Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

LINTEC Corporation (7966.T)

Company Dividend Discount ModelIndustry: Paper, Lumber & Forest ProductsSector: Basic Materials

Valuation Snapshot

Stable Growth$17,055.02 - $36,736.47$34,421.61
Multi-Stage$12,086.93 - $13,273.84$12,669.16
Blended Fair Value$23,545.39
Current Price$3,640.00
Upside546.85%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS2.68%7.55%96.0289.8996.0084.2884.1384.1377.6271.1464.6557.12
YoY Growth--6.83%-6.36%13.90%0.18%0.00%8.39%9.11%10.03%13.18%23.24%
Dividend Yield--3.25%2.61%4.23%3.67%3.49%3.29%3.33%2.21%2.41%2.86%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)12,589.00
(-) Cash Dividends Paid (M)6,781.00
(=) Cash Retained (M)5,808.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,517.801,573.63944.18
Cash Retained (M)5,808.005,808.005,808.00
(-) Cash Required (M)-2,517.80-1,573.63-944.18
(=) Excess Retained (M)3,290.204,234.384,863.83
(/) Shares Outstanding (M)66.9466.9466.94
(=) Excess Retained per Share49.1563.2672.66
LTM Dividend per Share101.30101.30101.30
(+) Excess Retained per Share49.1563.2672.66
(=) Adjusted Dividend150.45164.55173.96
WACC / Discount Rate4.50%4.50%4.50%
Growth Rate3.59%4.59%5.59%
Fair Value$17,055.02$34,421.61$36,736.47
Upside / Downside368.54%845.65%909.24%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)12,589.0013,166.9513,771.4214,403.6515,064.9115,756.5216,229.22
Payout Ratio53.86%61.09%68.32%75.55%82.77%90.00%92.50%
Projected Dividends (M)6,781.008,043.909,408.4610,881.3512,469.6614,180.8715,012.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.50%4.50%4.50%
Growth Rate3.59%4.59%5.59%
Year 1 PV (M)7,623.577,697.167,770.76
Year 2 PV (M)8,450.898,614.838,780.35
Year 3 PV (M)9,263.159,534.019,810.10
Year 4 PV (M)10,060.5610,454.7010,860.30
Year 5 PV (M)10,843.3211,376.9011,931.27
PV of Terminal Value (M)762,869.36800,408.41839,410.91
Equity Value (M)809,110.85848,086.01888,563.68
Shares Outstanding (M)66.9466.9466.94
Fair Value$12,086.93$12,669.16$13,273.84
Upside / Downside232.06%248.05%264.67%

High-Yield Dividend Screener

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