Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nomura Real Estate Master Fund, Inc. (3462.T)

Company Dividend Discount ModelIndustry: REIT - RetailSector: Real Estate

Valuation Snapshot

Stable Growth$416,832.55 - $1,938,683.41$734,477.67
Multi-Stage$347,398.78 - $380,003.59$363,400.56
Blended Fair Value$548,939.12
Current Price$161,100.00
Upside240.74%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS6.12%14.60%6,867.756,337.755,863.285,300.455,514.665,102.164,711.225,187.154,765.502,348.79
YoY Growth--8.36%8.09%10.62%-3.88%8.08%8.30%-9.18%8.85%102.89%33.67%
Dividend Yield--4.26%4.29%3.43%3.11%3.25%3.75%2.54%3.35%3.28%1.38%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)62,736.71
(-) Cash Dividends Paid (M)45,762.46
(=) Cash Retained (M)16,974.25
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12,547.347,842.094,705.25
Cash Retained (M)16,974.2516,974.2516,974.25
(-) Cash Required (M)-12,547.34-7,842.09-4,705.25
(=) Excess Retained (M)4,426.919,132.1612,269.00
(/) Shares Outstanding (M)4.684.684.68
(=) Excess Retained per Share945.871,951.212,621.44
LTM Dividend per Share9,777.769,777.769,777.76
(+) Excess Retained per Share945.871,951.212,621.44
(=) Adjusted Dividend10,723.6311,728.9712,399.19
WACC / Discount Rate6.80%6.80%6.80%
Growth Rate4.12%5.12%6.12%
Fair Value$416,832.55$734,477.67$1,938,683.41
Upside / Downside158.74%355.91%1,103.40%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)62,736.7165,951.0969,330.1772,882.3876,616.6080,542.1482,958.40
Payout Ratio72.94%76.35%79.77%83.18%86.59%90.00%92.50%
Projected Dividends (M)45,762.4650,356.9255,302.0560,621.7266,341.3472,487.9276,736.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.80%6.80%6.80%
Growth Rate4.12%5.12%6.12%
Year 1 PV (M)46,701.1247,149.6347,598.15
Year 2 PV (M)47,563.9148,481.9049,408.66
Year 3 PV (M)48,354.0449,760.6351,194.24
Year 4 PV (M)49,074.6150,987.1952,955.13
Year 5 PV (M)49,728.6252,162.8954,691.57
PV of Terminal Value (M)1,384,494.331,452,266.871,522,667.83
Equity Value (M)1,625,916.631,700,809.121,778,515.59
Shares Outstanding (M)4.684.684.68
Fair Value$347,398.78$363,400.56$380,003.59
Upside / Downside115.64%125.57%135.88%

High-Yield Dividend Screener

« Prev Page 72 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
TCNTricon Residential Inc.1.98%$0.2253.83%
000617.SZCNPC Capital Company Limited1.97%$0.1955.65%
013580.KSKyeryong Construction Industrial Co., Ltd.1.97%$399.956.19%
600033.SSFujian Expressway Development Co.,Ltd1.97%$0.0827.53%
603337.SSJack Technology Co.,Ltd1.97%$0.8544.29%
603338.SSZhejiang Dingli Machinery Co.,Ltd1.97%$1.1232.10%
605090.SSJiangxi Jovo Energy Co., Ltd1.97%$0.8542.14%
DEZ.DEDeutz AG1.97%$0.1799.16%
KEJU.JKPT Mulia Boga Raya Tbk1.97%$13.0042.56%
LOGN.SWLogitech International S.A.1.97%$1.6036.80%
NTSC.BKNutrition SC Public Company Limited1.97%$0.1213.98%
000220.KSYuyu Pharma, Inc.1.96%$89.7431.97%
000862.SZNing Xia Yin Xing Energy Co.,Ltd1.96%$0.1178.53%
001333.SZZhejiang Guanghua Technology Co., Ltd.1.96%$0.4241.57%
002926.SZHUAXI Securities Co., Ltd.1.96%$0.1831.11%
0QMI.LSGS S.A.1.96%$1.6631.21%
0R4W.LMultitude SE1.96%$0.1219.36%
183300.KQKoMiCo Ltd.1.96%$1,854.5632.39%
600031.SSSany Heavy Industry Co., Ltd1.96%$0.4142.56%
600449.SSNingxia Building Materials Group Co.,Ltd1.96%$0.2439.64%
603477.SSLeshan Giantstar Farming&Husbandry Corporation Limited1.96%$0.3445.55%
603650.SSRed Avenue New Materials Group Co., Ltd.1.96%$0.8689.92%
EQB.TOEQB Inc.1.96%$2.0522.50%
EVROF.ATEvrofarma S.A.1.96%$0.0725.28%
HAGA.ICHagar hf1.96%$2.3034.34%
INISS-B.STInission AB (publ)1.96%$0.9855.65%
TWPC.BKThai Wah Public Company Limited1.96%$0.0632.91%
001358.SZShaoxing Xingxin New Materials Co Ltd1.95%$0.5095.37%
003039.SZGuangdong Shunkong Development Co.,Ltd.1.95%$0.3170.47%
267250.KSHD Hyundai Co., Ltd.1.95%$3,599.8749.88%
4553.TTowa Pharmaceutical Co., Ltd.1.95%$71.0416.94%
688236.SSBeijing Chunlizhengda Medical Instruments Co., Ltd.1.95%$0.4566.78%
MIDI.JKPT Midi Utama Indonesia Tbk1.95%$7.3536.66%
002662.SZBeijing WKW Automotive Parts Co.,Ltd.1.94%$0.0849.66%
002697.SZChengdu Hongqi Chain Co.,Ltd.1.94%$0.1230.44%
0345.HKVitasoy International Holdings Limited1.94%$0.1336.86%
079430.KSHyundai Livart Furniture Company Limited1.94%$131.1521.94%
0GEG.LVaisala Oyj1.94%$0.8548.66%
2229.TCalbee, Inc.1.94%$58.0941.83%
3284.THoosiers Holdings Co., Ltd.1.94%$25.5522.98%
4819.TDigital Garage, Inc.1.94%$52.4275.12%
600061.SSSDIC Capital Co.,Ltd1.94%$0.1529.00%
600356.SSMudanjiang Hengfeng Paper Co.,Ltd1.94%$0.1733.08%
600563.SSXiamen Faratronic Co., Ltd.1.94%$2.0439.85%
688468.SSChemclin Diagnostics Co., Ltd.1.94%$0.1499.41%
9610.SRFirst Avenue for Real Estate De1.94%$0.1216.89%
ADMIE.ATAdmie Holding S.A.1.94%$0.0610.56%
MPHASIS.BOMphasis Limited1.94%$54.4258.27%
TREL-B.STTrelleborg AB (publ)1.94%$7.5646.55%
005740.KSCROWNHAITAI Holdings Co.,Ltd.1.93%$130.059.54%