Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

ABIST Co.,Ltd. (6087.T)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$2,102.88 - $3,597.86$2,750.07
Multi-Stage$2,012.83 - $2,204.53$2,106.90
Blended Fair Value$2,428.49
Current Price$3,160.00
Upside-23.15%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.01%11.02%102.00101.85102.00101.88101.96101.9594.0078.1065.0245.92
YoY Growth--0.15%-0.14%0.12%-0.09%0.02%8.46%20.35%20.12%41.60%28.00%
Dividend Yield--3.23%3.25%3.34%3.50%3.57%3.65%3.58%2.56%1.21%1.28%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)649.57
(-) Cash Dividends Paid (M)0.22
(=) Cash Retained (M)649.36
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)129.9181.2048.72
Cash Retained (M)649.36649.36649.36
(-) Cash Required (M)-129.91-81.20-48.72
(=) Excess Retained (M)519.44568.16600.64
(/) Shares Outstanding (M)3.983.983.98
(=) Excess Retained per Share130.54142.78150.94
LTM Dividend per Share0.050.050.05
(+) Excess Retained per Share130.54142.78150.94
(=) Adjusted Dividend130.59142.83150.99
WACC / Discount Rate9.94%9.94%9.94%
Growth Rate3.51%4.51%5.51%
Fair Value$2,102.88$2,750.07$3,597.86
Upside / Downside-33.45%-12.97%13.86%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)649.57678.87709.50741.50774.95809.91834.21
Payout Ratio0.03%18.03%36.02%54.01%72.01%90.00%92.50%
Projected Dividends (M)0.22122.38255.56400.51558.02728.92771.64

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.94%9.94%9.94%
Growth Rate3.51%4.51%5.51%
Year 1 PV (M)110.25111.31112.38
Year 2 PV (M)207.41211.44215.51
Year 3 PV (M)292.84301.41310.15
Year 4 PV (M)367.57381.98396.81
Year 5 PV (M)432.56453.86475.99
PV of Terminal Value (M)6,599.066,924.047,261.70
Equity Value (M)8,009.698,384.058,772.54
Shares Outstanding (M)3.983.983.98
Fair Value$2,012.83$2,106.90$2,204.53
Upside / Downside-36.30%-33.33%-30.24%

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