Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nishio Rent All Co., Ltd. (9699.T)

Company Dividend Discount ModelIndustry: Rental & Leasing ServicesSector: Industrials

Valuation Snapshot

Stable Growth$12,392.60 - $45,556.88$20,724.82
Multi-Stage$9,302.75 - $10,182.64$9,734.58
Blended Fair Value$15,229.70
Current Price$4,290.00
Upside255.00%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.00111.9599.9284.9476.9169.9370.6552.3954.8448.11
YoY Growth---100.00%12.04%17.63%10.44%9.99%-1.02%34.85%-4.46%14.00%0.00%
Dividend Yield--0.00%2.37%2.44%2.73%2.68%3.24%2.27%1.59%1.50%1.34%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)12,109.00
(-) Cash Dividends Paid (M)3,498.00
(=) Cash Retained (M)8,611.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,421.801,513.63908.18
Cash Retained (M)8,611.008,611.008,611.00
(-) Cash Required (M)-2,421.80-1,513.63-908.18
(=) Excess Retained (M)6,189.207,097.387,702.83
(/) Shares Outstanding (M)27.7727.7727.77
(=) Excess Retained per Share222.86255.56277.36
LTM Dividend per Share125.96125.96125.96
(+) Excess Retained per Share222.86255.56277.36
(=) Adjusted Dividend348.82381.52403.32
WACC / Discount Rate7.52%7.52%7.52%
Growth Rate4.58%5.58%6.58%
Fair Value$12,392.60$20,724.82$45,556.88
Upside / Downside188.87%383.10%961.93%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)12,109.0012,784.2113,497.0614,249.6715,044.2415,883.1216,359.62
Payout Ratio28.89%41.11%53.33%65.56%77.78%90.00%92.50%
Projected Dividends (M)3,498.005,255.607,198.339,341.3811,701.0414,294.8115,132.64

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.52%7.52%7.52%
Growth Rate4.58%5.58%6.58%
Year 1 PV (M)4,841.744,888.044,934.34
Year 2 PV (M)6,109.286,226.686,345.19
Year 3 PV (M)7,303.797,515.337,730.91
Year 4 PV (M)8,428.328,755.369,091.82
Year 5 PV (M)9,485.809,948.1010,428.24
PV of Terminal Value (M)222,182.51233,010.63244,256.87
Equity Value (M)258,351.45270,344.13282,787.37
Shares Outstanding (M)27.7727.7727.77
Fair Value$9,302.75$9,734.58$10,182.64
Upside / Downside116.85%126.91%137.36%

High-Yield Dividend Screener

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