Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Marubun Corporation (7537.T)

Company Dividend Discount ModelIndustry: Technology DistributorsSector: Technology

Valuation Snapshot

Stable Growth$10,781.28 - $23,677.86$22,189.62
Multi-Stage$3,603.73 - $3,942.27$3,769.90
Blended Fair Value$12,979.76
Current Price$1,226.00
Upside958.71%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS11.65%10.05%51.9684.8639.8517.9227.9329.9629.9624.9527.9324.95
YoY Growth---38.77%112.94%122.39%-35.84%-6.76%0.00%20.06%-10.67%11.94%25.10%
Dividend Yield--5.03%6.84%3.04%2.47%4.43%5.14%5.22%3.00%3.55%4.29%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,116.00
(-) Cash Dividends Paid (M)1,725.00
(=) Cash Retained (M)1,391.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)623.20389.50233.70
Cash Retained (M)1,391.001,391.001,391.00
(-) Cash Required (M)-623.20-389.50-233.70
(=) Excess Retained (M)767.801,001.501,157.30
(/) Shares Outstanding (M)26.1726.1726.17
(=) Excess Retained per Share29.3438.2744.22
LTM Dividend per Share65.9165.9165.91
(+) Excess Retained per Share29.3438.2744.22
(=) Adjusted Dividend95.25104.18110.13
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate5.50%6.50%7.50%
Fair Value$10,781.28$22,189.62$23,677.86
Upside / Downside779.39%1,709.92%1,831.31%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,116.003,318.543,534.253,763.974,008.634,269.194,397.27
Payout Ratio55.36%62.29%69.22%76.14%83.07%90.00%92.50%
Projected Dividends (M)1,725.002,067.042,446.252,866.033,330.043,842.274,067.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.43%6.43%6.43%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,923.881,942.121,960.36
Year 2 PV (M)2,119.152,159.522,200.26
Year 3 PV (M)2,310.852,377.192,444.78
Year 4 PV (M)2,499.032,595.142,693.99
Year 5 PV (M)2,683.742,813.362,947.95
PV of Terminal Value (M)82,779.8386,778.1390,929.45
Equity Value (M)94,316.4998,665.45103,176.78
Shares Outstanding (M)26.1726.1726.17
Fair Value$3,603.73$3,769.90$3,942.27
Upside / Downside193.94%207.50%221.56%

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