Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nagano Keiki Co., Ltd. (7715.T)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$47,151.56 - $55,552.53$52,060.86
Multi-Stage$36,060.03 - $39,585.29$37,789.70
Blended Fair Value$44,925.28
Current Price$2,060.00
Upside2,080.84%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS16.00%15.86%46.9638.2834.2122.1222.3822.3527.4420.2520.2717.87
YoY Growth--22.69%11.88%54.68%-1.19%0.13%-18.52%35.50%-0.12%13.45%65.78%
Dividend Yield--2.36%1.11%1.45%1.99%2.05%2.29%3.58%1.66%2.64%3.14%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,335.54
(-) Cash Dividends Paid (M)217.31
(=) Cash Retained (M)5,118.23
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,067.11666.94400.17
Cash Retained (M)5,118.235,118.235,118.23
(-) Cash Required (M)-1,067.11-666.94-400.17
(=) Excess Retained (M)4,051.124,451.294,718.07
(/) Shares Outstanding (M)19.1019.1019.10
(=) Excess Retained per Share212.09233.04247.01
LTM Dividend per Share11.3811.3811.38
(+) Excess Retained per Share212.09233.04247.01
(=) Adjusted Dividend223.47244.42258.38
WACC / Discount Rate-0.19%-0.19%-0.19%
Growth Rate5.50%6.50%7.50%
Fair Value$47,151.56$52,060.86$55,552.53
Upside / Downside2,188.91%2,427.23%2,596.72%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,335.545,682.356,051.706,445.066,863.997,310.157,529.46
Payout Ratio4.07%21.26%38.44%55.63%72.81%90.00%92.50%
Projected Dividends (M)217.311,207.972,326.503,585.334,997.996,579.146,964.75

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-0.19%-0.19%-0.19%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,198.861,210.221,221.58
Year 2 PV (M)2,291.532,335.182,379.24
Year 3 PV (M)3,504.813,605.423,707.94
Year 4 PV (M)4,848.895,035.365,227.17
Year 5 PV (M)6,334.736,640.706,958.38
PV of Terminal Value (M)670,601.43702,991.73736,621.68
Equity Value (M)688,780.25721,818.62756,115.99
Shares Outstanding (M)19.1019.1019.10
Fair Value$36,060.03$37,789.70$39,585.29
Upside / Downside1,650.49%1,734.45%1,821.62%

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