Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

ASIRO Inc. (7378.T)

Company Dividend Discount ModelIndustry: Personal Products & ServicesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$787.99 - $1,118.30$950.84
Multi-Stage$1,187.69 - $1,304.27$1,244.86
Blended Fair Value$1,097.85
Current Price$1,734.00
Upside-36.69%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS0.00%0.00%13.4413.030.000.000.000.000.000.000.000.00
YoY Growth--3.14%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.79%1.75%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)869.53
(-) Cash Dividends Paid (M)175.74
(=) Cash Retained (M)693.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)173.91108.6965.21
Cash Retained (M)693.79693.79693.79
(-) Cash Required (M)-173.91-108.69-65.21
(=) Excess Retained (M)519.88585.10628.57
(/) Shares Outstanding (M)7.297.297.29
(=) Excess Retained per Share71.2780.2186.17
LTM Dividend per Share24.0924.0924.09
(+) Excess Retained per Share71.2780.2186.17
(=) Adjusted Dividend95.36104.30110.26
WACC / Discount Rate9.86%9.86%9.86%
Growth Rate-2.00%-1.00%0.00%
Fair Value$787.99$950.84$1,118.30
Upside / Downside-54.56%-45.17%-35.51%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)869.53860.83852.22843.70835.26826.91851.72
Payout Ratio20.21%34.17%48.13%62.08%76.04%90.00%92.50%
Projected Dividends (M)175.74294.13410.14523.81635.15744.22787.84

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.86%9.86%9.86%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)265.03267.74270.44
Year 2 PV (M)333.00339.83346.73
Year 3 PV (M)383.20395.05407.15
Year 4 PV (M)418.69436.04453.93
Year 5 PV (M)442.04465.06489.03
PV of Terminal Value (M)6,821.887,177.127,546.99
Equity Value (M)8,663.859,080.849,514.26
Shares Outstanding (M)7.297.297.29
Fair Value$1,187.69$1,244.86$1,304.27
Upside / Downside-31.51%-28.21%-24.78%

High-Yield Dividend Screener

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