Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Fukuoka REIT Corporation (8968.T)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$289,366.77 - $583,114.47$403,273.29
Multi-Stage$431,250.14 - $472,958.43$451,709.46
Blended Fair Value$427,491.37
Current Price$184,400.00
Upside131.83%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS2.59%3.66%7,970.977,228.516,790.676,764.786,320.367,012.896,960.386,223.276,168.596,403.17
YoY Growth--10.27%6.45%0.38%7.03%-9.88%0.75%11.84%0.89%-3.66%15.10%
Dividend Yield--4.32%4.87%4.19%3.97%3.60%5.14%3.90%3.65%3.75%3.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)14,275.18
(-) Cash Dividends Paid (M)9,080.62
(=) Cash Retained (M)5,194.57
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,855.041,784.401,070.64
Cash Retained (M)5,194.575,194.575,194.57
(-) Cash Required (M)-2,855.04-1,784.40-1,070.64
(=) Excess Retained (M)2,339.533,410.174,123.93
(/) Shares Outstanding (M)0.830.830.83
(=) Excess Retained per Share2,810.614,096.834,954.31
LTM Dividend per Share10,909.0710,909.0710,909.07
(+) Excess Retained per Share2,810.614,096.834,954.31
(=) Adjusted Dividend13,719.6815,005.9015,863.38
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate1.66%2.66%3.66%
Fair Value$289,366.77$403,273.29$583,114.47
Upside / Downside56.92%118.69%216.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)14,275.1814,655.2115,045.3615,445.8915,857.0916,279.2416,767.61
Payout Ratio63.61%68.89%74.17%79.44%84.72%90.00%92.50%
Projected Dividends (M)9,080.6210,095.8211,158.6512,270.9113,434.4814,651.3115,510.04

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate1.66%2.66%3.66%
Year 1 PV (M)9,388.879,481.239,573.58
Year 2 PV (M)9,650.619,841.4110,034.06
Year 3 PV (M)9,869.4210,163.5410,463.44
Year 4 PV (M)10,048.6510,449.8910,863.04
Year 5 PV (M)10,191.4210,702.6211,234.13
PV of Terminal Value (M)309,819.98325,360.43341,518.33
Equity Value (M)358,968.95375,999.11393,686.57
Shares Outstanding (M)0.830.830.83
Fair Value$431,250.14$451,709.46$472,958.43
Upside / Downside133.87%144.96%156.49%

High-Yield Dividend Screener

« Prev Page 27 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
138930.KSBNK Financial Group Inc.5.33%$837.7733.77%
RPI-UN.TORichards Packaging Income Fund5.33%$1.6282.84%
8956.TNTT UD REIT Investment Corporation5.32%$7,471.7960.60%
ACGLArch Capital Group Ltd.5.32%$4.9945.85%
BTTBlackrock Municipal 2030 Target Term Trust5.32%$1.2174.76%
PREV-B.STPrevas AB5.31%$5.0990.29%
000690.SZGuangdong Baolihua New Energy Stock Co., Ltd.5.30%$0.2251.75%
005830.KSDB Insurance Co., Ltd.5.29%$6,766.2625.66%
1157.HKZoomlion Heavy Industry Science and Technology Co., Ltd.5.29%$0.4189.60%
6884.TWOHighpoint Service Network Corporation5.29%$2.0256.70%
7237.KLPower Root Berhad5.29%$0.0798.68%
MCKPA.NZMillennium & Copthorne Hotels New Zealand Limited5.29%$0.0957.34%
MFCManulife Financial Corporation5.29%$1.9255.22%
CLSC3.SACentrais Elétricas de Santa Catarina S.A.5.28%$6.1235.64%
000899.SZJiangxi Ganneng Co., Ltd.5.27%$0.5253.85%
0QQN.LBucher Industries AG5.27%$19.4043.82%
601107.SSSichuan Expressway Company Limited5.27%$0.3299.95%
CRAP.PACaisse Régionale de Crédit Agricole Mutuel Alpes Provence Société coopérative5.27%$6.9619.09%
0IW5.LThales S.A.5.26%$7.0970.33%
AIRARABIA.AEAir Arabia PJSC5.26%$0.2575.35%
PHOR.MEPublic Joint-Stock Company PhosAgro5.26%$335.1737.65%
RBREW.CORoyal Unibrew A/S5.26%$29.5094.31%
TCELL.ISTurkcell Iletisim Hizmetleri A.S.5.26%$5.0570.22%
TLC.AXThe Lottery Corporation Limited5.26%$0.2778.26%
TTA-R.BKThoresen Thai Agencies Public Company Limited5.26%$0.2217.40%
4712.TKeyHolder, Inc.5.25%$37.1432.06%
8926.TWTaiwan Cogeneration Corporation5.25%$2.1587.97%
RJH.BKRajthanee Hospital Public Company Limited5.25%$0.6575.57%
016090.KSDaehyun Co.,Ltd.5.24%$87.5664.98%
ALGEV.PAGévelot S.A.5.24%$9.2742.01%
1209.HKChina Resources Mixc Lifestyle Services Limited5.23%$2.2571.56%
HTECH.BKHalcyon Technology Public Company Limited5.23%$0.1538.21%
002911.SZForan Energy Group Co.,Ltd.5.22%$0.6390.85%
000913.SZZhejiang Qianjiang Motorcycle Co., Ltd.5.21%$0.8077.77%
4915.TWPrimax Electronics Ltd.5.21%$3.9968.04%
601000.SSTangShan Port Group Co.,Ltd5.21%$0.2066.38%
CAFO.PACentrale d'Achat Française pour l'Outre-Mer S.A.5.21%$0.4416.81%
KBLI.JKPT KMI Wire and Cable Tbk5.21%$16.9931.01%
0QOH.Lnaturenergie holding AG5.20%$1.6927.11%
600551.SSTime Publishing and Media Co., Ltd.5.20%$0.4268.97%
8979.TStarts Proceed Investment Corporation5.20%$10,484.9163.22%
AMIN.JKPT Ateliers Mecaniques D'Indonesie Tbk5.20%$13.0170.06%
EBO.AXEBOS Group Limited5.20%$1.2245.78%
SMCB.JKPT Solusi Bangun Indonesia Tbk5.20%$40.2745.56%
5159.KLYoong Onn Corporation Berhad5.19%$0.0858.97%
603355.SSKingclean Electric Co.,Ltd5.19%$1.6597.04%
603855.SSWarom Technology Incorporated Company5.19%$1.0077.28%
8034.TWOOPNET Technologies Co., Ltd.5.19%$1.3498.92%
ALRFG.PARacing Force S.p.A.5.19%$0.2671.02%
DEME.BRDEME Group N.V.5.19%$7.4131.20%