Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Rakumachi,inc. (6037.T)

Company Dividend Discount ModelIndustry: Internet Content & InformationSector: Communication Services

Valuation Snapshot

Stable Growth$1,043.08 - $2,212.07$1,480.74
Multi-Stage$758.35 - $828.46$792.77
Blended Fair Value$1,136.75
Current Price$1,000.00
Upside13.68%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%13.177.145.705.260.000.000.000.002.800.00
YoY Growth--84.63%25.15%8.39%0.00%0.00%0.00%0.00%-100.00%0.00%0.00%
Dividend Yield--1.32%1.02%1.22%1.35%0.00%0.00%0.00%0.00%0.43%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,169.99
(-) Cash Dividends Paid (M)172.00
(=) Cash Retained (M)997.99
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)234.00146.2587.75
Cash Retained (M)997.99997.99997.99
(-) Cash Required (M)-234.00-146.25-87.75
(=) Excess Retained (M)763.99851.74910.24
(/) Shares Outstanding (M)21.0421.0421.04
(=) Excess Retained per Share36.3240.4943.27
LTM Dividend per Share8.188.188.18
(+) Excess Retained per Share36.3240.4943.27
(=) Adjusted Dividend44.4948.6651.44
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate5.50%6.50%7.50%
Fair Value$1,043.08$1,480.74$2,212.07
Upside / Downside4.31%48.07%121.21%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,169.991,246.041,327.031,413.291,505.151,602.991,651.08
Payout Ratio14.70%29.76%44.82%59.88%74.94%90.00%92.50%
Projected Dividends (M)172.00370.83594.78846.281,127.961,442.691,527.25

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)333.95337.12340.28
Year 2 PV (M)482.37491.56500.83
Year 3 PV (M)618.08635.82653.90
Year 4 PV (M)741.88770.41799.76
Year 5 PV (M)854.52895.80938.65
PV of Terminal Value (M)12,922.9613,547.1414,195.21
Equity Value (M)15,953.7716,677.8517,428.64
Shares Outstanding (M)21.0421.0421.04
Fair Value$758.35$792.77$828.46
Upside / Downside-24.16%-20.72%-17.15%

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