Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

ASICS Corporation (7936.T)

Company Dividend Discount ModelIndustry: Apparel - Footwear & AccessoriesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$20,083.59 - $23,661.87$22,174.64
Multi-Stage$13,547.23 - $14,868.86$14,195.70
Blended Fair Value$18,185.17
Current Price$3,872.00
Upside369.66%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS26.27%16.25%20.3112.527.169.204.606.339.386.236.226.22
YoY Growth--62.24%74.85%-22.20%100.03%-27.30%-32.51%50.61%0.07%0.00%38.14%
Dividend Yield--0.65%0.72%0.76%1.55%1.04%2.53%2.48%1.26%1.39%1.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)85,180.00
(-) Cash Dividends Paid (M)15,796.00
(=) Cash Retained (M)69,384.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17,036.0010,647.506,388.50
Cash Retained (M)69,384.0069,384.0069,384.00
(-) Cash Required (M)-17,036.00-10,647.50-6,388.50
(=) Excess Retained (M)52,348.0058,736.5062,995.50
(/) Shares Outstanding (M)715.93715.93715.93
(=) Excess Retained per Share73.1282.0487.99
LTM Dividend per Share22.0622.0622.06
(+) Excess Retained per Share73.1282.0487.99
(=) Adjusted Dividend95.18104.11110.06
WACC / Discount Rate2.43%2.43%2.43%
Growth Rate5.50%6.50%7.50%
Fair Value$20,083.59$22,174.64$23,661.87
Upside / Downside418.69%472.69%511.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)85,180.0090,716.7096,613.29102,893.15109,581.20116,703.98120,205.10
Payout Ratio18.54%32.84%47.13%61.42%75.71%90.00%92.50%
Projected Dividends (M)15,796.0029,787.2045,530.5163,194.6182,962.67105,033.58111,189.72

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate2.43%2.43%2.43%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)28,808.6929,081.7629,354.83
Year 2 PV (M)42,588.3043,399.4944,218.33
Year 3 PV (M)57,169.1458,810.2660,482.49
Year 4 PV (M)72,586.8975,378.3878,249.61
Year 5 PV (M)88,878.6693,171.5497,628.71
PV of Terminal Value (M)9,408,794.049,863,242.3110,335,083.38
Equity Value (M)9,698,825.7210,163,083.7210,645,017.35
Shares Outstanding (M)715.93715.93715.93
Fair Value$13,547.23$14,195.70$14,868.86
Upside / Downside249.88%266.62%284.01%

High-Yield Dividend Screener

« Prev Page 3 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BLWBlackRock Limited Duration Income Trust11.50%$1.5893.39%
ELCEntergy Louisiana, LLC COLLATERAL TR MT11.33%$2.3457.35%
VIASPVia Renewables, Inc.11.33%$2.8849.21%
BUIBlackRock Utilities, Infrastructure & Power Opportunities Trust11.31%$2.9358.72%
JPCNuveen Preferred & Income Opportunities Fund11.24%$0.9167.43%
RILYB. Riley Financial, Inc.11.21%$0.5856.91%
PFOFlaherty & Crumrine Preferred Income Opportunity Fund Inc.11.06%$1.0543.18%
OXLCIOxford Lane Capital Corp.11.05%$2.8369.26%
USB-PSU.S. Bancorp Depositary Shares,10.98%$2.0243.68%
FLCFlaherty & Crumrine Total Return Fund Inc.10.93%$1.9242.77%
UTGReaves Utility Income Fund10.78%$4.0043.20%
CEMClearBridge MLP and Midstream Fund Inc10.77%$5.6046.76%
AIVApartment Investment and Management Company10.76%$0.6336.20%
DCFBNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.10.71%$0.9942.71%
CALMCal-Maine Foods, Inc.10.70%$8.4032.04%
EMOClearBridge Energy Midstream Opportunity Fund Inc10.65%$4.7926.74%
CTRClearBridge MLP and Midstream Total Return Fund Inc.10.63%$5.0047.43%
EIMEaton Vance Municipal Bond Fund10.57%$1.0364.33%
VZAVerizon Communications, 5.9% 15 Feb 205410.57%$2.7049.90%
BPOPMPopular Capital Trust II PFD GTD 6.125%10.45%$2.6726.93%
RITMRithm Capital Corp.10.45%$1.1571.36%
IHTAInvesco High Income 2024 Target Term Fund10.33%$0.7826.82%
WUThe Western Union Company10.30%$0.9540.76%
ERHAllspring Utilities and High Income Fund10.26%$1.2231.06%
GDVThe Gabelli Dividend & Income Trust10.25%$2.8539.93%
CIIBlackRock Enhanced Capital and Income Fund, Inc.10.23%$2.3844.19%
GBDCGolub Capital BDC, Inc.10.19%$1.3897.76%
PVCMXPalm Valley Capital Fund Investor Class10.19%$1.2483.81%
AEDVXEmerging Markets Debt Fund - Investor Class9.95%$0.9476.80%
HYTBlackRock Corporate High Yield Fund, Inc.9.83%$0.8799.09%
FFCFlaherty & Crumrine Preferred Securities Income Fund Inc.9.79%$1.6337.81%
WENThe Wendy's Company9.78%$0.8082.75%
CMSACMS Energy Corporation 5.6% JRSUB NT 789.77%$2.1762.27%
HIEMiller/Howard High Income Equity Fund9.63%$1.2198.11%
NMSNuveen Minnesota Quality Municipal Income Fund9.54%$1.1237.02%
CMSCCMS Energy Corporation 5.875% J9.48%$2.1762.27%
NEE-PNNextEra Energy, Inc. Series N J9.24%$2.2170.10%
CMSDCMS Energy Corporation 5.875% Junior Subordinated Notes due 20799.20%$2.1762.27%
VFLabrdn National Municipal Income Fund9.06%$0.9334.18%
UANCVR Partners, LP8.96%$9.0975.52%
GGZThe Gabelli Global Small and Mid Cap Value Trust8.95%$1.3448.03%
SUNSSunrise Realty Trust, Inc.8.95%$0.8388.91%
PTYPIMCO Corporate & Income Opportunity Fund8.93%$1.1588.40%
ATHSAthene Holding Ltd. 7.250% Fixe8.86%$2.2214.14%
APAMArtisan Partners Asset Management Inc.8.83%$3.6697.93%
VLTInvesco High Income Trust II8.83%$0.9846.97%
VTNInvesco Trust for Investment Grade New York Municipals8.75%$1.0165.99%
JEQAbrdn Japan Equity Fund Inc8.73%$0.6943.45%
MOAltria Group, Inc.8.69%$4.9894.54%
JGGCJaguar Global Growth Corporation I8.63%$0.1563.08%