Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Luxury Real Estate Investment Fund (LUXF.BK)

Company Dividend Discount ModelIndustry: REIT - IndustrialSector: Real Estate

Valuation Snapshot

Stable Growth$26.50 - $56.21$37.63
Multi-Stage$19.27 - $21.06$20.15
Blended Fair Value$28.89
Current Price$8.55
Upside237.86%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS3.55%9.03%0.750.540.440.090.000.630.620.560.490.39
YoY Growth--38.89%22.73%417.65%0.00%-100.00%1.61%10.71%15.46%25.32%22.47%
Dividend Yield--8.77%6.67%6.42%1.10%0.00%10.08%6.97%6.59%5.99%5.91%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)277.69
(-) Cash Dividends Paid (M)41.27
(=) Cash Retained (M)236.43
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)55.5434.7120.83
Cash Retained (M)236.43236.43236.43
(-) Cash Required (M)-55.54-34.71-20.83
(=) Excess Retained (M)180.89201.71215.60
(/) Shares Outstanding (M)196.50196.50196.50
(=) Excess Retained per Share0.921.031.10
LTM Dividend per Share0.210.210.21
(+) Excess Retained per Share0.921.031.10
(=) Adjusted Dividend1.131.241.31
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate5.50%6.50%7.50%
Fair Value$26.50$37.63$56.21
Upside / Downside210.00%340.07%557.42%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)277.69295.74314.96335.44357.24380.46391.87
Payout Ratio14.86%29.89%44.92%59.94%74.97%90.00%92.50%
Projected Dividends (M)41.2788.39141.47201.07267.83342.41362.48

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)79.6080.3681.11
Year 2 PV (M)114.73116.92119.12
Year 3 PV (M)146.85151.07155.37
Year 4 PV (M)176.16182.93189.90
Year 5 PV (M)202.82212.61222.78
PV of Terminal Value (M)3,067.193,215.333,369.15
Equity Value (M)3,787.343,959.224,137.43
Shares Outstanding (M)196.50196.50196.50
Fair Value$19.27$20.15$21.06
Upside / Downside125.43%135.66%146.26%

High-Yield Dividend Screener

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