Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

internet infinity Inc. (6545.T)

Company Dividend Discount ModelIndustry: Medical - Healthcare Information ServicesSector: Healthcare

Valuation Snapshot

Stable Growth$387.46 - $583.62$480.13
Multi-Stage$748.32 - $824.73$785.77
Blended Fair Value$632.95
Current Price$646.00
Upside-2.02%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202520242023202220212020
DPS0.00%0.00%4.820.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.72%0.00%0.00%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)246.62
(-) Cash Dividends Paid (M)12.96
(=) Cash Retained (M)233.65
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)49.3230.8318.50
Cash Retained (M)233.65233.65233.65
(-) Cash Required (M)-49.32-30.83-18.50
(=) Excess Retained (M)184.33202.83215.16
(/) Shares Outstanding (M)5.415.415.41
(=) Excess Retained per Share34.0937.5139.79
LTM Dividend per Share2.402.402.40
(+) Excess Retained per Share34.0937.5139.79
(=) Adjusted Dividend36.4939.9142.19
WACC / Discount Rate7.23%7.23%7.23%
Growth Rate-2.00%-1.00%0.00%
Fair Value$387.46$480.13$583.62
Upside / Downside-40.02%-25.68%-9.66%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)246.62244.15241.71239.29236.90234.53241.56
Payout Ratio5.26%22.20%39.15%56.10%73.05%90.00%92.50%
Projected Dividends (M)12.9654.2194.64134.25173.06211.08223.45

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.23%7.23%7.23%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)50.0550.5651.07
Year 2 PV (M)80.6582.3183.98
Year 3 PV (M)105.62108.89112.22
Year 4 PV (M)125.69130.90136.27
Year 5 PV (M)141.52148.89156.57
PV of Terminal Value (M)3,542.603,727.073,919.15
Equity Value (M)4,046.134,248.614,459.25
Shares Outstanding (M)5.415.415.41
Fair Value$748.32$785.77$824.73
Upside / Downside15.84%21.64%27.67%

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