividend per Share48.0048.0048.00
(+) Excess Retained per Share61.5571.8278.67
(=) Adjusted Dividend109.55119.82126.66
WACC / Discount Rate6.39%6.39%6.39%
Growth Rate2.58%3.58%4.58%
Fair Value$2,950.42$4,418.59$7,323.58
Upside / Downside83.26%174.45%354.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)319,700.00331,146.88343,003.61355,284.88368,005.87381,182.34392,617.81
Payout Ratio35.05%46.04%57.03%68.02%79.01%90.00%92.50%
Projected Dividends (M)112,061.00152,465.12195,618.92241,667.51290,762.86343,064.11363,171.48

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.39%6.39%6.39%
Growth Rate2.58%3.58%4.58%
Year 1 PV (M)141,925.19143,308.74144,692.29
Year 2 PV (M)169,507.47172,828.45176,181.64
Year 3 PV (M)194,932.95200,689.58206,558.45
Year 4 PV (M)218,320.70226,959.15235,851.44
Year 5 PV (M)239,784.05251,701.75264,088.68
PV of Terminal Value (M)7,489,471.547,861,712.028,248,608.36
Equity Value (M)8,453,941.918,857,199.699,275,980.86
Shares Outstanding (M)2,334.702,334.702,334.70
Fair Value$3,621.00$3,793.72$3,973.10
Upside / Downside124.91%135.64%146.78%

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