Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Takashimaya Company, Limited (8233.T)

Company Dividend Discount ModelIndustry: Department StoresSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$19,381.22 - $22,834.91$21,399.40
Multi-Stage$60,350.19 - $66,274.43$63,256.77
Blended Fair Value$42,328.09
Current Price$1,331.00
Upside3,080.17%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS10.35%7.36%18.7113.4911.0411.0411.0411.4411.5711.5711.5710.68
YoY Growth--38.72%22.19%0.00%0.00%-3.47%-1.14%0.00%0.00%8.37%16.08%
Dividend Yield--1.62%1.04%1.18%1.72%1.77%2.18%2.01%1.27%1.12%1.36%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)41,666.00
(-) Cash Dividends Paid (M)7,571.00
(=) Cash Retained (M)34,095.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8,333.205,208.253,124.95
Cash Retained (M)34,095.0034,095.0034,095.00
(-) Cash Required (M)-8,333.20-5,208.25-3,124.95
(=) Excess Retained (M)25,761.8028,886.7530,970.05
(/) Shares Outstanding (M)362.42362.42362.42
(=) Excess Retained per Share71.0879.7185.45
LTM Dividend per Share20.8920.8920.89
(+) Excess Retained per Share71.0879.7185.45
(=) Adjusted Dividend91.97100.60106.35
WACC / Discount Rate-24.79%-24.79%-24.79%
Growth Rate5.36%6.36%7.36%
Fair Value$19,381.22$21,399.40$22,834.91
Upside / Downside1,356.14%1,507.77%1,615.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)41,666.0044,316.9647,136.5950,135.6153,325.4456,718.2358,419.77
Payout Ratio18.17%32.54%46.90%61.27%75.63%90.00%92.50%
Projected Dividends (M)7,571.0014,419.2122,108.2030,717.2240,332.2451,046.4054,038.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-24.79%-24.79%-24.79%
Growth Rate5.36%6.36%7.36%
Year 1 PV (M)18,991.8619,172.1119,352.36
Year 2 PV (M)38,353.5139,084.9939,823.39
Year 3 PV (M)70,187.4872,204.9674,260.74
Year 4 PV (M)121,382.44126,056.65130,864.57
Year 5 PV (M)202,345.97212,132.37222,293.80
PV of Terminal Value (M)21,420,569.7222,456,567.9923,532,268.61
Equity Value (M)21,871,830.9822,925,219.0724,018,863.48
Shares Outstanding (M)362.42362.42362.42
Fair Value$60,350.19$63,256.77$66,274.43
Upside / Downside4,434.20%4,652.57%4,879.30%

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