Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

POYA International Co., Ltd. (5904.TWO)

Company Dividend Discount ModelIndustry: Department StoresSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$1,791.53 - $5,425.25$5,084.26
Multi-Stage$756.79 - $826.97$791.24
Blended Fair Value$2,937.75
Current Price$497.03
Upside491.06%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.15%17.16%20.5023.0310.4617.2315.7514.5111.989.747.916.57
YoY Growth---11.01%120.12%-39.26%9.36%8.57%21.15%23.02%23.12%20.39%56.17%
Dividend Yield--4.33%4.77%1.89%4.61%2.83%3.63%3.52%2.83%2.40%2.10%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,892.43
(-) Cash Dividends Paid (M)2,173.35
(=) Cash Retained (M)719.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)578.49361.55216.93
Cash Retained (M)719.08719.08719.08
(-) Cash Required (M)-578.49-361.55-216.93
(=) Excess Retained (M)140.59357.52502.14
(/) Shares Outstanding (M)106.03106.03106.03
(=) Excess Retained per Share1.333.374.74
LTM Dividend per Share20.5020.5020.50
(+) Excess Retained per Share1.333.374.74
(=) Adjusted Dividend21.8223.8725.23
WACC / Discount Rate6.79%6.79%6.79%
Growth Rate5.50%6.50%7.50%
Fair Value$1,791.53$5,084.26$5,425.25
Upside / Downside260.45%922.93%991.53%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,892.433,080.443,280.663,493.913,721.013,962.884,081.76
Payout Ratio75.14%78.11%81.08%84.06%87.03%90.00%92.50%
Projected Dividends (M)2,173.352,406.172,660.082,936.833,238.323,566.593,775.63

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.79%6.79%6.79%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,232.132,253.292,274.44
Year 2 PV (M)2,289.172,332.782,376.79
Year 3 PV (M)2,344.522,411.832,480.41
Year 4 PV (M)2,398.212,490.442,585.30
Year 5 PV (M)2,450.262,568.612,691.49
PV of Terminal Value (M)68,527.5371,837.4475,274.02
Equity Value (M)80,241.8383,894.3787,682.45
Shares Outstanding (M)106.03106.03106.03
Fair Value$756.79$791.24$826.97
Upside / Downside52.26%59.19%66.38%

High-Yield Dividend Screener

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