Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

JDC Corporation (1887.T)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$172.22 - $275.46$219.02
Multi-Stage$362.32 - $398.83$380.22
Blended Fair Value$299.62
Current Price$468.00
Upside-35.98%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-13.31%19.79%22.5827.2428.3528.7430.7946.1313.127.498.116.24
YoY Growth---17.10%-3.91%-1.34%-6.67%-33.24%251.66%75.21%-7.68%29.94%68.12%
Dividend Yield--4.83%5.63%4.63%4.75%5.35%7.94%2.56%1.20%1.30%1.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,333.00
(-) Cash Dividends Paid (M)421.00
(=) Cash Retained (M)912.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)266.60166.6399.98
Cash Retained (M)912.00912.00912.00
(-) Cash Required (M)-266.60-166.63-99.98
(=) Excess Retained (M)645.40745.38812.03
(/) Shares Outstanding (M)80.2880.2880.28
(=) Excess Retained per Share8.049.2810.12
LTM Dividend per Share5.245.245.24
(+) Excess Retained per Share8.049.2810.12
(=) Adjusted Dividend13.2814.5315.36
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-1.20%-0.20%0.80%
Fair Value$172.22$219.02$275.46
Upside / Downside-63.20%-53.20%-41.14%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,333.001,330.341,327.681,325.031,322.381,319.741,359.33
Payout Ratio31.58%43.27%54.95%66.63%78.32%90.00%92.50%
Projected Dividends (M)421.00575.59729.56882.911,035.641,187.761,257.38

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-1.20%-0.20%0.80%
Year 1 PV (M)535.44540.86546.28
Year 2 PV (M)631.33644.18657.15
Year 3 PV (M)710.75732.55754.79
Year 4 PV (M)775.55807.43840.28
Year 5 PV (M)827.43870.16914.63
PV of Terminal Value (M)25,605.8426,928.1828,304.60
Equity Value (M)29,086.3430,523.3532,017.73
Shares Outstanding (M)80.2880.2880.28
Fair Value$362.32$380.22$398.83
Upside / Downside-22.58%-18.76%-14.78%

High-Yield Dividend Screener

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