Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Vt Holdings Co.,Ltd. (7593.T)

Company Dividend Discount ModelIndustry: Auto - DealershipsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$3,589.90 - $8,455.97$7,924.49
Multi-Stage$1,262.23 - $1,380.65$1,320.36
Blended Fair Value$4,622.42
Current Price$472.00
Upside879.33%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS4.27%5.80%23.9023.2121.5720.0119.2319.3918.4317.4915.5516.53
YoY Growth--2.99%7.62%7.76%4.08%-0.85%5.25%5.34%12.49%-5.90%21.43%
Dividend Yield--5.06%4.52%3.94%4.15%4.17%5.51%4.32%3.00%2.81%3.55%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,146.00
(-) Cash Dividends Paid (M)2,904.00
(=) Cash Retained (M)2,242.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,029.20643.25385.95
Cash Retained (M)2,242.002,242.002,242.00
(-) Cash Required (M)-1,029.20-643.25-385.95
(=) Excess Retained (M)1,212.801,598.751,856.05
(/) Shares Outstanding (M)121.03121.03121.03
(=) Excess Retained per Share10.0213.2115.34
LTM Dividend per Share23.9923.9923.99
(+) Excess Retained per Share10.0213.2115.34
(=) Adjusted Dividend34.0237.2039.33
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate5.50%6.50%7.50%
Fair Value$3,589.90$7,924.49$8,455.97
Upside / Downside660.57%1,578.92%1,691.52%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,146.005,480.495,836.726,216.116,620.167,050.477,261.98
Payout Ratio56.43%63.15%69.86%76.57%83.29%90.00%92.50%
Projected Dividends (M)2,904.003,460.704,077.494,759.855,513.696,345.426,717.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)3,218.983,249.493,280.00
Year 2 PV (M)3,527.793,594.983,662.81
Year 3 PV (M)3,830.523,940.484,052.52
Year 4 PV (M)4,127.264,285.984,449.24
Year 5 PV (M)4,418.084,631.484,853.04
PV of Terminal Value (M)133,643.21140,098.23146,800.30
Equity Value (M)152,765.84159,800.64167,097.91
Shares Outstanding (M)121.03121.03121.03
Fair Value$1,262.23$1,320.36$1,380.65
Upside / Downside167.42%179.74%192.51%

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