Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

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 31 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0QLX.LMetall Zug AG4.87%$39.8932.62%
6418.TJapan Cash Machine Co., Ltd.4.86%$49.9871.76%
A2A.MIA2A S.p.A.4.86%$0.1147.95%
GEST.MCGestamp Automoción, S.A.4.86%$0.1550.80%
2296.HKHuarchi Global Group Holdings Limited4.85%$0.0578.87%
7004.TKanadevia Corp4.85%$46.0936.42%
001630.KSChong Kun Dang Holdings Corp.4.84%$2,194.2330.09%
020000.KSHANDSOME Corp.4.84%$749.9941.55%
0906.HKCPMC Holdings Limited4.84%$0.3439.95%
603323.SSJiangsu Suzhou Rural Commercial Bank Co., Ltd4.84%$0.2424.36%
ESEAEuroseas Ltd.4.84%$2.6215.15%
JPFA.JKPT Japfa Comfeed Indonesia Tbk4.84%$140.4348.97%
LPH.BKLadprao General Hospital Public Company Limited4.84%$0.1877.89%
PTNT3.SAPettenati S.A. Industria Têxtil4.84%$0.4243.56%
002100.KSKyung Nong Corporation4.83%$449.7446.25%
3IT.Faudius SE4.83%$0.6747.79%
ME8U.SIMapletree Industrial Trust4.83%$0.1084.21%
SOAG.OLSpareBank 1 Østfold Akershus4.83%$21.8842.41%
0693.HKTan Chong International Limited4.82%$0.1028.87%
2152.HKSuxin Joyful Life Services Co., Ltd.4.82%$0.2719.91%
BDMN.JKPT Bank Danamon Indonesia Tbk4.82%$119.5631.76%
EKAD.JKPT Ekadharma International Tbk4.82%$8.8798.38%
PTG-R.BKPTG Energy Public Company Limited4.82%$0.3462.48%
VEND.OLVend Marketplaces ASA4.82%$17.2449.52%
1890.HKChina Kepei Education Group Limited4.81%$0.0616.29%
BASS.PABassac S.A.4.81%$2.4628.93%
DEYAAR.AEDeyaar Development PJSC4.81%$0.0540.79%
SDF.AXSteadfast Group Limited4.81%$0.2650.20%
SXE.AXSouthern Cross Electrical Engineering Limited4.81%$0.1259.32%
HPOL-B.STHEXPOL AB (publ)4.80%$4.2174.04%
MEGA-R.BKMega Lifesciences Public Company Limited4.80%$1.6170.67%
PTL-R.BKPolyplex (Thailand) Public Company Limited4.80%$0.4081.34%
000828.SZDongguan Development (Holdings) Co., Ltd.4.79%$0.5250.35%
002372.SZZhejiang Weixing New Building Materials Co., Ltd.4.79%$0.5090.51%
002736.SZGuosen Securities Co., Ltd.4.79%$0.6351.57%
600612.SSLao Feng Xiang Co., Ltd.4.79%$2.1369.19%
6285.TWWNC Corporation4.79%$4.7975.15%
6642.TWOFuzetec Technology Co., Ltd.4.79%$2.5094.93%
BSGR.ASB&S Group S.A.4.79%$0.2824.05%
030210.KSDaol Investment & Securities Co., Ltd.4.78%$165.8688.74%
0960.HKLongfor Group Holdings Limited4.78%$0.4215.35%
2176.HKCCID Consulting Company Limited4.78%$0.0866.12%
600820.SSShanghai Tunnel Engineering Co., Ltd.4.77%$0.3138.17%
8097.TSan-Ai Obbli Co., Ltd.4.77%$100.8088.28%
2722.HKChongqing Machinery & Electric Co., Ltd.4.76%$0.0935.27%
7267.THonda Motor Co., Ltd.4.76%$73.1447.07%
VALMT.HEValmet Oyj4.76%$1.3590.84%
000928.SZSinosteel Engineering & Technology Co., Ltd.4.75%$0.3160.04%
029780.KSSamsung Card Co., Ltd.4.75%$2,578.9146.87%
2020.HKANTA Sports Products Limited4.75%$3.8940.14%