Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Nishio Rent All Co., Ltd. (9699.T)

Company Dividend Discount ModelIndustry: Rental & Leasing ServicesSector: Industrials

Valuation Snapshot

Stable Growth$14,404.05 - $80,724.65$26,283.74
Multi-Stage$10,290.03 - $11,267.63$10,769.79
Blended Fair Value$18,526.77
Current Price$4,290.00
Upside331.86%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.00111.9599.9284.9476.9169.9370.6552.3954.8448.11
YoY Growth---100.00%12.04%17.63%10.44%9.99%-1.02%34.85%-4.46%14.00%0.00%
Dividend Yield--0.00%2.37%2.44%2.73%2.68%3.24%2.27%1.59%1.50%1.34%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)12,109.00
(-) Cash Dividends Paid (M)3,498.00
(=) Cash Retained (M)8,611.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,421.801,513.63908.18
Cash Retained (M)8,611.008,611.008,611.00
(-) Cash Required (M)-2,421.80-1,513.63-908.18
(=) Excess Retained (M)6,189.207,097.387,702.83
(/) Shares Outstanding (M)27.7727.7727.77
(=) Excess Retained per Share222.86255.56277.36
LTM Dividend per Share125.96125.96125.96
(+) Excess Retained per Share222.86255.56277.36
(=) Adjusted Dividend348.82381.52403.32
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate4.58%5.58%6.58%
Fair Value$14,404.05$26,283.74$80,724.65
Upside / Downside235.76%512.67%1,781.69%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)12,109.0012,784.2113,497.0614,249.6715,044.2415,883.1216,359.62
Payout Ratio28.89%41.11%53.33%65.56%77.78%90.00%92.50%
Projected Dividends (M)3,498.005,255.607,198.339,341.3811,701.0414,294.8115,132.64

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate4.58%5.58%6.58%
Year 1 PV (M)4,860.324,906.804,953.27
Year 2 PV (M)6,156.266,274.566,393.99
Year 3 PV (M)7,388.207,602.187,820.26
Year 4 PV (M)8,558.458,890.539,232.19
Year 5 PV (M)9,669.2210,140.4610,629.89
PV of Terminal Value (M)249,137.28261,279.05273,889.66
Equity Value (M)285,769.74299,093.59312,919.26
Shares Outstanding (M)27.7727.7727.77
Fair Value$10,290.03$10,769.79$11,267.63
Upside / Downside139.86%151.04%162.65%

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