Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Enshu Truck Co.,Ltd. (9057.T)

Company Dividend Discount ModelIndustry: TruckingSector: Industrials

Valuation Snapshot

Stable Growth$15,193.37 - $61,496.30$40,148.74
Multi-Stage$7,546.31 - $8,257.01$7,895.14
Blended Fair Value$24,021.94
Current Price$3,165.00
Upside658.99%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202520242023202220212020
DPS22.64%0.00%93.9693.8386.8779.7754.8833.860.000.000.000.00
YoY Growth--0.14%8.01%8.89%45.37%62.06%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.15%3.49%3.56%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,312.00
(-) Cash Dividends Paid (M)718.00
(=) Cash Retained (M)1,594.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)462.40289.00173.40
Cash Retained (M)1,594.001,594.001,594.00
(-) Cash Required (M)-462.40-289.00-173.40
(=) Excess Retained (M)1,131.601,305.001,420.60
(/) Shares Outstanding (M)7.477.477.47
(=) Excess Retained per Share151.46174.67190.14
LTM Dividend per Share96.1096.1096.10
(+) Excess Retained per Share151.46174.67190.14
(=) Adjusted Dividend247.56270.77286.24
WACC / Discount Rate7.14%7.14%7.14%
Growth Rate5.42%6.42%7.42%
Fair Value$15,193.37$40,148.74$61,496.30
Upside / Downside380.04%1,168.52%1,843.01%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,312.002,460.432,618.382,786.472,965.363,155.733,250.40
Payout Ratio31.06%42.84%54.63%66.42%78.21%90.00%92.50%
Projected Dividends (M)718.001,054.151,430.511,850.842,319.242,840.163,006.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.14%7.14%7.14%
Growth Rate5.42%6.42%7.42%
Year 1 PV (M)974.68983.92993.17
Year 2 PV (M)1,222.941,246.251,269.78
Year 3 PV (M)1,462.991,505.021,547.85
Year 4 PV (M)1,695.031,760.271,827.37
Year 5 PV (M)1,919.262,012.032,108.36
PV of Terminal Value (M)49,105.6451,479.3053,943.87
Equity Value (M)56,380.5558,986.8061,690.41
Shares Outstanding (M)7.477.477.47
Fair Value$7,546.31$7,895.14$8,257.01
Upside / Downside138.43%149.45%160.88%

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