Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Fuyo General Lease Co., Ltd. (8424.T)

Company Dividend Discount ModelIndustry: Rental & Leasing ServicesSector: Industrials

Valuation Snapshot

Stable Growth$15,747.86 - $59,658.37$45,998.23
Multi-Stage$7,522.66 - $8,223.90$7,866.88
Blended Fair Value$26,932.55
Current Price$4,425.00
Upside508.65%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS17.53%19.99%157.30126.95104.3786.6471.6070.1352.2246.1637.4229.69
YoY Growth--23.91%21.63%20.46%21.00%2.10%34.29%13.15%23.35%26.04%16.72%
Dividend Yield--4.03%3.08%2.84%3.38%3.06%3.51%2.56%1.82%1.75%2.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)27,089.00
(-) Cash Dividends Paid (M)14,205.00
(=) Cash Retained (M)12,884.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,417.803,386.132,031.68
Cash Retained (M)12,884.0012,884.0012,884.00
(-) Cash Required (M)-5,417.80-3,386.13-2,031.68
(=) Excess Retained (M)7,466.209,497.8810,852.33
(/) Shares Outstanding (M)90.3090.3090.30
(=) Excess Retained per Share82.68105.18120.18
LTM Dividend per Share157.30157.30157.30
(+) Excess Retained per Share82.68105.18120.18
(=) Adjusted Dividend239.98262.48277.48
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate5.50%6.50%7.50%
Fair Value$15,747.86$45,998.23$59,658.37
Upside / Downside255.88%939.51%1,248.21%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)27,089.0028,849.7930,725.0232,722.1534,849.0937,114.2838,227.71
Payout Ratio52.44%59.95%67.46%74.98%82.49%90.00%92.50%
Projected Dividends (M)14,205.0017,295.6220,728.0124,533.5328,746.1933,402.8535,360.63

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)15,996.2516,147.8716,299.50
Year 2 PV (M)17,730.5318,068.2418,409.15
Year 3 PV (M)19,409.1419,966.3020,534.03
Year 4 PV (M)21,033.3621,842.2422,674.23
Year 5 PV (M)22,604.4423,696.2424,829.83
PV of Terminal Value (M)582,544.06610,681.16639,895.13
Equity Value (M)679,317.77710,402.06742,641.87
Shares Outstanding (M)90.3090.3090.30
Fair Value$7,522.66$7,866.88$8,223.90
Upside / Downside70.00%77.78%85.85%

High-Yield Dividend Screener

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