Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

The Hachijuni Bank, Ltd. (8359.T)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$21,176.51 - $24,949.52$23,381.35
Multi-Stage$5,077.35 - $5,564.78$5,316.55
Blended Fair Value$14,348.95
Current Price$1,546.00
Upside828.13%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS13.33%8.86%27.8920.7320.9514.7614.7514.9214.0015.2716.3617.27
YoY Growth--34.55%-1.04%41.95%0.04%-1.11%6.55%-8.35%-6.66%-5.26%44.70%
Dividend Yield--2.38%1.96%3.35%2.95%4.12%3.65%3.15%3.22%2.29%3.89%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)58,272.00
(-) Cash Dividends Paid (M)12,954.00
(=) Cash Retained (M)45,318.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11,654.407,284.004,370.40
Cash Retained (M)45,318.0045,318.0045,318.00
(-) Cash Required (M)-11,654.40-7,284.00-4,370.40
(=) Excess Retained (M)33,663.6038,034.0040,947.60
(/) Shares Outstanding (M)464.49464.49464.49
(=) Excess Retained per Share72.4781.8888.16
LTM Dividend per Share27.8927.8927.89
(+) Excess Retained per Share72.4781.8888.16
(=) Adjusted Dividend100.36109.77116.04
WACC / Discount Rate5.55%5.55%5.55%
Growth Rate5.50%6.50%7.50%
Fair Value$21,176.51$23,381.35$24,949.52
Upside / Downside1,269.76%1,412.38%1,513.81%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)58,272.0062,059.6866,093.5670,389.6474,964.9779,837.6982,232.82
Payout Ratio22.23%35.78%49.34%62.89%76.45%90.00%92.50%
Projected Dividends (M)12,954.0022,207.5532,609.3344,269.5257,307.7571,853.9276,065.36

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.55%5.55%5.55%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)20,842.9821,040.5421,238.11
Year 2 PV (M)28,725.0129,272.1429,824.43
Year 3 PV (M)36,600.0937,650.7538,721.32
Year 4 PV (M)44,468.2446,178.3647,937.34
Year 5 PV (M)52,329.4554,856.9857,481.24
PV of Terminal Value (M)2,175,423.072,280,496.822,389,591.99
Equity Value (M)2,358,388.832,469,495.592,584,794.43
Shares Outstanding (M)464.49464.49464.49
Fair Value$5,077.35$5,316.55$5,564.78
Upside / Downside228.42%243.89%259.95%

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