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$4,952.88 - $14,082.56$7,733.35
Multi-Stage$4,496.75 - $4,923.00$4,705.92
Blended Fair Value$6,219.64
Current Price$2,145.00
Upside189.96%
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 Rate7.29%7.29%7.29%
Growth Rate3.87%4.87%5.87%
Fair Value$4,952.88$7,733.35$14,082.56
Upside / Downside130.90%260.53%556.53%

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 Rate7.29%7.29%7.29%
Growth Rate3.87%4.87%5.87%
Year 1 PV (M)3,276.073,307.613,339.15
Year 2 PV (M)3,768.663,841.573,915.18
Year 3 PV (M)4,226.574,349.824,475.44
Year 4 PV (M)4,651.494,833.225,020.22
Year 5 PV (M)5,045.085,292.655,549.85
PV of Terminal Value (M)124,584.01130,697.64137,048.97
Equity Value (M)145,551.87152,322.51159,348.82
Shares Outstanding (M)32.3732.3732.37
Fair Value$4,496.75$4,705.92$4,923.00
Upside / Downside109.64%119.39%129.51%

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