Definitive Analysis
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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

SALA Corporation (2734.T)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$2,261.82 - $8,946.79$3,848.76
Multi-Stage$2,184.09 - $2,394.46$2,287.31
Blended Fair Value$3,068.03
Current Price$932.00
Upside229.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.48%16.06%26.6628.7024.8420.5721.5319.4819.5714.838.376.61
YoY Growth---7.11%15.56%20.76%-4.49%10.56%-0.48%31.93%77.28%26.65%9.84%
Dividend Yield--3.34%3.61%3.40%3.08%3.67%3.53%3.28%2.16%1.30%1.11%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,995.00
(-) Cash Dividends Paid (M)1,973.00
(=) Cash Retained (M)3,022.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)999.00624.38374.63
Cash Retained (M)3,022.003,022.003,022.00
(-) Cash Required (M)-999.00-624.38-374.63
(=) Excess Retained (M)2,023.002,397.632,647.38
(/) Shares Outstanding (M)64.1864.1864.18
(=) Excess Retained per Share31.5237.3641.25
LTM Dividend per Share30.7430.7430.74
(+) Excess Retained per Share31.5237.3641.25
(=) Adjusted Dividend62.2668.1071.99
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate3.50%4.50%5.50%
Fair Value$2,261.82$3,848.76$8,946.79
Upside / Downside142.68%312.96%859.96%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,995.005,219.565,454.215,699.415,955.646,223.386,410.08
Payout Ratio39.50%49.60%59.70%69.80%79.90%90.00%92.50%
Projected Dividends (M)1,973.002,588.883,256.153,978.184,758.555,601.045,929.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate3.50%4.50%5.50%
Year 1 PV (M)2,411.132,434.432,457.72
Year 2 PV (M)2,824.372,879.222,934.59
Year 3 PV (M)3,213.743,307.803,403.68
Year 4 PV (M)3,580.223,720.623,865.09
Year 5 PV (M)3,924.774,118.084,318.93
PV of Terminal Value (M)124,228.73130,347.47136,704.98
Equity Value (M)140,182.97146,807.61153,684.99
Shares Outstanding (M)64.1864.1864.18
Fair Value$2,184.09$2,287.31$2,394.46
Upside / Downside134.34%145.42%156.92%

High-Yield Dividend Screener

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