Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nomura Research Institute, Ltd. (4307.T)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$11,318.20 - $35,332.49$33,111.72
Multi-Stage$4,738.98 - $5,185.63$4,958.21
Blended Fair Value$19,034.96
Current Price$5,673.00
Upside235.54%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS11.42%10.62%58.2148.2044.3339.5735.4833.9037.3436.3831.9328.75
YoY Growth--20.77%8.71%12.03%11.52%4.69%-9.23%2.66%13.92%11.08%35.54%
Dividend Yield--1.01%1.06%1.12%1.10%0.97%1.16%2.09%2.03%2.16%2.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)101,673.00
(-) Cash Dividends Paid (M)36,053.00
(=) Cash Retained (M)65,620.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)20,334.6012,709.137,625.48
Cash Retained (M)65,620.0065,620.0065,620.00
(-) Cash Required (M)-20,334.60-12,709.13-7,625.48
(=) Excess Retained (M)45,285.4052,910.8857,994.53
(/) Shares Outstanding (M)572.28572.28572.28
(=) Excess Retained per Share79.1392.46101.34
LTM Dividend per Share63.0063.0063.00
(+) Excess Retained per Share79.1392.46101.34
(=) Adjusted Dividend142.13155.45164.34
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Fair Value$11,318.20$33,111.72$35,332.49
Upside / Downside99.51%483.67%522.82%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)101,673.00108,281.75115,320.06122,815.86130,798.89139,300.82143,479.85
Payout Ratio35.46%46.37%57.28%68.18%79.09%90.00%92.50%
Projected Dividends (M)36,053.0050,207.8766,050.5583,740.65103,451.40125,370.74132,718.86

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)46,558.8747,000.1947,441.50
Year 2 PV (M)56,798.6157,880.4758,972.53
Year 3 PV (M)66,777.2168,694.1470,647.42
Year 4 PV (M)76,499.5779,441.5282,467.53
Year 5 PV (M)85,970.5090,122.9194,434.24
PV of Terminal Value (M)2,379,436.102,494,363.762,613,689.96
Equity Value (M)2,712,040.862,837,502.992,967,653.18
Shares Outstanding (M)572.28572.28572.28
Fair Value$4,738.98$4,958.21$5,185.63
Upside / Downside-16.46%-12.60%-8.59%

High-Yield Dividend Screener

« Prev Page 8 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ACICAmerican Coastal Insurance Corporation4.24%$0.4828.28%
NCDLNuveen Churchill Direct Lending Corp.4.24%$0.5730.88%
ESEversource Energy4.23%$2.8879.84%
ISBCInvestors Bancorp, Inc.4.21%$0.5844.24%
KMIKinder Morgan, Inc.4.21%$1.1795.05%
PWODPenns Woods Bancorp, Inc.4.17%$1.2545.44%
DDSDillard's, Inc.4.16%$26.5071.17%
RLIRLI Corp.4.16%$2.6067.96%
TFCTruist Financial Corporation4.16%$2.0753.19%
RMBIRichmond Mutual Bancorporation, Inc.4.15%$0.5854.33%
PRPermian Resources Corporation4.14%$0.6052.90%
RILYTB. Riley Financial, Inc. 6.00% Senior Notes Due 20284.13%$0.5856.91%
DGICADonegal Group Inc.4.12%$0.8028.85%
AUBNAuburn National Bancorporation, Inc.4.11%$1.0876.62%
FHBFirst Hawaiian, Inc.4.11%$1.0650.97%
PORPortland General Electric Company4.09%$1.9872.28%
NEWTLNewtek Business Services Corp.4.08%$1.0244.14%
NEWTGNewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 20294.06%$1.0244.14%
NEWTZNewtek Business Services Corp. 5.50% Notes Due 20264.05%$1.0244.14%
LKQLKQ Corporation4.04%$1.2144.76%
NWENorthwestern Energy Group Inc4.04%$2.6274.07%
PXDPioneer Natural Resources Company4.00%$10.8054.25%
HAFCHanmi Financial Corporation3.99%$1.0744.22%
KSSKohl's Corporation3.99%$0.8550.52%
APAAPA Corporation3.98%$1.0124.12%
NWNNorthwest Natural Holding Company3.98%$1.8676.25%
HFWAHeritage Financial Corporation3.97%$0.9456.54%
WSBCWesBanco, Inc.3.97%$1.3265.39%
FULTFulton Financial Corporation3.96%$0.7739.22%
REYNReynolds Consumer Products Inc.3.96%$0.9163.16%
MSMMSC Industrial Direct Co., Inc.3.95%$3.3995.14%
RF-PFRegions Financial Corporation3.95%$1.0141.98%
NEWTINewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 20283.94%$0.9942.24%
BOHBank of Hawaii Corporation3.93%$2.6958.42%
DCOMDime Community Bancshares, Inc.3.93%$1.1786.59%
OGEOGE Energy Corp.3.93%$1.6967.72%
ASIEXMultisector Income Fund - Investor Class3.92%$0.3596.64%
ESSEssex Property Trust, Inc.3.90%$10.0376.31%
WABCWestamerica Bancorporation3.90%$1.8639.32%
NJRNew Jersey Resources Corporation3.88%$1.7853.65%
XHRXenia Hotels & Resorts, Inc.3.88%$0.5693.99%
ARTNAArtesian Resources Corporation3.87%$1.2255.68%
FFBCFirst Financial Bancorp.3.87%$0.9738.17%
PNWPinnacle West Capital Corporation3.87%$3.4169.92%
UEUrban Edge Properties3.87%$0.7482.23%
NECBNortheast Community Bancorp, Inc.3.86%$0.8827.20%
SCSCXTouchstone Large Cap Focused Fund Class C3.86%$2.8037.43%
BBWIBath & Body Works, Inc.3.85%$0.8024.18%
BHBBar Harbor Bankshares3.85%$1.2054.11%
UGIUGI Corporation3.85%$1.4547.35%