Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sato Holdings Corporation (6287.T)

Company Dividend Discount ModelIndustry: Communication EquipmentSector: Technology

Valuation Snapshot

Stable Growth$3,697.83 - $7,301.16$5,114.27
Multi-Stage$3,549.98 - $3,882.50$3,713.18
Blended Fair Value$4,413.72
Current Price$2,268.00
Upside94.61%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.09%5.77%74.0471.9773.1872.7471.7373.7070.6264.3460.0653.59
YoY Growth--2.87%-1.64%0.59%1.42%-2.67%4.36%9.77%7.13%12.07%26.82%
Dividend Yield--3.59%3.39%3.76%3.90%2.63%3.16%2.55%1.94%2.13%2.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)7,176.00
(-) Cash Dividends Paid (M)2,441.00
(=) Cash Retained (M)4,735.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,435.20897.00538.20
Cash Retained (M)4,735.004,735.004,735.00
(-) Cash Required (M)-1,435.20-897.00-538.20
(=) Excess Retained (M)3,299.803,838.004,196.80
(/) Shares Outstanding (M)32.4732.4732.47
(=) Excess Retained per Share101.63118.20129.25
LTM Dividend per Share75.1875.1875.18
(+) Excess Retained per Share101.63118.20129.25
(=) Adjusted Dividend176.80193.38204.43
WACC / Discount Rate8.73%8.73%8.73%
Growth Rate3.77%4.77%5.77%
Fair Value$3,697.83$5,114.27$7,301.16
Upside / Downside63.04%125.50%221.92%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7,176.007,518.227,876.758,252.398,645.949,058.269,330.00
Payout Ratio34.02%45.21%56.41%67.61%78.80%90.00%92.50%
Projected Dividends (M)2,441.003,399.214,443.255,579.156,813.288,152.438,630.25

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.73%8.73%8.73%
Growth Rate3.77%4.77%5.77%
Year 1 PV (M)3,096.433,126.273,156.11
Year 2 PV (M)3,686.963,758.373,830.45
Year 3 PV (M)4,217.154,340.254,465.72
Year 4 PV (M)4,691.284,874.755,063.55
Year 5 PV (M)5,113.365,364.545,625.49
PV of Terminal Value (M)94,462.2299,102.36103,923.08
Equity Value (M)115,267.41120,566.53126,064.40
Shares Outstanding (M)32.4732.4732.47
Fair Value$3,549.98$3,713.18$3,882.50
Upside / Downside56.52%63.72%71.19%

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