Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jp-Holdings,Inc. (2749.T)

Company Dividend Discount ModelIndustry: Specialty Business ServicesSector: Industrials

Valuation Snapshot

Stable Growth$1,458.17 - $7,812.22$2,639.53
Multi-Stage$856.24 - $937.06$895.91
Blended Fair Value$1,767.72
Current Price$559.00
Upside216.23%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS16.06%8.56%7.945.944.563.963.963.773.572.555.113.91
YoY Growth--33.63%30.21%15.34%-0.18%5.09%5.56%39.93%-49.98%30.69%11.87%
Dividend Yield--1.42%1.10%1.33%1.57%1.47%1.37%1.19%0.72%1.70%1.40%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,784.43
(-) Cash Dividends Paid (M)338.69
(=) Cash Retained (M)3,445.74
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)756.89473.05283.83
Cash Retained (M)3,445.743,445.743,445.74
(-) Cash Required (M)-756.89-473.05-283.83
(=) Excess Retained (M)2,688.862,972.693,161.91
(/) Shares Outstanding (M)85.4485.4485.44
(=) Excess Retained per Share31.4734.7937.01
LTM Dividend per Share3.963.963.96
(+) Excess Retained per Share31.4734.7937.01
(=) Adjusted Dividend35.4438.7640.97
WACC / Discount Rate8.06%8.06%8.06%
Growth Rate5.50%6.50%7.50%
Fair Value$1,458.17$2,639.53$7,812.22
Upside / Downside160.85%372.19%1,297.54%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,784.434,030.424,292.404,571.404,868.545,185.005,340.55
Payout Ratio8.95%25.16%41.37%57.58%73.79%90.00%92.50%
Projected Dividends (M)338.691,014.041,775.752,632.203,592.494,666.504,940.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.06%8.06%8.06%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)929.56938.37947.18
Year 2 PV (M)1,492.201,520.621,549.31
Year 3 PV (M)2,027.622,085.832,145.14
Year 4 PV (M)2,536.802,634.362,734.70
Year 5 PV (M)3,020.683,166.583,318.06
PV of Terminal Value (M)63,148.6366,198.7369,365.57
Equity Value (M)73,155.4976,544.4980,059.97
Shares Outstanding (M)85.4485.4485.44
Fair Value$856.24$895.91$937.06
Upside / Downside53.17%60.27%67.63%

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