Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Wacoal Holdings Corp. (3591.T)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$1,701.08 - $2,533.03$2,097.27
Multi-Stage$2,543.39 - $2,785.32$2,662.07
Blended Fair Value$2,379.67
Current Price$5,636.00
Upside-57.78%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS2.17%1.63%105.4799.7981.9148.2348.1994.7392.88142.5989.7381.57
YoY Growth--5.69%21.82%69.86%0.08%-49.13%2.00%-34.86%58.91%10.01%-9.10%
Dividend Yield--2.12%2.20%2.83%2.25%1.92%4.75%3.27%4.41%2.95%4.05%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)10,634.00
(-) Cash Dividends Paid (M)5,293.00
(=) Cash Retained (M)5,341.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,126.801,329.25797.55
Cash Retained (M)5,341.005,341.005,341.00
(-) Cash Required (M)-2,126.80-1,329.25-797.55
(=) Excess Retained (M)3,214.204,011.754,543.45
(/) Shares Outstanding (M)51.8051.8051.80
(=) Excess Retained per Share62.0577.4587.71
LTM Dividend per Share102.18102.18102.18
(+) Excess Retained per Share62.0577.4587.71
(=) Adjusted Dividend164.24179.63189.90
WACC / Discount Rate9.25%9.25%9.25%
Growth Rate-0.37%0.63%1.63%
Fair Value$1,701.08$2,097.27$2,533.03
Upside / Downside-69.82%-62.79%-55.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)10,634.0010,700.8610,768.1410,835.8410,903.9710,972.5311,301.70
Payout Ratio49.77%57.82%65.86%73.91%81.95%90.00%92.50%
Projected Dividends (M)5,293.006,187.187,092.398,008.748,936.339,875.2710,454.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.25%9.25%9.25%
Growth Rate-0.37%0.63%1.63%
Year 1 PV (M)5,607.165,663.445,719.72
Year 2 PV (M)5,824.975,942.496,061.18
Year 3 PV (M)5,960.956,142.256,327.19
Year 4 PV (M)6,027.836,273.516,526.62
Year 5 PV (M)6,036.726,345.836,667.46
PV of Terminal Value (M)102,286.64107,524.12112,973.99
Equity Value (M)131,744.27137,891.64144,276.17
Shares Outstanding (M)51.8051.8051.80
Fair Value$2,543.39$2,662.07$2,785.32
Upside / Downside-54.87%-52.77%-50.58%

High-Yield Dividend Screener

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