Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Okamura Corporation (7994.T)

Company Dividend Discount ModelIndustry: Business Equipment & SuppliesSector: Industrials

Valuation Snapshot

Stable Growth$38,313.87 - $45,140.23$42,303.01
Multi-Stage$25,861.09 - $28,377.54$27,095.84
Blended Fair Value$34,699.42
Current Price$2,348.00
Upside1,377.83%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS20.30%15.13%88.0876.0143.4342.1832.6334.9632.5927.9730.2721.54
YoY Growth--15.89%74.99%2.98%29.27%-6.68%7.26%16.55%-7.61%40.51%0.05%
Dividend Yield--3.97%3.40%2.28%3.48%2.17%4.67%2.97%1.72%2.84%2.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)21,483.00
(-) Cash Dividends Paid (M)8,902.00
(=) Cash Retained (M)12,581.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,296.602,685.381,611.23
Cash Retained (M)12,581.0012,581.0012,581.00
(-) Cash Required (M)-4,296.60-2,685.38-1,611.23
(=) Excess Retained (M)8,284.409,895.6310,969.78
(/) Shares Outstanding (M)94.6594.6594.65
(=) Excess Retained per Share87.53104.55115.90
LTM Dividend per Share94.0594.0594.05
(+) Excess Retained per Share87.53104.55115.90
(=) Adjusted Dividend181.58198.61209.95
WACC / Discount Rate2.50%2.50%2.50%
Growth Rate5.50%6.50%7.50%
Fair Value$38,313.87$42,303.01$45,140.23
Upside / Downside1,531.77%1,701.66%1,822.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)21,483.0022,879.4024,366.5625,950.3827,637.1629,433.5730,316.58
Payout Ratio41.44%51.15%60.86%70.57%80.29%90.00%92.50%
Projected Dividends (M)8,902.0011,702.8014,830.0818,314.4722,189.1826,490.2128,042.84

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate2.50%2.50%2.50%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)11,310.1011,417.3011,524.51
Year 2 PV (M)13,851.5014,115.3414,381.66
Year 3 PV (M)16,531.9617,006.5417,490.11
Year 4 PV (M)19,357.4420,101.8720,867.57
Year 5 PV (M)22,334.1223,412.8724,532.90
PV of Terminal Value (M)2,364,314.882,478,512.172,597,080.06
Equity Value (M)2,447,700.002,564,566.082,685,876.80
Shares Outstanding (M)94.6594.6594.65
Fair Value$25,861.09$27,095.84$28,377.54
Upside / Downside1,001.41%1,054.00%1,108.58%

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