Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Starts Proceed Investment Corporation (8979.T)

Company Dividend Discount ModelIndustry: REIT - ResidentialSector: Real Estate

Valuation Snapshot

Stable Growth$257,178.63 - $489,573.98$350,827.75
Multi-Stage$355,014.47 - $388,960.88$371,668.52
Blended Fair Value$361,248.14
Current Price$169,400.00
Upside113.25%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.11%0.00%9,988.9310,331.688,336.258,369.248,617.328,168.608,432.967,965.655,034.295,133.42
YoY Growth---3.32%23.94%-0.39%-2.88%5.49%-3.13%5.87%58.23%-1.93%0.00%
Dividend Yield--5.72%4.97%3.52%3.49%4.33%3.89%5.17%5.06%3.18%3.08%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,683.54
(-) Cash Dividends Paid (M)2,961.16
(=) Cash Retained (M)1,722.38
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)936.71585.44351.27
Cash Retained (M)1,722.381,722.381,722.38
(-) Cash Required (M)-936.71-585.44-351.27
(=) Excess Retained (M)785.681,136.941,371.12
(/) Shares Outstanding (M)0.280.280.28
(=) Excess Retained per Share2,781.524,025.104,854.15
LTM Dividend per Share10,483.3510,483.3510,483.35
(+) Excess Retained per Share2,781.524,025.104,854.15
(=) Adjusted Dividend13,264.8614,508.4415,337.50
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate1.86%2.86%3.86%
Fair Value$257,178.63$350,827.75$489,573.98
Upside / Downside51.82%107.10%189.00%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,683.544,817.444,955.165,096.825,242.535,392.405,554.17
Payout Ratio63.22%68.58%73.93%79.29%84.64%90.00%92.50%
Projected Dividends (M)2,961.163,303.793,663.594,041.264,437.534,853.165,137.61

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate1.86%2.86%3.86%
Year 1 PV (M)3,054.423,084.413,114.40
Year 2 PV (M)3,131.413,193.203,255.59
Year 3 PV (M)3,193.503,288.493,385.33
Year 4 PV (M)3,241.973,371.173,504.19
Year 5 PV (M)3,278.003,442.103,612.70
PV of Terminal Value (M)84,379.1588,603.2592,994.84
Equity Value (M)100,278.45104,982.60109,867.06
Shares Outstanding (M)0.280.280.28
Fair Value$355,014.47$371,668.52$388,960.88
Upside / Downside109.57%119.40%129.61%

High-Yield Dividend Screener

« Prev Page 30 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
DIB.AEDubai Islamic Bank P.J.S.C.4.96%$0.4741.66%
002701.SZORG Technology Co.,Ltd.4.95%$0.2968.18%
3702.TWWPG Holdings Limited4.95%$2.9381.01%
5353.TWOTailyn Technologies, Inc.4.95%$1.2992.09%
8966.THeiwa Real Estate REIT, Inc.4.95%$7,784.9462.25%
BOBA.JKPT Formosa Ingredient Factory Tbk4.95%$9.0050.69%
EPG-R.BKEastern Polymer Group Public Company Limited4.95%$0.1439.44%
MMP-UN.TOPrecious Metals and Mining Trust4.95%$0.1937.80%
VFQS.QAVodafone Qatar P.Q.S.C.4.95%$0.1280.20%
WJX.TOWajax Corporation4.95%$1.3765.74%
0RI3.LPareto Bank ASA4.94%$4.4950.07%
3226.TMitsui Fudosan Accommodations Fund Inc.4.94%$6,633.1172.65%
600987.SSZhejiang Hangmin Co.,Ltd4.94%$0.3447.75%
6596.TWOKuang Hong Arts Management Incorporation4.94%$6.9937.90%
ALLUX.PAInstallux S.A.4.94%$15.3129.71%
5110.SRSaudi Electricity Company4.93%$0.7051.64%
HYPE3.SAHypera S.A.4.93%$1.1588.85%
0966.HKChina Taiping Insurance Holdings Company Limited4.92%$0.9521.78%
5213.TWOYeaShin International Development Co., Ltd.4.92%$1.1837.56%
600295.SSInner Mongolia Erdos Resources Co.,ltd.4.92%$0.6192.93%
6192.TWLumax International Corp., Ltd.4.92%$5.4852.55%
E3G1.SGEvolution AB (publ)4.92%$2.8450.73%
XO.BKExotic Food Public Company Limited4.92%$0.7257.45%
059090.KQMiCo Ltd.4.91%$674.3669.83%
0662.HKAsia Financial Holdings Limited4.91%$0.2419.50%
4928.TNoevir Holdings Co., Ltd.4.91%$224.9495.68%
600970.SSSinoma International Engineering Co.Ltd4.91%$0.5144.22%
601319.SSThe People's Insurance Company (Group) of China Limited4.91%$0.4442.28%
EVLI.HEEvli Oyj4.91%$1.1492.58%
MRXMarex Group plc Ordinary Shares4.91%$1.8638.69%
SPMA.JKPT Suparma Tbk4.91%$11.9734.68%
TABREED.AENational Central Cooling Company PJSC4.91%$0.1677.99%
081660.KSMisto Holdings Corp.4.90%$2,010.6262.73%
300770.SZGuangdong South New Media Co.,Ltd.4.90%$2.0863.80%
7944.TRoland Corporation4.90%$174.9564.69%
IGTInternational Game Technology PLC4.90%$0.8083.51%
SYDB.COSydbank A/S4.90%$27.5761.30%
7246.KLSignature International Berhad4.89%$0.0748.72%
9917.TWTaiwan Secom Co., Ltd.4.89%$5.2880.23%
QBE.AXQBE Insurance Group Limited4.89%$0.9739.27%
TRIS3.SATrisul S.A.4.89%$0.3025.32%
000877.SZTianshan Material Co., Ltd.4.88%$0.2693.74%
0236.HKSan Miguel Brewery Hong Kong Limited4.88%$0.0633.49%
4007.SRAl Hammadi Holding Company4.88%$1.3884.27%
600901.SSJiangsu Financial Leasing Co., Ltd.4.88%$0.3054.72%
601098.SSChina South Publishing & Media Group Co., Ltd4.88%$0.5562.37%
SPIE.PASPIE S.a.4.88%$2.4095.87%
TOTO.JKPT Surya Toto Indonesia Tbk4.88%$13.1736.11%
002035.SZVatti Corporation Limited4.87%$0.3057.45%
002807.SZJiangsu Jiangyin Rural Commercial Bank Co.,LTD.4.87%$0.2225.03%