Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

MISUMI Group Inc. (9962.T)

Company Dividend Discount ModelIndustry: Manufacturing - Tools & AccessoriesSector: Industrials

Valuation Snapshot

Stable Growth$3,393.82 - $12,631.79$5,692.45
Multi-Stage$2,171.34 - $2,372.18$2,269.94
Blended Fair Value$3,981.19
Current Price$2,306.50
Upside72.61%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS12.97%11.27%35.1225.6833.6328.4413.3719.0921.9420.9815.6413.40
YoY Growth--36.77%-23.65%18.26%112.65%-29.94%-13.01%4.58%34.17%16.69%11.06%
Dividend Yield--1.82%0.93%1.17%0.99%0.36%0.71%0.78%0.65%0.61%0.73%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)32,345.00
(-) Cash Dividends Paid (M)11,885.00
(=) Cash Retained (M)20,460.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6,469.004,043.132,425.88
Cash Retained (M)20,460.0020,460.0020,460.00
(-) Cash Required (M)-6,469.00-4,043.13-2,425.88
(=) Excess Retained (M)13,991.0016,416.8818,034.13
(/) Shares Outstanding (M)274.88274.88274.88
(=) Excess Retained per Share50.9059.7265.61
LTM Dividend per Share43.2443.2443.24
(+) Excess Retained per Share50.9059.7265.61
(=) Adjusted Dividend94.14102.96108.84
WACC / Discount Rate8.43%8.43%8.43%
Growth Rate5.50%6.50%7.50%
Fair Value$3,393.82$5,692.45$12,631.79
Upside / Downside47.14%146.80%447.66%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)32,345.0034,447.4336,686.5139,071.1341,610.7544,315.4545,644.92
Payout Ratio36.74%47.40%58.05%68.70%79.35%90.00%92.50%
Projected Dividends (M)11,885.0016,326.5621,295.3026,841.0033,017.6739,883.9142,221.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.43%8.43%8.43%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)14,916.3615,057.7515,199.13
Year 2 PV (M)17,775.4418,114.0118,455.77
Year 3 PV (M)20,469.3221,056.9221,655.66
Year 4 PV (M)23,004.8523,889.5524,799.53
Year 5 PV (M)25,388.6126,614.8927,888.10
PV of Terminal Value (M)495,304.01519,227.37544,066.35
Equity Value (M)596,858.58623,960.49652,064.54
Shares Outstanding (M)274.88274.88274.88
Fair Value$2,171.34$2,269.94$2,372.18
Upside / Downside-5.86%-1.59%2.85%

High-Yield Dividend Screener

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