Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

SEED Co.,Ltd. (7743.T)

Company Dividend Discount ModelIndustry: Medical - Instruments & SuppliesSector: Healthcare

Valuation Snapshot

Stable Growth$5,093.12 - $9,038.40$8,470.30
Multi-Stage$1,433.64 - $1,569.76$1,500.45
Blended Fair Value$4,985.37
Current Price$534.00
Upside833.59%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS8.60%7.83%14.999.929.939.929.929.927.587.606.236.34
YoY Growth--51.08%-0.03%0.07%-0.04%-0.01%30.84%-0.17%21.94%-1.64%-10.16%
Dividend Yield--3.23%1.78%1.70%1.93%1.23%1.35%0.66%0.33%0.74%1.60%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,375.51
(-) Cash Dividends Paid (M)453.74
(=) Cash Retained (M)921.77
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)275.10171.94103.16
Cash Retained (M)921.77921.77921.77
(-) Cash Required (M)-275.10-171.94-103.16
(=) Excess Retained (M)646.67749.83818.61
(/) Shares Outstanding (M)30.2730.2730.27
(=) Excess Retained per Share21.3724.7727.05
LTM Dividend per Share14.9914.9914.99
(+) Excess Retained per Share21.3724.7727.05
(=) Adjusted Dividend36.3639.7742.04
WACC / Discount Rate6.25%6.25%6.25%
Growth Rate5.50%6.50%7.50%
Fair Value$5,093.12$8,470.30$9,038.40
Upside / Downside853.77%1,486.20%1,592.58%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,375.511,464.921,560.141,661.541,769.541,884.571,941.10
Payout Ratio32.99%44.39%55.79%67.19%78.60%90.00%92.50%
Projected Dividends (M)453.74650.27870.431,116.471,390.821,696.111,795.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.25%6.25%6.25%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)606.25612.00617.75
Year 2 PV (M)756.59771.00785.54
Year 3 PV (M)904.76930.73957.19
Year 4 PV (M)1,050.791,091.201,132.76
Year 5 PV (M)1,194.701,252.411,312.32
PV of Terminal Value (M)38,877.1540,754.9342,704.58
Equity Value (M)43,390.2345,412.2647,510.14
Shares Outstanding (M)30.2730.2730.27
Fair Value$1,433.64$1,500.45$1,569.76
Upside / Downside168.47%180.98%193.96%

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