Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Vieworks Co., Ltd. (100120.KQ)

Company Dividend Discount ModelIndustry: Medical - DevicesSector: Healthcare

Valuation Snapshot

Stable Growth$53,917.32 - $148,491.23$83,388.81
Multi-Stage$36,634.19 - $40,022.82$38,297.78
Blended Fair Value$60,843.29
Current Price$19,780.00
Upside207.60%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.68%12.38%352.21704.42754.74466.00432.04324.03217.82218.71109.48109.62
YoY Growth---50.00%-6.67%61.96%7.86%33.33%48.76%-0.40%99.78%-0.13%0.00%
Dividend Yield--1.52%2.43%2.50%1.13%1.20%1.06%0.62%0.56%0.17%0.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)20,373.28
(-) Cash Dividends Paid (M)5,509.15
(=) Cash Retained (M)14,864.14
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,074.662,546.661,528.00
Cash Retained (M)14,864.1414,864.1414,864.14
(-) Cash Required (M)-4,074.66-2,546.66-1,528.00
(=) Excess Retained (M)10,789.4812,317.4813,336.14
(/) Shares Outstanding (M)9.129.129.12
(=) Excess Retained per Share1,182.511,349.971,461.61
LTM Dividend per Share603.79603.79603.79
(+) Excess Retained per Share1,182.511,349.971,461.61
(=) Adjusted Dividend1,786.301,953.762,065.41
WACC / Discount Rate9.00%9.00%9.00%
Growth Rate5.50%6.50%7.50%
Fair Value$53,917.32$83,388.81$148,491.23
Upside / Downside172.59%321.58%650.71%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)20,373.2821,697.5523,107.8924,609.9026,209.5427,913.1628,750.56
Payout Ratio27.04%39.63%52.22%64.82%77.41%90.00%92.50%
Projected Dividends (M)5,509.158,599.3512,068.0115,951.2520,288.3425,121.8526,594.27

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.00%9.00%9.00%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)7,815.587,889.667,963.74
Year 2 PV (M)9,968.4210,158.2910,349.95
Year 3 PV (M)11,975.1412,318.9112,669.19
Year 4 PV (M)13,842.9214,375.2814,922.85
Year 5 PV (M)15,578.5816,331.0417,112.29
PV of Terminal Value (M)275,078.91288,365.33302,160.24
Equity Value (M)334,259.55349,438.49365,178.25
Shares Outstanding (M)9.129.129.12
Fair Value$36,634.19$38,297.78$40,022.82
Upside / Downside85.21%93.62%102.34%

High-Yield Dividend Screener

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