Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nippon Building Fund Incorporation (8951.T)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$217,364.65 - $582,374.38$333,405.90
Multi-Stage$194,589.70 - $212,830.68$203,542.21
Blended Fair Value$268,474.05
Current Price$132,900.00
Upside102.01%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.27%6.15%4,915.854,599.654,996.604,406.943,651.503,460.693,157.092,987.042,727.872,568.04
YoY Growth--6.87%-7.94%13.38%20.69%5.51%9.62%5.69%9.50%6.22%-5.11%
Dividend Yield--4.02%3.76%4.25%3.29%3.05%2.18%2.28%2.71%2.11%2.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)79,312.40
(-) Cash Dividends Paid (M)41,809.00
(=) Cash Retained (M)37,503.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)15,862.489,914.055,948.43
Cash Retained (M)37,503.4037,503.4037,503.40
(-) Cash Required (M)-15,862.48-9,914.05-5,948.43
(=) Excess Retained (M)21,640.9227,589.3531,554.97
(/) Shares Outstanding (M)8.508.508.50
(=) Excess Retained per Share2,544.503,243.903,710.17
LTM Dividend per Share4,915.824,915.824,915.82
(+) Excess Retained per Share2,544.503,243.903,710.17
(=) Adjusted Dividend7,460.328,159.728,625.99
WACC / Discount Rate7.60%7.60%7.60%
Growth Rate4.03%5.03%6.03%
Fair Value$217,364.65$333,405.90$582,374.38
Upside / Downside63.56%150.87%338.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)79,312.4083,302.1487,492.5891,893.8296,516.46101,371.63104,412.78
Payout Ratio52.71%60.17%67.63%75.09%82.54%90.00%92.50%
Projected Dividends (M)41,809.0050,124.1259,170.0168,999.1579,667.4591,234.4796,581.82

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.60%7.60%7.60%
Growth Rate4.03%5.03%6.03%
Year 1 PV (M)46,139.8446,583.3647,026.88
Year 2 PV (M)50,137.2251,105.7552,083.54
Year 3 PV (M)53,818.5155,385.4856,982.57
Year 4 PV (M)57,200.2859,431.5661,727.50
Year 5 PV (M)60,298.3663,252.7366,321.78
PV of Terminal Value (M)1,387,389.051,455,365.301,525,980.26
Equity Value (M)1,654,983.251,731,124.171,810,122.52
Shares Outstanding (M)8.508.508.50
Fair Value$194,589.70$203,542.21$212,830.68
Upside / Downside46.42%53.15%60.14%

High-Yield Dividend Screener

« Prev Page 65 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603060.SSChina Testing & Certification International Group Co.,Ltd.2.34%$0.1465.87%
603527.SSAnhui Zhongyuan New Materials Co., Ltd.2.34%$0.2660.72%
6239.TNagaoka International Corporation2.34%$33.9030.69%
7277.KLDialog Group Berhad2.34%$0.0478.99%
7708.TWOFamily International Gourmet Co. Ltd.2.34%$2.2440.19%
7947.TFP Corporation2.34%$61.4735.92%
7966.TLINTEC Corporation2.34%$103.3453.86%
ENGI11.SAEnergisa S.A.2.34%$1.1076.21%
IHG.LInterContinental Hotels Group PLC2.34%$3.2837.32%
JR.BKJ.R.W. Utility Public Company Limited2.34%$0.0436.34%
SMRA.JKPT Summarecon Agung Tbk2.34%$8.9915.00%
002056.SZHengdian Group DMEGC Magnetics Co. ,Ltd2.33%$0.4530.92%
002538.SZAnhui Sierte Fertilizer industry Ltd. ,company2.33%$0.1557.55%
0QMR.LBELIMO Holding AG2.33%$17.9969.21%
1322.SRAl Masane Al Kobra Mining Company2.33%$2.0873.41%
300743.SZHangzhou Todaytec Digital Co., Ltd2.33%$0.5271.84%
601566.SSJoeone Co., Ltd.2.33%$0.3150.03%
605319.SSWuxi Zhenhua Auto Parts Co., Ltd.2.33%$0.4937.82%
GIMB.BRGimv N.V.2.33%$1.029.10%
MOSHI.BKMoshi Moshi Retail Corporation Public Company Limited2.33%$0.8143.67%
002939.SZChina Great Wall Securities Co.,Ltd.2.32%$0.2439.54%
004360.KSSebang Co., Ltd2.32%$325.9511.33%
1283.HKAccel Group Holdings Limited2.32%$0.0437.03%
2301.TGakujo Co., Ltd.2.32%$40.6128.97%
4887.TSawai Group Holdings Co., Ltd.2.32%$54.7464.15%
600079.SSHumanwell Healthcare (Group) Co.,Ltd.2.32%$0.4248.02%
600299.SSBluestar Adisseo Company2.32%$0.2146.81%
605158.SSZhejiang Huada New Materials Co., Ltd.2.32%$0.1957.15%
7287.TNippon Seiki Co., Ltd.2.32%$50.6031.92%
7914.TKyodo Printing Co., Ltd.2.32%$36.6727.27%
AZZA3.SAAzzas 2154 S.A.2.32%$0.5915.77%
HUFV-A.STHufvudstaden AB (publ)2.32%$2.8251.40%
002043.SZDeHua TB New Decoration Material Co.,Ltd2.31%$0.3337.20%
1214.SRAl Hassan Ghazi Ibrahim Shaker Company2.31%$0.5034.65%
300832.SZShenzhen New Industries Biomedical Engineering Co., Ltd.2.31%$1.3061.96%
600233.SSYTO Express Group Co.,Ltd.2.31%$0.3832.72%
6277.THosokawa Micron Corporation2.31%$130.2442.63%
6728.TULVAC, Inc.2.31%$163.6955.14%
9251.TAB&Company Co.,Ltd.2.31%$27.8639.35%
9783.TBenesse Holdings, Inc.2.31%$59.9889.83%
ALLEC.PACogelec S.A.2.31%$0.6746.99%
ELIT.JKPT Data Sinergitama Jaya Tbk2.31%$5.0034.02%
LUXF.BKLuxury Real Estate Investment Fund2.31%$0.2114.86%
STEC-R.BKSino-Thai Engineering and Construction Public Company Limited2.31%$0.1595.24%
000513.SZLivzon Pharmaceutical Group Inc.2.30%$0.7932.65%
000959.SZBeijing Shougang Co., Ltd.2.30%$0.1171.65%
002941.SZXinjiang Communications Construction Group Co., Ltd.2.30%$0.3643.85%
2838.TWUnion Bank of Taiwan2.30%$0.4536.18%
2947.TWOZhen Yu Hardware Co., Ltd.2.30%$1.9056.70%
2HRA.DEH&R GmbH & Co. KGaA2.30%$0.1045.84%