Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Teac Corporation (6803.T)

Company Dividend Discount ModelIndustry: Computer HardwareSector: Technology

Valuation Snapshot

Stable Growth$62.69 - $94.75$77.80
Multi-Stage$124.11 - $136.73$130.29
Blended Fair Value$104.05
Current Price$90.00
Upside15.61%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%1.011.010.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.12%1.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)210.00
(-) Cash Dividends Paid (M)29.00
(=) Cash Retained (M)181.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)42.0026.2515.75
Cash Retained (M)181.00181.00181.00
(-) Cash Required (M)-42.00-26.25-15.75
(=) Excess Retained (M)139.00154.75165.25
(/) Shares Outstanding (M)28.8028.8028.80
(=) Excess Retained per Share4.835.375.74
LTM Dividend per Share1.011.011.01
(+) Excess Retained per Share4.835.375.74
(=) Adjusted Dividend5.836.386.74
WACC / Discount Rate7.12%7.12%7.12%
Growth Rate-2.00%-1.00%0.00%
Fair Value$62.69$77.80$94.75
Upside / Downside-30.34%-13.56%5.28%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)210.00207.90205.82203.76201.73199.71205.70
Payout Ratio13.81%29.05%44.29%59.52%74.76%90.00%92.50%
Projected Dividends (M)29.0060.3991.15121.29150.81179.74190.27

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.12%7.12%7.12%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)55.8156.3856.95
Year 2 PV (M)77.8479.4481.05
Year 3 PV (M)95.7298.68101.70
Year 4 PV (M)109.99114.55119.25
Year 5 PV (M)121.14127.45134.01
PV of Terminal Value (M)3,114.253,276.413,445.27
Equity Value (M)3,574.753,752.913,938.23
Shares Outstanding (M)28.8028.8028.80
Fair Value$124.11$130.29$136.73
Upside / Downside37.90%44.77%51.92%

High-Yield Dividend Screener

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