Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Kohsoku Corporation (7504.T)

Company Dividend Discount ModelIndustry: Packaging & ContainersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$18,972.03 - $36,539.57$34,242.93
Multi-Stage$5,612.78 - $6,149.07$5,875.98
Blended Fair Value$20,059.45
Current Price$2,701.00
Upside642.67%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS13.33%8.98%54.8746.8644.7842.7535.7829.3528.4127.3927.6923.11
YoY Growth--17.10%4.63%4.76%19.48%21.90%3.33%3.71%-1.07%19.80%-0.44%
Dividend Yield--2.03%1.89%2.18%2.80%2.43%2.00%2.48%2.03%2.59%2.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,561.88
(-) Cash Dividends Paid (M)526.42
(=) Cash Retained (M)3,035.46
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)712.38445.23267.14
Cash Retained (M)3,035.463,035.463,035.46
(-) Cash Required (M)-712.38-445.23-267.14
(=) Excess Retained (M)2,323.092,590.232,768.32
(/) Shares Outstanding (M)19.3919.3919.39
(=) Excess Retained per Share119.83133.61142.80
LTM Dividend per Share27.1527.1527.15
(+) Excess Retained per Share119.83133.61142.80
(=) Adjusted Dividend146.99160.76169.95
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate5.50%6.50%7.50%
Fair Value$18,972.03$34,242.93$36,539.57
Upside / Downside602.41%1,167.79%1,252.82%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,561.883,793.404,039.974,302.574,582.234,880.085,026.48
Payout Ratio14.78%29.82%44.87%59.91%74.96%90.00%92.50%
Projected Dividends (M)526.421,131.321,812.632,577.743,434.654,392.074,649.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,054.101,064.101,074.09
Year 2 PV (M)1,573.651,603.621,633.88
Year 3 PV (M)2,085.142,145.002,205.99
Year 4 PV (M)2,588.672,688.232,790.63
Year 5 PV (M)3,084.343,233.323,388.00
PV of Terminal Value (M)98,425.37103,179.35108,115.28
Equity Value (M)108,811.28113,913.62119,207.86
Shares Outstanding (M)19.3919.3919.39
Fair Value$5,612.78$5,875.98$6,149.07
Upside / Downside107.80%117.55%127.66%

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