Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nomura Real Estate Master Fund, Inc. (3462.T)

Company Dividend Discount ModelIndustry: REIT - RetailSector: Real Estate

Valuation Snapshot

Stable Growth$416,018.34 - $1,923,823.42$732,191.04
Multi-Stage$346,911.31 - $379,467.67$362,889.32
Blended Fair Value$547,540.18
Current Price$161,100.00
Upside239.88%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS6.12%14.60%6,867.756,337.755,863.285,300.455,514.665,102.164,711.225,187.154,765.502,348.79
YoY Growth--8.36%8.09%10.62%-3.88%8.08%8.30%-9.18%8.85%102.89%33.67%
Dividend Yield--4.26%4.29%3.43%3.11%3.25%3.75%2.54%3.35%3.28%1.38%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)62,736.71
(-) Cash Dividends Paid (M)45,762.46
(=) Cash Retained (M)16,974.25
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12,547.347,842.094,705.25
Cash Retained (M)16,974.2516,974.2516,974.25
(-) Cash Required (M)-12,547.34-7,842.09-4,705.25
(=) Excess Retained (M)4,426.919,132.1612,269.00
(/) Shares Outstanding (M)4.684.684.68
(=) Excess Retained per Share945.871,951.212,621.44
LTM Dividend per Share9,777.769,777.769,777.76
(+) Excess Retained per Share945.871,951.212,621.44
(=) Adjusted Dividend10,723.6311,728.9712,399.19
WACC / Discount Rate6.81%6.81%6.81%
Growth Rate4.12%5.12%6.12%
Fair Value$416,018.34$732,191.04$1,923,823.42
Upside / Downside158.24%354.49%1,094.18%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)62,736.7165,951.0969,330.1772,882.3876,616.6080,542.1482,958.40
Payout Ratio72.94%76.35%79.77%83.18%86.59%90.00%92.50%
Projected Dividends (M)45,762.4650,356.9255,302.0560,621.7266,341.3472,487.9276,736.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.81%6.81%6.81%
Growth Rate4.12%5.12%6.12%
Year 1 PV (M)46,698.8347,147.3247,595.81
Year 2 PV (M)47,559.2448,477.1449,403.81
Year 3 PV (M)48,346.9249,753.3051,186.71
Year 4 PV (M)49,064.9850,977.1852,944.74
Year 5 PV (M)49,716.4252,150.0954,678.15
PV of Terminal Value (M)1,382,248.741,449,911.351,520,198.12
Equity Value (M)1,623,635.111,698,416.381,776,007.34
Shares Outstanding (M)4.684.684.68
Fair Value$346,911.31$362,889.32$379,467.67
Upside / Downside115.34%125.26%135.55%

High-Yield Dividend Screener

« Prev Page 42 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0O1S.LAlten S.A.3.81%$4.4339.82%
3607.TKuraudia Holdings Co.,Ltd.3.81%$11.9934.63%
7179.KLLagenda Properties Berhad3.81%$0.0530.12%
8188.HKGME Group Holdings Limited3.81%$0.0423.08%
FC9.DEFCR Immobilien AG3.81%$0.4615.59%
PSGO.JKPT Palma Serasih Tbk3.81%$8.0038.48%
TASA3.SATaurus Armas S.A.3.81%$0.1920.71%
000726.SZLu Thai Textile Co., Ltd.3.80%$0.2741.15%
012750.KSS-1 Corporation3.80%$2,699.9250.51%
603198.SSAnhui Yingjia Distillery Co., Ltd.3.80%$1.5057.46%
8273.TIzumi Co., Ltd.3.80%$113.8567.94%
LMKDC.ISLimak Dogu Anadolu Cimento Sny Ve Tcr AS3.80%$1.0927.90%
THULE.STThule Group AB (publ)3.80%$8.8190.05%
ZUGER.SWZuger Kantonalbank3.80%$335.4837.77%
000430.KSDaewon Kang Up Co., Ltd.3.79%$151.1888.95%
0558.HKL.K. Technology Holdings Limited3.79%$0.1321.83%
1888.HKKingboard Laminates Holdings Limited3.79%$0.5157.98%
603055.SSZhe Jiang Taihua New Material Co., Ltd.3.79%$0.3660.25%
CPU.AXComputershare Limited3.79%$1.2951.79%
INDS.JKPT Indospring Tbk3.79%$8.5681.55%
002120.SZYUNDA Holding Co., Ltd.3.78%$0.2559.62%
6305.THitachi Construction Machinery Co., Ltd.3.78%$175.1342.61%
GROREIT.BKGrande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition3.78%$0.2834.44%
QNBK.QAQatar National Bank (Q.P.S.C.)3.78%$0.7138.00%
SISB.BKSISB Public Company Limited3.78%$0.4242.68%
078520.KSAble C&C Co., Ltd.3.77%$412.0869.50%
192400.KSCuckoo Holdings Co., Ltd.3.77%$1,087.9926.79%
6435.TWOSinopower Semiconductor, Inc.3.77%$4.2656.41%
6523.TPHC Holdings Corporation3.77%$41.8790.94%
6724.TSeiko Epson Corporation3.77%$74.7647.38%
ASCArdmore Shipping Corporation3.77%$0.3945.12%
BAHN-B.STBahnhof AB (publ)3.77%$2.0097.05%
CNDF.PACaisse Régionale de Crédit Agricole Mutuel Nord de France Société coopérative3.77%$1.0314.19%
0QLT.LGraubündner Kantonalbank3.76%$69.0139.45%
603587.SSDazzle Fashion Co., Ltd3.76%$0.5090.21%
A1OS.DEAll for One Group SE3.76%$1.6250.06%
CWY.AXCleanaway Waste Management Limited3.76%$0.1069.98%
GYT.BKGoodyear (Thailand) Public Company Limited3.76%$7.4022.93%
KARE.ATKarelia Tobacco Company Inc.3.76%$13.3038.58%
THEP.PAThermador Groupe S.A.3.76%$2.9736.00%
000708.SZCitic Pacific Special Steel Group Co., Ltd.3.75%$0.6156.33%
002615.SZZheJiang Haers Vacuum Containers Co.,Ltd.3.75%$0.2979.55%
004980.KSSungshin Cement Co., Ltd3.75%$351.1039.08%
2072.TWOCentury Wind Power Co., Ltd.3.75%$10.1549.95%
3455.TWOUtechzone Co., Ltd.3.75%$4.4995.02%
600519.SSKweichow Moutai Co., Ltd.3.75%$51.6271.84%
KUAS.JKPT Ace Oldfields Tbk3.75%$3.0033.35%
002142.SZBank of Ningbo Co., Ltd.3.74%$1.0524.03%
083420.KSGreen Chemical Co., Ltd.3.74%$240.1458.66%
0QPY.LSonova Holding AG3.74%$8.8746.46%