Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Seiko Epson Corporation (6724.T)

Company Dividend Discount ModelIndustry: Computer HardwareSector: Technology

Valuation Snapshot

Stable Growth$2,324.94 - $4,256.00$3,123.76
Multi-Stage$2,377.37 - $2,597.53$2,485.43
Blended Fair Value$2,804.60
Current Price$1,898.00
Upside47.77%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS2.40%6.59%76.0180.6666.4766.9066.9067.5169.2165.9166.4378.11
YoY Growth---5.76%21.34%-0.64%0.01%-0.91%-2.45%5.00%-0.78%-14.95%94.44%
Dividend Yield--3.97%3.21%2.97%3.48%3.42%5.48%4.02%3.42%2.66%4.78%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)50,562.00
(-) Cash Dividends Paid (M)23,954.00
(=) Cash Retained (M)26,608.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)10,112.406,320.253,792.15
Cash Retained (M)26,608.0026,608.0026,608.00
(-) Cash Required (M)-10,112.40-6,320.25-3,792.15
(=) Excess Retained (M)16,495.6020,287.7522,815.85
(/) Shares Outstanding (M)320.63320.63320.63
(=) Excess Retained per Share51.4563.2871.16
LTM Dividend per Share74.7174.7174.71
(+) Excess Retained per Share51.4563.2871.16
(=) Adjusted Dividend126.16137.99145.87
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.48%4.48%5.48%
Fair Value$2,324.94$3,123.76$4,256.00
Upside / Downside22.49%64.58%124.24%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)50,562.0052,829.4755,198.6357,674.0360,260.4462,962.8464,851.72
Payout Ratio47.38%55.90%64.43%72.95%81.48%90.00%92.50%
Projected Dividends (M)23,954.0029,531.8835,561.8842,073.3249,097.2556,666.5559,987.84

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.48%4.48%5.48%
Year 1 PV (M)26,809.5927,068.6627,327.73
Year 2 PV (M)29,307.7729,876.9230,451.55
Year 3 PV (M)31,477.7632,399.1433,338.33
Year 4 PV (M)33,346.7334,654.4936,000.34
Year 5 PV (M)34,939.9236,661.0338,449.31
PV of Terminal Value (M)606,365.36636,234.47667,269.21
Equity Value (M)762,247.13796,894.71832,836.47
Shares Outstanding (M)320.63320.63320.63
Fair Value$2,377.37$2,485.43$2,597.53
Upside / Downside25.26%30.95%36.86%

High-Yield Dividend Screener

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