Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Relia, Inc. (4708.T)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$765.19 - $1,268.71$987.89
Multi-Stage$1,379.78 - $1,515.48$1,446.32
Blended Fair Value$1,217.11
Current Price$1,457.00
Upside-16.46%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS4.15%-2.47%43.0044.8240.8439.3338.2635.0930.8530.8630.8446.76
YoY Growth---4.06%9.74%3.84%2.78%9.05%13.75%-0.05%0.06%-34.04%-15.35%
Dividend Yield--2.95%4.19%3.01%3.92%3.04%2.22%2.52%2.90%2.25%4.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,301.00
(-) Cash Dividends Paid (M)2,134.99
(=) Cash Retained (M)2,166.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)860.20537.63322.58
Cash Retained (M)2,166.012,166.012,166.01
(-) Cash Required (M)-860.20-537.63-322.58
(=) Excess Retained (M)1,305.811,628.381,843.43
(/) Shares Outstanding (M)64.8464.8464.84
(=) Excess Retained per Share20.1425.1128.43
LTM Dividend per Share32.9332.9332.93
(+) Excess Retained per Share20.1425.1128.43
(=) Adjusted Dividend53.0758.0461.36
WACC / Discount Rate6.83%6.83%6.83%
Growth Rate-0.10%0.90%1.90%
Fair Value$765.19$987.89$1,268.71
Upside / Downside-47.48%-32.20%-12.92%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,301.004,339.594,378.534,417.824,457.464,497.464,632.38
Payout Ratio49.64%57.71%65.78%73.86%81.93%90.00%92.50%
Projected Dividends (M)2,134.992,504.452,880.363,262.823,651.904,047.714,284.95

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.83%6.83%6.83%
Growth Rate-0.10%0.90%1.90%
Year 1 PV (M)2,321.192,344.432,367.67
Year 2 PV (M)2,474.262,524.052,574.33
Year 3 PV (M)2,597.712,676.512,756.88
Year 4 PV (M)2,694.742,804.282,917.11
Year 5 PV (M)2,768.262,909.623,056.69
PV of Terminal Value (M)76,606.0580,517.8284,587.79
Equity Value (M)89,462.2293,776.7098,260.47
Shares Outstanding (M)64.8464.8464.84
Fair Value$1,379.78$1,446.32$1,515.48
Upside / Downside-5.30%-0.73%4.01%

High-Yield Dividend Screener

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