Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Fuji Electric Co., Ltd. (6504.T)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$12,902.89 - $32,803.89$19,469.96
Multi-Stage$8,981.51 - $9,809.80$9,388.16
Blended Fair Value$14,429.06
Current Price$9,944.00
Upside45.10%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS13.39%14.13%146.53117.22107.4587.9278.1578.1578.1658.6248.8548.86
YoY Growth--25.00%9.09%22.22%12.50%0.00%-0.01%33.33%19.99%-0.01%25.00%
Dividend Yield--2.20%1.28%1.71%1.56%1.51%2.65%2.02%1.39%1.65%2.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)83,315.00
(-) Cash Dividends Paid (M)23,259.00
(=) Cash Retained (M)60,056.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)16,663.0010,414.386,248.63
Cash Retained (M)60,056.0060,056.0060,056.00
(-) Cash Required (M)-16,663.00-10,414.38-6,248.63
(=) Excess Retained (M)43,393.0049,641.6353,807.38
(/) Shares Outstanding (M)146.21146.21146.21
(=) Excess Retained per Share296.78339.51368.01
LTM Dividend per Share159.08159.08159.08
(+) Excess Retained per Share296.78339.51368.01
(=) Adjusted Dividend455.85498.59527.08
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate5.50%6.50%7.50%
Fair Value$12,902.89$19,469.96$32,803.89
Upside / Downside29.76%95.80%229.89%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)83,315.0088,730.4894,497.96100,640.32107,181.94114,148.77117,573.23
Payout Ratio27.92%40.33%52.75%65.17%77.58%90.00%92.50%
Projected Dividends (M)23,259.0035,788.1549,847.8365,584.0583,155.38102,733.89108,755.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)32,457.2032,764.8533,072.50
Year 2 PV (M)41,000.5641,781.5042,569.82
Year 3 PV (M)48,923.0550,327.4651,758.49
Year 4 PV (M)56,257.1158,420.6060,645.90
Year 5 PV (M)63,033.6766,078.2269,239.29
PV of Terminal Value (M)1,071,547.081,123,303.211,177,040.16
Equity Value (M)1,313,218.681,372,675.851,434,326.16
Shares Outstanding (M)146.21146.21146.21
Fair Value$8,981.51$9,388.16$9,809.80
Upside / Downside-9.68%-5.59%-1.35%

High-Yield Dividend Screener

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