Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

XAC Automation Corporation (5490.TWO)

Company Dividend Discount ModelIndustry: Business Equipment & SuppliesSector: Industrials

Valuation Snapshot

Stable Growth$13.94 - $21.67$17.51
Multi-Stage$31.96 - $35.23$33.56
Blended Fair Value$25.54
Current Price$32.05
Upside-20.32%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS0.00%0.00%0.000.001.232.031.510.000.000.000.000.00
YoY Growth--0.00%-100.00%-39.11%33.94%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%4.80%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)138.28
(-) Cash Dividends Paid (M)32.60
(=) Cash Retained (M)105.68
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)27.6617.2910.37
Cash Retained (M)105.68105.68105.68
(-) Cash Required (M)-27.66-17.29-10.37
(=) Excess Retained (M)78.0288.3995.31
(/) Shares Outstanding (M)93.7393.7393.73
(=) Excess Retained per Share0.830.941.02
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share0.830.941.02
(=) Adjusted Dividend1.181.291.36
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate-2.00%-1.00%0.00%
Fair Value$13.94$17.51$21.67
Upside / Downside-56.50%-45.35%-32.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)138.28136.90135.53134.18132.83131.51135.45
Payout Ratio23.58%36.86%50.15%63.43%76.72%90.00%92.50%
Projected Dividends (M)32.6050.4667.9685.11101.90118.36125.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)46.9947.4747.95
Year 2 PV (M)58.9460.1561.37
Year 3 PV (M)68.7470.8673.03
Year 4 PV (M)76.6479.8283.09
Year 5 PV (M)82.9087.2191.71
PV of Terminal Value (M)2,661.802,800.412,944.73
Equity Value (M)2,996.023,145.933,301.89
Shares Outstanding (M)93.7393.7393.73
Fair Value$31.96$33.56$35.23
Upside / Downside-0.27%4.72%9.91%

High-Yield Dividend Screener

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