Definitive Analysis
| Stable Growth | $209,951.50 - $844,097.38 | $560,051.66 |
| Multi-Stage | $103,700.38 - $113,362.63 | $108,443.38 |
| Blended Fair Value | $334,247.52 | |
| Current Price | $26,775.00 | |
| Upside | 1,148.36% | |
| 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 | 7.21% | 7.21% | 7.21% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $209,951.50 | $560,051.66 | $844,097.38 |
| Upside / Downside | 684.13% | 1,991.70% | 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 | 7.21% | 7.21% | 7.21% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 8,878,133.73 | 8,962,286.66 | 9,046,439.58 |
| Year 2 PV (M) | 9,911,416.07 | 10,100,200.70 | 10,290,766.33 |
| Year 3 PV (M) | 10,909,559.51 | 11,222,733.76 | 11,541,844.79 |
| Year 4 PV (M) | 11,873,420.85 | 12,330,039.10 | 12,799,702.62 |
| Year 5 PV (M) | 12,803,838.45 | 13,422,268.64 | 14,064,367.60 |
| PV of Terminal Value (M) | 322,243,619.99 | 337,808,107.33 | 353,968,284.24 |
| Equity Value (M) | 376,619,988.60 | 393,845,636.20 | 411,711,405.16 |
| Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| Fair Value | $103,700.38 | $108,443.38 | $113,362.63 |
| Upside / Downside | 287.30% | 305.02% | 323.39% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| PCR.WA | PCC Rokita S.A. | 7.82% | $5.05 | 95.33% |
| TQR.BK | TQR Public Company Limited | 7.82% | $0.39 | 90.56% |
| KGI.BK | KGI Securities (Thailand) Public Company Limited | 7.81% | $0.31 | 62.80% |
| PRDA.JK | PT Prodia Widyahusada Tbk | 7.81% | $180.52 | 85.06% |
| AIMIRT.BK | AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust | 7.80% | $0.85 | 81.01% |
| AKRA.JK | PT AKR Corporindo Tbk | 7.80% | $99.88 | 82.20% |
| SPREME.BK | Supreme Distribution Public Company Limited | 7.80% | $0.11 | 90.62% |
| AYV.PA | Ayvens | 7.79% | $0.91 | 71.87% |
| 1378.HK | China Hongqiao Group Limited | 7.78% | $2.65 | 56.89% |
| NRG.PA | NRJ Group S.A. | 7.78% | $0.63 | 63.81% |
| D2O.AX | Duxton Water Limited | 7.77% | $0.12 | 50.68% |
| TVO-R.BK | Thai Vegetable Oil Public Company Limited | 7.77% | $1.74 | 62.11% |
| C38U.SI | CapitaLand Integrated Commercial Trust | 7.76% | $0.18 | 74.73% |
| 002839.SZ | Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd | 7.75% | $0.35 | 44.09% |
| 0710.HK | BOE Varitronix Limited | 7.75% | $0.42 | 39.15% |
| 0951.HK | Chaowei Power Holdings Limited | 7.75% | $0.11 | 20.52% |
| 1681.HK | Consun Pharmaceutical Group Limited | 7.75% | $1.20 | 55.92% |
| AXA.DE | AXA S.A. | 7.75% | $3.17 | 52.74% |
| RND.AX | Rand Mining Limited | 7.75% | $0.20 | 57.47% |
| 601881.SS | China Galaxy Securities Co., Ltd. | 7.74% | $1.22 | 98.30% |
| TA1.DE | Telekom Austria AG | 7.74% | $0.76 | 79.04% |
| 0746.HK | Lee & Man Chemical Company Limited | 7.73% | $0.40 | 35.48% |
| NESN.SW | Nestlé S.A. | 7.73% | $6.09 | 72.83% |
| 2633.HK | Jacobson Pharma Corporation Limited | 7.72% | $0.10 | 36.63% |
| 000498.SZ | Shandong Hi-Speed Road and Bridge Group Co., Ltd. | 7.71% | $0.47 | 48.64% |
| 0016.HK | Sun Hung Kai Properties Limited | 7.71% | $7.45 | 56.97% |
| 0QKE.L | Vontobel Holding AG | 7.70% | $4.46 | 61.99% |
| HAEK.DE | Haemato AG | 7.70% | $1.63 | 85.37% |
| 2688.HK | ENN Energy Holdings Limited | 7.68% | $5.39 | 50.36% |
| ASIMAR.BK | Asian Marine Services Public Company Limited | 7.68% | $0.12 | 60.54% |
| SAMS.PA | Samse S.A. | 7.68% | $10.25 | 56.16% |
| SEC.AX | Spheria Emerging Companies Limited | 7.68% | $0.22 | 15.84% |
| UVAN.BK | Univanich Palm Oil Public Company Limited | 7.68% | $1.00 | 63.09% |
| JCT.BK | Jack Chia Industries (Thailand) Public Company Limited | 7.67% | $6.44 | 83.85% |
| KFL.NZ | Kingfish Limited | 7.67% | $0.10 | 38.05% |
| ALRIB.PA | Riber S.A. | 7.65% | $0.27 | 71.18% |
| DXI.AX | Dexus Industria REIT | 7.65% | $0.21 | 17.56% |
| NISP.JK | PT Bank OCBC NISP Tbk | 7.65% | $106.00 | 49.91% |
| SCG.AX | Scentre Group | 7.65% | $0.32 | 91.06% |
| 002572.SZ | Suofeiya Home Collection Co., Ltd. | 7.62% | $1.04 | 88.29% |
| 035000.KS | HS Ad Inc. | 7.62% | $648.83 | 81.78% |
| JMT-R.BK | JMT Network Services Public Company Limited | 7.62% | $0.67 | 69.23% |
| SQU.DE | Vinci S.A. | 7.62% | $9.24 | 55.99% |
| 0QP2.L | Zurich Insurance Group AG | 7.61% | $32.48 | 79.70% |
| BAMI.MI | Banco BPM S.p.A. | 7.61% | $1.00 | 80.93% |
| 600795.SS | GD Power Development Co.,Ltd | 7.60% | $0.38 | 92.13% |
| BTI.AX | Bailador Technology Investments Limited | 7.60% | $0.09 | 34.83% |
| SMPC.BK | Sahamitr Pressure Container Public Company Limited | 7.60% | $0.67 | 57.18% |
| 0O33.L | Oeneo S.A. | 7.59% | $0.70 | 76.88% |
| BOREO.HE | Boreo Oyj | 7.59% | $1.08 | 82.86% |