Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Analysis Mode

Ticker

Industry

Sector

Changing Information Technology Inc. (8272.TWO)

Company Dividend Discount ModelIndustry: Software - InfrastructureSector: Technology

Valuation Snapshot

Stable Growth$35.91 - $53.39$44.25
Multi-Stage$69.33 - $76.12$72.66
Blended Fair Value$58.45
Current Price$78.30
Upside-25.35%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%2.692.892.271.150.670.000.000.000.000.00
YoY Growth---7.07%27.62%97.33%71.88%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.19%3.39%1.74%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)81.46
(-) Cash Dividends Paid (M)49.36
(=) Cash Retained (M)32.10
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)16.2910.186.11
Cash Retained (M)32.1032.1032.10
(-) Cash Required (M)-16.29-10.18-6.11
(=) Excess Retained (M)15.8121.9225.99
(/) Shares Outstanding (M)18.3618.3618.36
(=) Excess Retained per Share0.861.191.42
LTM Dividend per Share2.692.692.69
(+) Excess Retained per Share0.861.191.42
(=) Adjusted Dividend3.553.884.10
WACC / Discount Rate7.68%7.68%7.68%
Growth Rate-2.00%-1.00%0.00%
Fair Value$35.91$44.25$53.39
Upside / Downside-54.14%-43.49%-31.81%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)81.4680.6479.8479.0478.2577.4779.79
Payout Ratio60.59%66.47%72.36%78.24%84.12%90.00%92.50%
Projected Dividends (M)49.3653.6157.7761.8465.8269.7273.81

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.68%7.68%7.68%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)49.2849.7850.28
Year 2 PV (M)48.8249.8250.83
Year 3 PV (M)48.0449.5251.04
Year 4 PV (M)47.0048.9550.96
Year 5 PV (M)45.7748.1550.63
PV of Terminal Value (M)1,034.191,088.041,144.11
Equity Value (M)1,273.091,334.261,397.85
Shares Outstanding (M)18.3618.3618.36
Fair Value$69.33$72.66$76.12
Upside / Downside-11.46%-7.21%-2.78%

High-Yield Dividend Screener

« Prev Page 28 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
ORAOrmat Technologies, Inc.0.42%$0.4821.81%
VLTOVeralto Corporation0.42%$0.4211.39%
CEGConstellation Energy Corporation0.41%$1.5217.38%
EXPEExpedia Group, Inc.0.41%$1.1510.88%
GEGE Aerospace0.40%$1.2917.08%
GEHCVGE HealthCare Technologies Inc.0.40%$0.235.05%
ATMUAtmus Filtration Technologies Inc.0.39%$0.208.42%
BMNRBitmine Immersion Technologies, Inc.0.39%$0.120.85%
CHDNChurchill Downs Incorporated0.39%$0.437.61%
PLPCPreformed Line Products Company0.39%$0.8311.03%
AAPLApple Inc.0.38%$1.0313.77%
AMOTAllied Motion Technologies Inc.0.38%$0.1221.85%
CASYCasey's General Stores, Inc.0.38%$2.0912.85%
EAElectronic Arts Inc.0.38%$0.7721.92%
LOBLive Oak Bancshares, Inc.0.37%$0.138.44%
PCG-PAPacific Gas and Electric Company0.37%$0.086.94%
CTSCTS Corporation0.36%$0.168.09%
GVAGranite Construction Incorporated0.36%$0.4312.45%
LCORXLeuthold Core Investment Fund0.36%$0.084.98%
LCRIXLeuthold Core Investment Fund Class Institutional0.36%$0.084.98%
UHALU-Haul Holding Company0.36%$0.1817.87%
BOXBox, Inc.0.35%$0.106.61%
HCCWarrior Met Coal, Inc.0.35%$0.3147.04%
MCKMcKesson Corporation0.35%$2.918.98%
CSWICSW Industrials, Inc.0.34%$1.0211.93%
MOG-AMoog Inc.0.34%$0.8511.59%
SRBKSR Bancorp, Inc. Common stock0.34%$0.059.61%
VHAQ-UNViveon Health Acquisition Corp.0.34%$0.0417.38%
WWDWoodward, Inc.0.34%$1.0514.70%
AGXArgan, Inc.0.33%$1.0812.72%
PJTPJT Partners Inc.0.33%$0.5613.70%
REGNRegeneron Pharmaceuticals, Inc.0.33%$2.596.06%
LPLALPL Financial Holdings Inc.0.32%$1.1611.15%
METAMeta Platforms, Inc.0.31%$2.048.98%
ESABESAB Corporation0.30%$0.348.52%
POWLPowell Industries, Inc.0.30%$1.057.31%
VCVisteon Corporation0.30%$0.292.59%
WSTWest Pharmaceutical Services, Inc.0.30%$0.8312.34%
CASHPathward Financial, Inc.0.29%$0.212.52%
NGSNatural Gas Services Group, Inc.0.29%$0.106.71%
PLUSePlus inc.0.29%$0.255.41%
RVTYRevvity, Inc.0.29%$0.2814.01%
TMOThermo Fisher Scientific Inc.0.28%$1.659.48%
MRVLMarvell Technology, Inc.0.27%$0.248.33%
VNTVontier Corporation0.27%$0.103.64%
DBRGDigitalBridge Group, Inc.0.26%$0.049.84%
FOURShift4 Payments, Inc.0.26%$0.167.44%
GOOGAlphabet Inc.0.26%$0.828.01%
TPBTurning Point Brands, Inc.0.26%$0.2910.22%
USB-PAU.S. Bancorp PERP PFD SER A0.26%$2.0243.68%