Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Nihon Kohden Corporation (6849.T)

Company Dividend Discount ModelIndustry: Medical - DevicesSector: Healthcare

Valuation Snapshot

Stable Growth$1,746.26 - $3,344.98$2,387.77
Multi-Stage$2,081.48 - $2,281.87$2,179.80
Blended Fair Value$2,283.78
Current Price$1,690.50
Upside35.10%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS11.35%4.44%31.1236.4234.9829.5518.1818.1818.2018.2818.2918.47
YoY Growth---14.54%4.10%18.40%62.54%-0.03%-0.10%-0.43%-0.03%-0.99%-8.33%
Dividend Yield--1.81%1.58%1.82%2.13%1.15%1.00%1.23%1.19%1.41%1.29%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)18,159.00
(-) Cash Dividends Paid (M)5,107.00
(=) Cash Retained (M)13,052.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,631.802,269.881,361.93
Cash Retained (M)13,052.0013,052.0013,052.00
(-) Cash Required (M)-3,631.80-2,269.88-1,361.93
(=) Excess Retained (M)9,420.2010,782.1311,690.08
(/) Shares Outstanding (M)163.88163.88163.88
(=) Excess Retained per Share57.4865.7971.33
LTM Dividend per Share31.1631.1631.16
(+) Excess Retained per Share57.4865.7971.33
(=) Adjusted Dividend88.6596.96102.50
WACC / Discount Rate7.64%7.64%7.64%
Growth Rate2.44%3.44%4.44%
Fair Value$1,746.26$2,387.77$3,344.98
Upside / Downside3.30%41.25%97.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)18,159.0018,784.2119,430.9520,099.9620,792.0021,507.8722,153.10
Payout Ratio28.12%40.50%52.87%65.25%77.62%90.00%92.50%
Projected Dividends (M)5,107.007,607.4310,273.9813,115.1316,139.7419,357.0820,491.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.64%7.64%7.64%
Growth Rate2.44%3.44%4.44%
Year 1 PV (M)6,998.937,067.257,135.57
Year 2 PV (M)8,696.148,866.759,039.01
Year 3 PV (M)10,213.0310,515.0410,822.95
Year 4 PV (M)11,563.0612,021.2012,492.83
Year 5 PV (M)12,758.8113,393.8114,053.85
PV of Terminal Value (M)290,881.84305,358.98320,406.90
Equity Value (M)341,111.80357,223.04373,951.11
Shares Outstanding (M)163.88163.88163.88
Fair Value$2,081.48$2,179.80$2,281.87
Upside / Downside23.13%28.94%34.98%

High-Yield Dividend Screener

« Prev Page 4 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
VKQInvesco Municipal Trust8.62%$0.8469.07%
ARCCAres Capital Corporation8.61%$1.7691.56%
TPVGTriplePoint Venture Growth BDC Corp.8.52%$0.5767.26%
C-PJCitigroup Inc.8.49%$2.1326.99%
RVTRoyce Value Trust Inc.8.42%$1.3639.40%
OGNOrganon & Co.8.37%$0.6131.54%
MITTAG Mortgage Investment Trust, Inc.8.12%$0.7043.47%
CAGConagra Brands, Inc.8.06%$1.3978.70%
NOGNorthern Oil and Gas, Inc.8.02%$1.7794.64%
PAAPlains All American Pipeline, L.P.8.00%$1.4690.71%
TSLXSixth Street Specialty Lending, Inc.8.00%$1.7385.26%
ACCOACCO Brands Corporation7.90%$0.2967.00%
ETDEthan Allen Interiors Inc.7.90%$1.8197.75%
CQPCheniere Energy Partners, L.P.7.82%$4.2388.03%
UNMAUnum Group 6.250% JR NT587.69%$1.7933.52%
WRB-PHW.R. Berkley Corporation 4.125%7.68%$1.2726.69%
JHSJohn Hancock Income Securities Trust7.65%$0.8994.90%
NIDNuveen Intermediate Duration Municipal Term Fund7.59%$1.0284.59%
HWCPZHancock Whitney Corporation - 67.58%$1.7731.35%
WRB-PGW.R. Berkley Corporation 4.25%7.54%$1.2726.69%
NMTNuveen Massachusetts Quality Municipal Income Fund7.48%$0.8580.62%
LOANManhattan Bridge Capital, Inc.7.45%$0.3574.53%
OPALOPAL Fuels Inc.7.43%$0.1846.94%
ZIONLZions Bancorporation N.A. - 6.97.42%$1.8632.04%
GMTAGATX Corporation SR NT 20667.41%$1.8621.29%
IIMInvesco Value Municipal Income Trust7.41%$0.9264.33%
JMMNuveen Multi-Market Income Fund7.28%$0.4461.06%
BKEThe Buckle, Inc.7.26%$3.9196.21%
MHIPioneer Municipal High Income Fund, Inc.7.19%$0.6413.70%
ORIOld Republic International Corporation7.19%$3.1193.13%
PMFPIMCO Municipal Income Fund7.07%$0.5992.59%
RYNRayonier Inc.7.04%$1.5230.67%
DRQDril-Quip, Inc.7.02%$1.0850.37%
TRINITrinity Capital Inc. 7.875% Notes Due 20297.02%$1.7883.48%
C-PNCitigroup Capital XIII TR PFD SECS7.01%$2.1326.99%
VPVInvesco Pennsylvania Value Municipal Income Trust6.98%$0.7360.22%
VCVInvesco California Value Municipal Income Trust6.97%$0.7860.58%
EOTEaton Vance National Municipal Opportunities Trust6.96%$1.1869.84%
FLATXFidelity Latin America Fund6.92%$1.1539.63%
EGYVAALCO Energy, Inc.6.91%$0.2592.67%
NOMNuveen Missouri Quality Municipal Income Fund6.91%$0.8278.81%
UBCPUnited Bancorp, Inc.6.90%$0.9996.30%
TBCAT&T Inc. 5.625% Global Notes d6.89%$1.7255.65%
GTNGray Media, Inc.6.87%$0.3334.04%
HEPHolly Energy Partners, L.P.6.86%$1.4074.08%
AFGAmerican Financial Group, Inc.6.85%$9.2396.49%
BANFPBFC Capital Trust II PFD TR 7.20%6.85%$1.8025.72%
CFG-PDCitizens Financial Group, Inc.6.83%$1.7143.60%
RCIIRent-A-Center, Inc.6.81%$1.8279.98%
SPHSuburban Propane Partners, L.P.6.81%$1.2778.56%