Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Daiwa Office Investment Corporation (8976.T)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$300,634.21 - $486,019.10$384,047.43
Multi-Stage$547,935.16 - $601,424.47$574,166.29
Blended Fair Value$479,106.86
Current Price$301,500.00
Upside58.91%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.64%8.17%13,781.1113,781.7314,291.6414,333.6713,827.3012,701.9411,505.4411,235.5110,279.848,068.92
YoY Growth--0.00%-3.57%-0.29%3.66%8.86%10.40%2.40%9.30%27.40%28.39%
Dividend Yield--4.59%4.07%4.22%8.03%9.23%6.18%6.56%8.08%7.10%5.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)26,519.68
(-) Cash Dividends Paid (M)16,379.22
(=) Cash Retained (M)10,140.46
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,303.943,314.961,988.98
Cash Retained (M)10,140.4610,140.4610,140.46
(-) Cash Required (M)-5,303.94-3,314.96-1,988.98
(=) Excess Retained (M)4,836.526,825.508,151.48
(/) Shares Outstanding (M)0.950.950.95
(=) Excess Retained per Share5,086.717,178.588,573.16
LTM Dividend per Share17,226.5117,226.5117,226.51
(+) Excess Retained per Share5,086.717,178.588,573.16
(=) Adjusted Dividend22,313.2324,405.0925,799.67
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate-0.36%0.64%1.64%
Fair Value$300,634.21$384,047.43$486,019.10
Upside / Downside-0.29%27.38%61.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26,519.6826,690.5426,862.4927,035.5527,209.7227,385.0228,206.57
Payout Ratio61.76%67.41%73.06%78.71%84.35%90.00%92.50%
Projected Dividends (M)16,379.2217,992.0919,625.0621,278.3322,952.0824,646.5226,091.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate-0.36%0.64%1.64%
Year 1 PV (M)16,641.7616,808.7716,975.79
Year 2 PV (M)16,789.8317,128.5217,470.59
Year 3 PV (M)16,837.9917,350.0417,872.37
Year 4 PV (M)16,799.3517,483.9518,189.25
Year 5 PV (M)16,685.6717,539.9118,428.78
PV of Terminal Value (M)437,230.23459,614.59482,906.50
Equity Value (M)520,984.84545,925.77571,843.26
Shares Outstanding (M)0.950.950.95
Fair Value$547,935.16$574,166.29$601,424.47
Upside / Downside81.74%90.44%99.48%

High-Yield Dividend Screener

« Prev Page 50 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
688009.SSChina Railway Signal & Communication Corporation Limited3.25%$0.1855.08%
ALMB.COAlm. Brand A/S3.25%$0.6069.79%
BUDI.JKPT Budi Starch & Sweetener Tbk3.25%$7.0135.52%
0398.HKOriental Watch Holdings Limited3.24%$0.1219.25%
044820.KSCosmax BTI, Inc.3.24%$449.6235.33%
8017.HKTradeGo FinTech Limited3.24%$0.0545.22%
ALPM.PAPrecia S.A.3.24%$0.8632.45%
DGV.MIDigital Value S.p.A.3.24%$0.9315.10%
ULTJ.JKPT Ultrajaya Milk Industry & Trading Company Tbk3.24%$46.5039.75%
004890.KSDongil Industries Co.,Ltd.3.23%$1,262.8723.13%
5297.TWO3s Silicon Tech., Inc.3.23%$0.9261.02%
600219.SSShandong Nanshan Aluminium Co.,Ltd.3.23%$0.1739.17%
601018.SSNingbo Zhoushan Port Company Limited3.23%$0.1248.88%
6448.TBrother Industries, Ltd.3.23%$100.9546.67%
AZE.BRAzelis Group N.V.3.23%$0.3024.74%
FDPFresh Del Monte Produce Inc.3.23%$1.1468.58%
FMM-B.STFM Mattsson Mora Group AB (publ)3.23%$2.2587.42%
ITECH.STI-Tech AB3.23%$1.7450.69%
MTY.TOMTY Food Group Inc.3.23%$1.2473.76%
SKA-B.STSkanska AB (publ)3.23%$8.3155.80%
1179.HKH World Group Limited3.22%$1.2098.76%
2745.TWOLife Travel & Tourist Service Co., Ltd.3.22%$3.4841.20%
3533.TWLotes Co., Ltd3.22%$41.6856.60%
5908.KLDKSH Holdings (Malaysia) Berhad3.22%$0.1920.93%
600886.SSSDIC Power Holdings Co., Ltd.3.22%$0.4251.34%
603566.SSPulike Biological Engineering, Inc.3.22%$0.4095.20%
9583.SRUnited Mining Industries Co.3.22%$1.4581.04%
CBG-R.BKCarabao Group Public Company Limited3.22%$1.4047.30%
ESF.VIEurofins Scientific SE3.22%$2.0162.22%
ETE.ATNational Bank of Greece S.A.3.22%$0.4436.82%
MOTV3.SAMotiva S.A.3.22%$0.4833.62%
NCKL.JKPT Trimegah Bangun Persada Tbk3.22%$37.5729.64%
TEA.AXTasmea Ltd3.22%$0.1338.34%
002283.SZTianrun Industry Technology Co., Ltd.3.21%$0.2065.38%
004840.KSDRB Holding Co., Ltd.3.21%$160.4026.30%
241560.KSDoosan Bobcat Inc.3.21%$1,824.8939.43%
300406.SZBeijing Strong Biotechnologies, Inc.3.21%$0.4256.93%
4088.TAir Water Inc.3.21%$72.4432.93%
603187.SSQingdao Hiron Commercial Cold Chain Co., Ltd.3.21%$0.5050.00%
6250.TYamabiko Corporation3.21%$95.3127.60%
SKF-A.STAB SKF (publ)3.21%$7.9374.23%
002441.SZZhongyeda Electric Co., Ltd.3.20%$0.3077.91%
002991.SZGanyuan Foods Co., Ltd.3.20%$1.8265.31%
300833.SZGuangzhou Haoyang Electronic Co.,Ltd.3.20%$1.3092.60%
688799.SSHunan Warrant Pharmaceutical Co.,Ltd3.20%$1.5367.14%
029530.KSsindoh Co.,Ltd.3.19%$1,500.1429.67%
0RL4.LCatella AB (publ)3.19%$0.9147.34%
5889.TJapan Eyewear Holdings Co., Ltd.3.19%$64.7439.09%
DAPS.BODAPS Advertising Ltd.3.19%$0.6514.79%
PTPS.JKPT Pulau Subur Tbk3.19%$6.0038.20%