Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Luxury Real Estate Investment Fund (LUXF.BK)

Company Dividend Discount ModelIndustry: REIT - IndustrialSector: Real Estate

Valuation Snapshot

Stable Growth$50.47 - $281.05$96.61
Multi-Stage$28.70 - $31.41$30.03
Blended Fair Value$63.32
Current Price$8.55
Upside640.61%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS3.55%9.03%0.750.540.440.090.000.630.620.560.490.39
YoY Growth--38.89%22.73%417.65%0.00%-100.00%1.61%10.71%15.46%25.32%22.47%
Dividend Yield--8.77%6.67%6.42%1.10%0.00%10.08%6.97%6.59%5.99%5.91%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)277.69
(-) Cash Dividends Paid (M)41.27
(=) Cash Retained (M)236.43
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)55.5434.7120.83
Cash Retained (M)236.43236.43236.43
(-) Cash Required (M)-55.54-34.71-20.83
(=) Excess Retained (M)180.89201.71215.60
(/) Shares Outstanding (M)196.50196.50196.50
(=) Excess Retained per Share0.921.031.10
LTM Dividend per Share0.210.210.21
(+) Excess Retained per Share0.921.031.10
(=) Adjusted Dividend1.131.241.31
WACC / Discount Rate7.86%7.86%7.86%
Growth Rate5.50%6.50%7.50%
Fair Value$50.47$96.61$281.05
Upside / Downside490.33%1,029.97%3,187.09%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)277.69295.74314.96335.44357.24380.46391.87
Payout Ratio14.86%29.89%44.92%59.94%74.97%90.00%92.50%
Projected Dividends (M)41.2788.39141.47201.07267.83342.41362.48

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.86%7.86%7.86%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)81.1881.9582.72
Year 2 PV (M)119.32121.59123.89
Year 3 PV (M)155.76160.23164.78
Year 4 PV (M)190.54197.86205.40
Year 5 PV (M)223.72234.52245.74
PV of Terminal Value (M)4,869.975,105.195,349.41
Equity Value (M)5,640.485,901.356,171.94
Shares Outstanding (M)196.50196.50196.50
Fair Value$28.70$30.03$31.41
Upside / Downside235.73%251.25%267.36%

High-Yield Dividend Screener

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