Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Fukuoka REIT Corporation (8968.T)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$289,366.77 - $583,114.47$403,273.29
Multi-Stage$431,250.14 - $472,958.43$451,709.46
Blended Fair Value$427,491.37
Current Price$184,400.00
Upside131.83%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS2.59%3.66%7,970.977,228.516,790.676,764.786,320.367,012.896,960.386,223.276,168.596,403.17
YoY Growth--10.27%6.45%0.38%7.03%-9.88%0.75%11.84%0.89%-3.66%15.10%
Dividend Yield--4.32%4.87%4.19%3.97%3.60%5.14%3.90%3.65%3.75%3.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)14,275.18
(-) Cash Dividends Paid (M)9,080.62
(=) Cash Retained (M)5,194.57
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,855.041,784.401,070.64
Cash Retained (M)5,194.575,194.575,194.57
(-) Cash Required (M)-2,855.04-1,784.40-1,070.64
(=) Excess Retained (M)2,339.533,410.174,123.93
(/) Shares Outstanding (M)0.830.830.83
(=) Excess Retained per Share2,810.614,096.834,954.31
LTM Dividend per Share10,909.0710,909.0710,909.07
(+) Excess Retained per Share2,810.614,096.834,954.31
(=) Adjusted Dividend13,719.6815,005.9015,863.38
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate1.66%2.66%3.66%
Fair Value$289,366.77$403,273.29$583,114.47
Upside / Downside56.92%118.69%216.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)14,275.1814,655.2115,045.3615,445.8915,857.0916,279.2416,767.61
Payout Ratio63.61%68.89%74.17%79.44%84.72%90.00%92.50%
Projected Dividends (M)9,080.6210,095.8211,158.6512,270.9113,434.4814,651.3115,510.04

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate1.66%2.66%3.66%
Year 1 PV (M)9,388.879,481.239,573.58
Year 2 PV (M)9,650.619,841.4110,034.06
Year 3 PV (M)9,869.4210,163.5410,463.44
Year 4 PV (M)10,048.6510,449.8910,863.04
Year 5 PV (M)10,191.4210,702.6211,234.13
PV of Terminal Value (M)309,819.98325,360.43341,518.33
Equity Value (M)358,968.95375,999.11393,686.57
Shares Outstanding (M)0.830.830.83
Fair Value$431,250.14$451,709.46$472,958.43
Upside / Downside133.87%144.96%156.49%

High-Yield Dividend Screener

« Prev Page 33 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
2948.TWOBausen Inc.4.66%$1.7780.08%
600368.SSGuangxi Wuzhou Communications Co., Ltd.4.66%$0.1845.90%
688606.SSHangzhou Alltest Biotech Co., Ltd.4.66%$2.9879.11%
CHG-R.BKChularat Hospital Public Company Limited4.66%$0.0796.65%
CRT-UN.TOCT Real Estate Investment Trust4.66%$0.7646.43%
KWC.BKKrungdhep Sophon Public Company Limited4.66%$12.4880.34%
QNT.WAQuantum Software S.A.4.66%$1.7748.50%
TOUP.PATouax SCA4.66%$0.2220.71%
002948.SZBank of Qingdao Co., Ltd.4.65%$0.2125.26%
175330.KSJB Financial Group Co., Ltd.4.65%$1,171.1832.82%
ATRAV.HEAtria Oyj4.65%$0.7045.12%
INSET.BKInfraset Public Company Limited4.65%$0.0893.21%
OMAB.MXGrupo Aeroportuario del Centro Norte, S.A.B. de C.V.4.65%$11.2781.96%
TCO.AXTransmetro Corporation Limited4.65%$0.1027.59%
TCO0.DETesco PLC4.65%$0.2458.23%
2748.TWFDC International Hotels Corporation4.64%$2.0087.06%
600351.SSYabao Pharmaceutical Group Co., Ltd4.64%$0.3094.39%
6345.TAichi Corporation4.64%$63.5566.53%
7030.SRMobile Telecommunications Company Saudi Arabia4.64%$0.4967.65%
293480.KSHana Pharm Co., Ltd.4.63%$510.7544.31%
ALFPC.PAFountaine Pajot S.A.4.63%$4.7715.78%
EKTR3.SAElektro Redes S.A.4.63%$2.2847.37%
002749.SZSichuan Guoguang Agrochemical Co., Ltd.4.62%$0.6275.36%
0ROG.LGalenica AG4.62%$4.5160.87%
2534.TWHung Sheng Construction Ltd.4.62%$0.9640.22%
600757.SSChangjiang Publishing & Media Co.,Ltd4.62%$0.4144.68%
8976.TDaiwa Office Investment Corporation4.62%$17,319.0261.76%
BBTN.JKPT Bank Tabungan Negara (Persero) Tbk4.62%$53.5723.29%
SICO.JKPT Sigma Energy Compressindo Tbk4.62%$6.0046.65%
016360.KSSamsung Securities Co., Ltd.4.61%$3,499.8033.25%
603967.SSChina Master Logistics Co., Ltd.4.61%$0.6384.73%
ERAA.JKPT Erajaya Swasembada Tbk4.61%$19.0029.20%
FCR-UN.TOFirst Capital Real Estate Investment Trust4.61%$0.8771.15%
HELN.SWHelvetia Holding AG4.61%$9.6376.62%
SAUCE.BKThaitheparos Public Company Limited4.61%$1.7986.46%
SFSN.SWSFS Group AG4.61%$5.0039.88%
256150.KQHandok Clean Tech Co., Ltd.4.60%$251.5861.57%
600066.SSYutong Bus Co.,Ltd.4.60%$1.5066.89%
6369.TToyo Kanetsu K.K.4.60%$114.2124.14%
AUI.AXAustralian United Investment Company Limited4.60%$0.5263.93%
EXAE.ATHellenic Exchanges - Athens Stock Exchange S.A.4.60%$0.2978.34%
0837.HKCarpenter Tan Holdings Limited4.59%$0.3624.98%
ANSGR.ISAnadolu Anonim Türk Sigorta Sirketi4.59%$1.0517.19%
GLVA.JKPT Galva Technologies Tbk4.59%$19.2060.20%
TEAMG.BKTEAM Consulting Engineering and Management Public Company Limited4.59%$0.1556.43%
UMG.ASUniversal Music Group N.V.4.59%$1.0144.97%
5293.KLAME Elite Consortium Berhad4.58%$0.0740.76%
6534.TWCH Biotech R&D Co., Ltd.4.58%$4.1095.94%
6817.TSumida Corporation4.58%$52.4586.38%
AUDCAudioCodes Ltd.4.58%$0.4082.97%