Definitive Analysis
| Stable Growth | $212,190.02 - $844,097.38 | $574,699.42 |
| Multi-Stage | $104,164.56 - $113,872.31 | $108,929.88 |
| Blended Fair Value | $341,814.65 | |
| Current Price | $26,775.00 | |
| Upside | 1,176.62% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 11.99% | 15.07% | 2,235.27 | 6,883.97 | 1,752.66 | 829.66 | 1,002.11 | 1,269.08 | 1,002.11 | 693.06 | 598.60 | 817.30 |
| YoY Growth | - | - | -67.53% | 292.77% | 111.25% | -17.21% | -21.04% | 26.64% | 44.59% | 15.78% | -26.76% | 48.78% |
| Dividend Yield | - | - | 9.49% | 28.65% | 6.02% | 3.25% | 4.53% | 7.51% | 3.68% | 2.17% | 2.26% | 5.34% |
| Net Income To Common (M) | 15,414,710.00 |
| (-) Cash Dividends Paid (M) | 7,808,837.00 |
| (=) Cash Retained (M) | 7,605,873.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 3,082,942.00 | 1,926,838.75 | 1,156,103.25 |
| Cash Retained (M) | 7,605,873.00 | 7,605,873.00 | 7,605,873.00 |
| (-) Cash Required (M) | -3,082,942.00 | -1,926,838.75 | -1,156,103.25 |
| (=) Excess Retained (M) | 4,522,931.00 | 5,679,034.25 | 6,449,769.75 |
| (/) Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| (=) Excess Retained per Share | 1,245.37 | 1,563.69 | 1,775.91 |
| LTM Dividend per Share | 2,150.12 | 2,150.12 | 2,150.12 |
| (+) Excess Retained per Share | 1,245.37 | 1,563.69 | 1,775.91 |
| (=) Adjusted Dividend | 3,395.49 | 3,713.82 | 3,926.03 |
| WACC / Discount Rate | 7.19% | 7.19% | 7.19% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $212,190.02 | $574,699.42 | $844,097.38 |
| Upside / Downside | 692.49% | 2,046.40% | 3,052.56% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 15,414,710.00 | 16,416,666.15 | 17,483,749.45 | 18,620,193.16 | 19,830,505.72 | 21,119,488.59 | 21,753,073.25 |
| Payout Ratio | 50.66% | 58.53% | 66.40% | 74.26% | 82.13% | 90.00% | 92.50% |
| Projected Dividends (M) | 7,808,837.00 | 9,608,129.03 | 11,608,336.69 | 13,827,977.00 | 16,287,125.33 | 19,007,539.73 | 20,121,592.76 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.19% | 7.19% | 7.19% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 8,879,624.63 | 8,963,791.68 | 9,047,958.74 |
| Year 2 PV (M) | 9,914,745.17 | 10,103,593.22 | 10,294,222.85 |
| Year 3 PV (M) | 10,915,056.53 | 11,228,388.58 | 11,547,660.39 |
| Year 4 PV (M) | 11,881,398.42 | 12,338,323.47 | 12,808,302.55 |
| Year 5 PV (M) | 12,814,592.73 | 13,433,542.36 | 14,076,180.64 |
| PV of Terminal Value (M) | 323,900,371.65 | 339,544,880.71 | 355,788,141.96 |
| Equity Value (M) | 378,305,789.12 | 395,612,520.01 | 413,562,467.13 |
| Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| Fair Value | $104,164.56 | $108,929.88 | $113,872.31 |
| Upside / Downside | 289.04% | 306.83% | 325.29% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| ATOM3.SA | Atom Empreendimentos e Participações S.A. | 19.90% | $0.58 | 71.92% |
| 3698.HK | Huishang Bank Corporation Limited | 19.56% | $0.64 | 28.80% |
| SVAV.ME | Sollers Public Joint Stock Company | 19.34% | $110.64 | 40.44% |
| 0536.HK | Tradelink Electronic Commerce Limited | 19.33% | $0.20 | 86.09% |
| 3658.HK | New Hope Service Holdings Limited | 19.28% | $0.37 | 66.51% |
| 0123.HK | Yuexiu Property Company Limited | 19.19% | $0.77 | 90.88% |
| 0N7I.L | Cairo Communication S.p.A. | 19.19% | $0.36 | 54.94% |
| 1798.HK | China Datang Corporation Renewable Power Co., Limited | 19.01% | $0.40 | 63.00% |
| LBS.TO | Life & Banc Split Corp. | 19.00% | $2.25 | 40.31% |
| HMSB.DE | H & M Hennes & Mauritz AB (publ) | 18.98% | $3.26 | 47.98% |
| 0608.HK | High Fashion International Limited | 18.79% | $0.31 | 50.08% |
| 0U8N.L | Credicorp Ltd. | 18.72% | $53.82 | 66.14% |
| CAAS | China Automotive Systems, Inc. | 18.61% | $0.80 | 72.30% |
| KRSB.ME | PJSC Krasnoyarskenergosbyt | 18.38% | $4.07 | 82.55% |
| 1127.HK | Lion Rock Group Limited | 18.37% | $0.25 | 47.23% |
| HAVAS.AS | Havas S.A. | 18.35% | $3.14 | 90.23% |
| 1480.HK | Yan Tat Group Holdings Limited | 18.33% | $0.22 | 49.33% |
| NA-PC.TO | National Bank of Canada | 18.32% | $4.93 | 48.59% |
| 1412.HK | Q P Group Holdings Limited | 18.24% | $0.29 | 73.74% |
| FVJ.F | Fortescue Metals Group Limited | 18.16% | $2.27 | 76.64% |
| YATO.MC | Atom Hoteles SOCIMI, S.A. | 18.06% | $2.85 | 68.99% |
| 0327.HK | PAX Global Technology Limited | 17.98% | $0.92 | 61.66% |
| 1MO.F | Hello Group Inc. | 17.92% | $1.04 | 40.52% |
| PIN.BK | Pinthong Industrial Park Public Company Limited | 17.92% | $0.76 | 80.79% |
| 1883.HK | CITIC Telecom International Holdings Limited | 17.86% | $0.44 | 87.51% |
| 6896.HK | Golden Throat Holdings Group Company Limited | 17.79% | $0.55 | 76.14% |
| VOT.WA | Votum S.A. | 17.65% | $8.15 | 59.83% |
| ALTUR.PA | Altur Investissement SCA, SCR | 17.58% | $1.93 | 37.11% |
| O7F1.F | Odfjell SE | 17.55% | $1.78 | 73.02% |
| 2219.HK | Chaoju Eye Care Holdings Limited | 17.38% | $0.47 | 84.16% |
| 001390.KS | KG Chemical Corporation | 17.24% | $884.51 | 97.69% |
| 2360.HK | Best Mart 360 Holdings Limited | 17.23% | $0.35 | 82.20% |
| ALSAS.PA | Stradim Espace Finances S.A. | 17.16% | $0.80 | 55.65% |
| 9615.SR | Mufeed Company | 17.11% | $5.39 | 35.54% |
| LPPF.JK | PT Matahari Department Store Tbk | 17.09% | $300.00 | 82.85% |
| 0LNT.L | Fugro N.V. | 17.06% | $1.52 | 39.50% |
| 0458.HK | Tristate Holdings Limited | 17.02% | $0.31 | 33.15% |
| 2283.HK | TK Group (Holdings) Limited | 16.99% | $0.43 | 72.10% |
| 1263.HK | PC Partner Group Limited | 16.85% | $0.90 | 63.10% |
| 2603.TW | Evergreen Marine Corporation (Taiwan) Ltd. | 16.83% | $32.49 | 77.53% |
| ALHRG.PA | Herige | 16.78% | $3.66 | 97.55% |
| TD-PFJ.TO | The Toronto-Dominion Bank NCUM 5Y PFD SR18 | 16.67% | $4.38 | 36.07% |
| S7MB.BE | Securitas AB (publ) | 16.59% | $2.25 | 23.09% |
| 1184.HK | S.A.S. Dragon Holdings Limited | 16.56% | $0.75 | 52.32% |
| PBR-A | Petróleo Brasileiro S.A. - Petrobras | 16.54% | $1.87 | 86.52% |
| VRLA.PA | Verallia S.A. | 16.47% | $3.83 | 97.79% |
| 6668.HK | E-Star Commercial Management Company Limited | 16.42% | $0.23 | 72.71% |
| 0098.HK | Xingfa Aluminium Holdings Limited | 16.13% | $1.17 | 29.94% |
| ING.AX | Inghams Group Limited | 16.09% | $0.41 | 79.67% |
| 1234.HK | China Lilang Limited | 16.04% | $0.54 | 66.61% |