Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Trend Micro Incorporated (4704.T)

Company Dividend Discount ModelIndustry: Software - InfrastructureSector: Technology

Valuation Snapshot

Stable Growth$5,001.47 - $10,704.16$7,123.16
Multi-Stage$3,880.13 - $4,224.98$4,049.48
Blended Fair Value$5,586.32
Current Price$8,100.00
Upside-31.03%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS34.36%19.83%727.80153.12200.61156.97163.86166.23149.57141.20109.55112.16
YoY Growth--375.31%-23.67%27.80%-4.21%-1.42%11.14%5.93%28.89%-2.32%-5.90%
Dividend Yield--7.27%1.99%3.10%2.19%2.96%3.11%2.77%2.22%2.21%2.72%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)34,883.00
(-) Cash Dividends Paid (M)23,490.00
(=) Cash Retained (M)11,393.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6,976.604,360.382,616.23
Cash Retained (M)11,393.0011,393.0011,393.00
(-) Cash Required (M)-6,976.60-4,360.38-2,616.23
(=) Excess Retained (M)4,416.407,032.638,776.78
(/) Shares Outstanding (M)132.30132.30132.30
(=) Excess Retained per Share33.3853.1666.34
LTM Dividend per Share177.55177.55177.55
(+) Excess Retained per Share33.3853.1666.34
(=) Adjusted Dividend210.93230.71243.89
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate5.50%6.50%7.50%
Fair Value$5,001.47$7,123.16$10,704.16
Upside / Downside-38.25%-12.06%32.15%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)34,883.0037,150.4039,565.1742,136.9144,875.8147,792.7349,226.52
Payout Ratio67.34%71.87%76.40%80.94%85.47%90.00%92.50%
Projected Dividends (M)23,490.0026,700.5530,229.2334,103.8238,354.4043,013.4645,534.53

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)24,056.3924,284.4124,512.44
Year 2 PV (M)24,538.4725,005.8625,477.66
Year 3 PV (M)24,942.1525,658.1426,387.72
Year 4 PV (M)25,272.9626,244.8927,244.58
Year 5 PV (M)25,536.1626,769.5728,050.18
PV of Terminal Value (M)388,999.22407,788.03427,295.93
Equity Value (M)513,345.36535,750.91558,968.51
Shares Outstanding (M)132.30132.30132.30
Fair Value$3,880.13$4,049.48$4,224.98
Upside / Downside-52.10%-50.01%-47.84%

High-Yield Dividend Screener

« Prev Page 45 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
558.SIUMS Holdings Limited3.60%$0.0588.87%
601019.SSShandong Publishing&Media Co.,Ltd3.60%$0.3141.99%
603233.SSDaShenLin Pharmaceutical Group Co., Ltd.3.60%$0.6463.21%
603658.SSAutobio Diagnostics Co., Ltd.3.60%$1.2766.33%
603661.SSHenglin Home Furnishings Co.,Ltd3.60%$1.1557.55%
6371.TTsubakimoto Chain Co.3.60%$83.2737.31%
FSMART.BKForth Smart Service Public Company Limited3.60%$0.2331.86%
KABE-B.STKABE Group AB (publ.)3.60%$8.0076.60%
SKLT.JKPT Sekar Laut Tbk3.60%$9.0042.24%
TFMAMA.BKThai President Foods Public Company Limited3.60%$6.9357.58%
002469.SZShandong Sunway Chemical Group Co., Ltd.3.59%$0.3072.05%
216050.KQIncross Co., Ltd.3.59%$241.9426.78%
2845.TWFar Eastern International Bank Ltd.3.59%$0.4654.51%
6461.TNippon Piston Ring Co., Ltd.3.59%$68.2725.12%
7751.TCanon Inc.3.59%$166.4591.69%
E4C.DEEcotel Communication Ag3.59%$0.4282.27%
LHA.DEDeutsche Lufthansa AG3.59%$0.3122.46%
NTBThe Bank of N.T. Butterfield & Son Limited3.59%$1.7833.40%
SVOA.BKSVOA Public Company Limited3.59%$0.0521.40%
TRAC-B.STAB Traction3.59%$9.0082.36%
0IX0.LGL Events S.A.3.58%$1.0420.20%
0QNG.LJungfraubahn Holding AG3.58%$10.2542.20%
3231.TNomura Real Estate Holdings, Inc.3.58%$34.6440.45%
4106.TWWellell Inc.3.58%$0.8058.20%
EIK.ICEik fasteignafélag hf.3.58%$0.5024.04%
053690.KSHanmiGlobal Co., Ltd.3.57%$642.0628.05%
286940.KSLotte Innovate Co Ltd3.57%$699.8899.32%
601158.SSChongqing Water Group Co.,Ltd.3.57%$0.1691.61%
ILC.SNInversiones La Construcción S.A.3.57%$650.4128.71%
058850.KSKtcs Corporation3.56%$100.0915.29%
1294.TWOHantech Bio-Technology Co., Ltd.3.56%$2.8166.03%
3283.TNippon Prologis REIT, Inc.3.56%$3,304.8853.00%
688121.SSShanghai Supezet Engineering Technology Corp., Ltd.3.56%$0.3973.41%
EMIRATESNBD.AEEmirates NBD Bank PJSC3.56%$1.0228.25%
FLEXO.ATFlexopack Société Anonyme Commercial and Industrial Plastics Company3.56%$0.3017.58%
006040.KSDongwon Industries Co., Ltd.3.55%$1,474.3049.91%
2715.TElematec Corporation3.55%$84.9964.74%
3700.HKInkeverse Group Limited3.55%$0.0411.74%
600958.SSOrient Securities Company Limited3.55%$0.3963.25%
7955.TCleanup Corporation3.55%$31.0045.30%
ISAT.JKPT Indosat Ooredoo Hutchison Tbk3.55%$83.7958.49%
PBSA.JKPT Paramita Bangun Sarana Tbk3.55%$55.0071.03%
004800.KSHyosung Corporation3.54%$3,986.8920.54%
6414.TWEnnoconn Corporation3.54%$10.1352.07%
WIHL.STWihlborgs Fastigheter AB (publ)3.54%$3.2044.13%
002081.SZSuzhou Gold Mantis Construction Decoration Co., Ltd.3.53%$0.1270.03%
0RHV.LInvestis Holding S.A.3.53%$5.1018.83%
2760.TTokyo Electron Device Limited3.53%$119.8646.59%
5515.TWChien Kuo Construction Co., Ltd.3.53%$1.2751.00%
600603.SSGuanghui Logistics Co.Ltd3.53%$0.2263.76%