Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Tokaido REIT, Inc. (2989.T)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$122,954.59 - $189,825.90$154,010.62
Multi-Stage$287,210.92 - $315,540.91$301,099.98
Blended Fair Value$227,555.30
Current Price$103,300.00
Upside120.29%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022
DPS0.00%0.00%6,226.194,329.921,657.550.000.000.000.000.000.000.00
YoY Growth--43.79%161.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--5.00%3.60%1.56%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,464.69
(-) Cash Dividends Paid (M)3,102.35
(=) Cash Retained (M)362.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)692.94433.09259.85
Cash Retained (M)362.35362.35362.35
(-) Cash Required (M)-692.94-433.09-259.85
(=) Excess Retained (M)-330.59-70.74102.50
(/) Shares Outstanding (M)0.260.260.26
(=) Excess Retained per Share-1,269.30-271.60393.54
LTM Dividend per Share11,911.4811,911.4811,911.48
(+) Excess Retained per Share-1,269.30-271.60393.54
(=) Adjusted Dividend10,642.1811,639.8812,305.02
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate-2.00%-1.00%0.00%
Fair Value$122,954.59$154,010.62$189,825.90
Upside / Downside19.03%49.09%83.76%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,464.693,430.053,395.753,361.793,328.173,294.893,393.74
Payout Ratio89.54%89.63%89.73%89.82%89.91%90.00%92.50%
Projected Dividends (M)3,102.353,074.473,046.833,019.452,992.302,965.403,139.21

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)2,858.142,887.302,916.47
Year 2 PV (M)2,633.152,687.162,741.72
Year 3 PV (M)2,425.872,500.902,577.45
Year 4 PV (M)2,234.912,327.542,423.01
Year 5 PV (M)2,058.982,166.192,277.83
PV of Terminal Value (M)62,593.0365,852.4069,246.15
Equity Value (M)74,804.0878,421.4982,182.63
Shares Outstanding (M)0.260.260.26
Fair Value$287,210.92$301,099.98$315,540.91
Upside / Downside178.04%191.48%205.46%

High-Yield Dividend Screener

« Prev Page 49 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
064960.KSSNT Motiv Co., Ltd.3.32%$1,136.7332.23%
0RNT.LBrødrene A & O Johansen A/S3.32%$3.0743.48%
603676.SSTibet Weixinkang Medicine Co., Ltd.3.32%$0.3567.92%
6791.TWOTaiwan Auto-Design Co.3.32%$3.4985.79%
9432.TNTT, Inc.3.32%$5.2441.63%
AJBU.SIKeppel DC REIT3.32%$0.0751.19%
MFF.AXMFF Capital Investments Limited3.32%$0.166.10%
VZN.SWVZ Holding AG3.32%$4.9645.59%
6438.TWSymtek Automation Asia Co., Ltd.3.31%$4.6960.82%
8272.TWOChanging Information Technology Inc.3.31%$2.5960.59%
ALDEL.PADelfingen Industry S.A.3.31%$1.1538.10%
GJF.OLGjensidige Forsikring ASA3.31%$10.0077.33%
001560.KSCheil Grinding Wheel Ind. Co., Ltd.3.30%$321.6715.39%
002895.SZGuizhou Chanhen Chemical Corporation3.30%$1.2157.70%
0GWB.ILL E Lundbergföretagen AB (publ)3.30%$16.7254.63%
2441.TWGreatek Electronics Inc.3.30%$2.9871.42%
MAVI.ISMavi Giyim Sanayi ve Ticaret A.S.3.30%$1.4153.21%
MTSA3.SAMETISA Metalúrgica Timboense S.A.3.30%$2.5153.64%
3475.TGood Com Asset Co., Ltd.3.29%$41.3153.09%
ARCOArcos Dorados Holdings Inc.3.29%$0.2420.61%
GLINT.LSGlintt - Global Intelligent Technologies, S.A.3.29%$0.0463.67%
LABB.MXGenomma Lab Internacional, S.A.B. de C.V.3.29%$0.5928.90%
009770.KSSam Jung Pulp Co.,Ltd.3.28%$1,000.1513.81%
3050.SRSouthern Province Cement Company3.28%$0.7453.26%
603075.SSHangzhou Heatwell Electric Heating Technology Co., Ltd.3.28%$0.7290.17%
6741.TNippon Signal Co., Ltd.3.28%$42.9832.43%
000088.SZShenzhen Yan Tian Port Holdings Co.,Ltd.3.27%$0.1553.36%
002648.SZSatellite Chemical Co.,Ltd.3.27%$0.5831.65%
005750.KSDaelim B&Co Co.,Ltd.3.27%$152.6038.32%
011760.KSHyundai Corporation3.27%$700.0011.11%
2248.TWOShining Victory Motor Electronic Co., Ltd.3.27%$1.6118.34%
4021.TNissan Chemical Corporation3.27%$175.2852.54%
603439.SSGuiZhou SanLi Pharmaceutical Co.,Ltd3.27%$0.3895.76%
7942.TJSP Corporation3.27%$79.9839.18%
BRIT3.SABrisanet Participações S.A.3.27%$0.0982.21%
IAF-PI.TOiA Financial Corporation Inc.3.27%$0.8225.22%
ORS.MIOrsero S.p.A.3.27%$0.6133.02%
PEHN.SWPrivate Equity Holding AG3.27%$2.0817.62%
4471.TSanyo Chemical Industries Ltd.3.26%$169.9727.59%
5315.TWOUnited Radiant Technology Corporation3.26%$0.8049.66%
603558.SSZhejiang Jasan Holding Group Co., Ltd.3.26%$0.3734.35%
7744.TNoritsu Koki Co., Ltd.3.26%$60.5454.32%
MYTIL.ATMetlen Energy & Metals S.A.3.26%$1.7219.73%
TCW.TOTrican Well Service Ltd.3.26%$0.2035.68%
001040.KSCJ Corporation3.25%$5,626.0348.88%
002507.SZChongqing Fuling Zhacai Group Co., Ltd.3.25%$0.4260.46%
016740.KSDUAL Co., Ltd.3.25%$123.0716.96%
131090.KQSecuve Co., Ltd.3.25%$125.0032.25%
300729.SZLoctek Ergonomic Technology Corp.3.25%$0.4463.17%
300881.SZShengtak New Material Co., Ltd3.25%$1.1065.22%