Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Raoom Trading Co. (4144.SR)

Company Dividend Discount ModelIndustry: Manufacturing - MiscellaneousSector: Industrials

Valuation Snapshot

Stable Growth$15.41 - $24.42$19.52
Multi-Stage$40.63 - $44.70$42.62
Blended Fair Value$31.07
Current Price$66.30
Upside-53.14%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%1.710.000.000.001.260.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.01%0.00%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)16.83
(-) Cash Dividends Paid (M)14.00
(=) Cash Retained (M)2.83
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.372.101.26
Cash Retained (M)2.832.832.83
(-) Cash Required (M)-3.37-2.10-1.26
(=) Excess Retained (M)-0.540.731.57
(/) Shares Outstanding (M)10.9410.9410.94
(=) Excess Retained per Share-0.050.070.14
LTM Dividend per Share1.281.281.28
(+) Excess Retained per Share-0.050.070.14
(=) Adjusted Dividend1.231.351.42
WACC / Discount Rate5.83%5.83%5.83%
Growth Rate-2.00%-1.00%0.00%
Fair Value$15.41$19.52$24.42
Upside / Downside-76.76%-70.56%-63.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)16.8316.6616.5016.3316.1716.0116.49
Payout Ratio83.18%84.55%85.91%87.27%88.64%90.00%92.50%
Projected Dividends (M)14.0014.0914.1714.2514.3314.4015.25

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.83%5.83%5.83%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)13.1813.3113.45
Year 2 PV (M)12.4012.6512.91
Year 3 PV (M)11.6612.0212.39
Year 4 PV (M)10.9711.4211.89
Year 5 PV (M)10.3110.8511.41
PV of Terminal Value (M)385.85405.95426.87
Equity Value (M)444.38466.21488.92
Shares Outstanding (M)10.9410.9410.94
Fair Value$40.63$42.62$44.70
Upside / Downside-38.72%-35.71%-32.58%

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