Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sumida Corporation (6817.T)

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

Valuation Snapshot

Stable Growth$10,293.94 - $12,128.00$11,365.71
Multi-Stage$7,469.55 - $8,193.22$7,824.65
Blended Fair Value$9,595.18
Current Price$1,086.00
Upside783.53%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS19.36%14.36%53.3149.5120.4721.314.9422.0036.1824.9820.2313.97
YoY Growth--7.66%141.91%-3.95%331.71%-77.56%-39.18%44.82%23.51%44.83%0.22%
Dividend Yield--5.51%4.02%1.23%2.27%0.46%3.32%2.27%1.82%1.22%1.90%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,026.00
(-) Cash Dividends Paid (M)1,750.00
(=) Cash Retained (M)276.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)405.20253.25151.95
Cash Retained (M)276.00276.00276.00
(-) Cash Required (M)-405.20-253.25-151.95
(=) Excess Retained (M)-129.2022.75124.05
(/) Shares Outstanding (M)33.2233.2233.22
(=) Excess Retained per Share-3.890.683.73
LTM Dividend per Share52.6852.6852.68
(+) Excess Retained per Share-3.890.683.73
(=) Adjusted Dividend48.7953.3656.41
WACC / Discount Rate1.18%1.18%1.18%
Growth Rate5.50%6.50%7.50%
Fair Value$10,293.94$11,365.71$12,128.00
Upside / Downside847.88%946.57%1,016.76%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,026.002,157.692,297.942,447.312,606.382,775.802,859.07
Payout Ratio86.38%87.10%87.83%88.55%89.28%90.00%92.50%
Projected Dividends (M)1,750.001,879.382,018.192,167.112,326.862,498.222,644.64

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.18%1.18%1.18%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,840.111,857.551,874.99
Year 2 PV (M)1,934.721,971.572,008.77
Year 3 PV (M)2,034.062,092.452,151.95
Year 4 PV (M)2,138.362,220.602,305.18
Year 5 PV (M)2,247.862,356.432,469.16
PV of Terminal Value (M)237,960.93249,454.53261,388.02
Equity Value (M)248,156.04259,953.14272,198.08
Shares Outstanding (M)33.2233.2233.22
Fair Value$7,469.55$7,824.65$8,193.22
Upside / Downside587.80%620.50%654.44%

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