Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ryobi Limited (5851.T)

Company Dividend Discount ModelIndustry: Manufacturing - Tools & AccessoriesSector: Industrials

Valuation Snapshot

Stable Growth$5,328.57 - $16,969.00$8,589.65
Multi-Stage$4,776.62 - $5,230.76$4,999.47
Blended Fair Value$6,794.56
Current Price$2,145.00
Upside216.76%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201820172016
DPS4.53%8.13%87.3459.9730.0610.1335.0769.9869.8249.9949.9939.98
YoY Growth--45.65%99.49%196.65%-71.10%-49.89%0.22%39.68%0.00%25.04%0.00%
Dividend Yield--3.90%2.08%1.95%0.95%2.11%5.27%2.71%1.37%2.19%1.89%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)6,590.00
(-) Cash Dividends Paid (M)2,747.00
(=) Cash Retained (M)3,843.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,318.00823.75494.25
Cash Retained (M)3,843.003,843.003,843.00
(-) Cash Required (M)-1,318.00-823.75-494.25
(=) Excess Retained (M)2,525.003,019.253,348.75
(/) Shares Outstanding (M)32.3732.3732.37
(=) Excess Retained per Share78.0193.28103.46
LTM Dividend per Share84.8784.8784.87
(+) Excess Retained per Share78.0193.28103.46
(=) Adjusted Dividend162.88178.15188.32
WACC / Discount Rate7.05%7.05%7.05%
Growth Rate3.87%4.87%5.87%
Fair Value$5,328.57$8,589.65$16,969.00
Upside / Downside148.42%300.45%691.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)6,590.006,911.007,247.657,600.687,970.928,359.198,609.97
Payout Ratio41.68%51.35%61.01%70.67%80.34%90.00%92.50%
Projected Dividends (M)2,747.003,548.634,421.835,371.696,403.597,523.277,964.22

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.05%7.05%7.05%
Growth Rate3.87%4.87%5.87%
Year 1 PV (M)3,283.443,315.053,346.66
Year 2 PV (M)3,785.643,858.883,932.82
Year 3 PV (M)4,255.164,379.244,505.71
Year 4 PV (M)4,693.494,876.865,065.56
Year 5 PV (M)5,102.095,352.465,612.56
PV of Terminal Value (M)133,491.04140,041.77146,847.17
Equity Value (M)154,610.85161,824.25169,310.49
Shares Outstanding (M)32.3732.3732.37
Fair Value$4,776.62$4,999.47$5,230.76
Upside / Downside122.69%133.08%143.86%

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