Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Fuji Seal International, Inc. (7864.T)

Company Dividend Discount ModelIndustry: Packaging & ContainersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$5,983.66 - $13,978.22$8,783.95
Multi-Stage$5,647.98 - $6,186.58$5,912.27
Blended Fair Value$7,348.11
Current Price$2,849.00
Upside157.92%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS17.08%12.56%74.4335.6735.6533.7233.0933.8326.5323.3222.7922.26
YoY Growth--108.66%0.05%5.74%1.89%-2.19%27.50%13.78%2.32%2.38%-2.33%
Dividend Yield--2.67%1.47%2.35%2.29%1.42%1.61%0.77%0.59%0.74%1.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)15,646.00
(-) Cash Dividends Paid (M)3,699.00
(=) Cash Retained (M)11,947.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,129.201,955.751,173.45
Cash Retained (M)11,947.0011,947.0011,947.00
(-) Cash Required (M)-3,129.20-1,955.75-1,173.45
(=) Excess Retained (M)8,817.809,991.2510,773.55
(/) Shares Outstanding (M)53.7453.7453.74
(=) Excess Retained per Share164.07185.91200.46
LTM Dividend per Share68.8368.8368.83
(+) Excess Retained per Share164.07185.91200.46
(=) Adjusted Dividend232.90254.73269.29
WACC / Discount Rate7.74%7.74%7.74%
Growth Rate3.70%4.70%5.70%
Fair Value$5,983.66$8,783.95$13,978.22
Upside / Downside110.03%208.32%390.64%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)15,646.0016,381.6917,151.9717,958.4718,802.8919,687.0120,277.62
Payout Ratio23.64%36.91%50.19%63.46%76.73%90.00%92.50%
Projected Dividends (M)3,699.006,047.058,607.7311,395.8514,427.1517,718.3118,756.80

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.74%7.74%7.74%
Growth Rate3.70%4.70%5.70%
Year 1 PV (M)5,559.115,612.715,666.32
Year 2 PV (M)7,274.647,415.627,557.95
Year 3 PV (M)8,853.849,112.459,376.05
Year 4 PV (M)10,304.4910,707.7511,122.72
Year 5 PV (M)11,634.0312,205.8912,800.01
PV of Terminal Value (M)259,916.11272,692.01285,965.42
Equity Value (M)303,542.22317,746.42332,488.47
Shares Outstanding (M)53.7453.7453.74
Fair Value$5,647.98$5,912.27$6,186.58
Upside / Downside98.24%107.52%117.15%

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