Definitive Analysis
| Stable Growth | $24,023.53 - $96,085.65 | $40,978.59 |
| Multi-Stage | $15,369.61 - $16,781.36 | $16,062.71 |
| Blended Fair Value | $28,520.65 | |
| Current Price | $5,775.00 | |
| Upside | 393.86% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 19.71% | 9.16% | 518.68 | 649.57 | 281.82 | 131.91 | 183.90 | 211.00 | 189.88 | 167.92 | 167.89 | 215.86 |
| YoY Growth | - | - | -20.15% | 130.49% | 113.65% | -28.27% | -12.84% | 11.12% | 13.08% | 0.01% | -22.22% | 0.00% |
| Dividend Yield | - | - | 10.54% | 12.49% | 4.70% | 2.01% | 3.49% | 5.41% | 2.61% | 2.30% | 1.95% | 2.98% |
| Net Income To Common (M) | 32,670,000.00 |
| (-) Cash Dividends Paid (M) | 16,426,000.00 |
| (=) Cash Retained (M) | 16,244,000.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 6,534,000.00 | 4,083,750.00 | 2,450,250.00 |
| Cash Retained (M) | 16,244,000.00 | 16,244,000.00 | 16,244,000.00 |
| (-) Cash Required (M) | -6,534,000.00 | -4,083,750.00 | -2,450,250.00 |
| (=) Excess Retained (M) | 9,710,000.00 | 12,160,250.00 | 13,793,750.00 |
| (/) Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| (=) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| LTM Dividend per Share | 405.74 | 405.74 | 405.74 |
| (+) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| (=) Adjusted Dividend | 645.59 | 706.12 | 746.47 |
| WACC / Discount Rate | 8.34% | 8.34% | 8.34% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $24,023.53 | $40,978.59 | $96,085.65 |
| Upside / Downside | 315.99% | 609.59% | 1,563.82% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 32,670,000.00 | 34,793,550.00 | 37,055,130.75 | 39,463,714.25 | 42,028,855.67 | 44,760,731.29 | 46,103,553.23 |
| Payout Ratio | 50.28% | 58.22% | 66.17% | 74.11% | 82.06% | 90.00% | 92.50% |
| Projected Dividends (M) | 16,426,000.00 | 20,257,791.00 | 24,518,314.98 | 29,247,117.91 | 34,487,075.34 | 40,284,658.16 | 42,645,786.74 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 8.34% | 8.34% | 8.34% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 18,523,607.76 | 18,699,186.98 | 18,874,766.20 |
| Year 2 PV (M) | 20,500,176.49 | 20,890,647.27 | 21,284,801.74 |
| Year 3 PV (M) | 22,360,604.79 | 23,002,497.40 | 23,656,558.22 |
| Year 4 PV (M) | 24,109,617.79 | 25,036,805.66 | 25,990,482.62 |
| Year 5 PV (M) | 25,751,772.83 | 26,995,593.09 | 28,287,017.27 |
| PV of Terminal Value (M) | 510,972,463.16 | 535,652,624.19 | 561,277,353.08 |
| Equity Value (M) | 622,218,242.82 | 650,277,354.58 | 679,370,979.13 |
| Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| Fair Value | $15,369.61 | $16,062.71 | $16,781.36 |
| Upside / Downside | 166.14% | 178.14% | 190.59% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 603098.SS | Center International Group Co.,Ltd. | 0.12% | $0.02 | 9.13% |
| 605186.SS | Shanghai General Healthy Information and Technology Co., Ltd. | 0.12% | $0.02 | 35.76% |
| 688396.SS | China Resources Microelectronics Limited | 0.12% | $0.06 | 10.78% |
| 688425.SS | China Railway Construction Heavy Industry Corporation Limited | 0.12% | $0.01 | 2.19% |
| 688588.SS | Linkage Software Co., Ltd. | 0.12% | $0.02 | 6.76% |
| 688661.SS | Suzhou UIGreen Micro&Nano Technologies Co.,Ltd | 0.12% | $0.06 | 24.89% |
| ANANTRAJ.BO | Anant Raj Limited | 0.12% | $0.73 | 5.08% |
| AQSG.L | Aquila Services Group plc | 0.12% | $0.01 | 33.77% |
| BREE.L | Breedon Group plc | 0.12% | $0.38 | 70.10% |
| ICICIPRULI.BO | ICICI Prudential Life Insurance Company Limited | 0.12% | $0.83 | 9.28% |
| JHD.L | James Halstead plc | 0.12% | $0.17 | 79.18% |
| MIDW.L | Midwich Group plc | 0.12% | $0.22 | 74.12% |
| MONEXB.MX | Monex, S.A.B. de C.V. | 0.12% | $0.02 | 0.42% |
| SBRE.L | Sabre Insurance Group plc | 0.12% | $0.16 | 68.02% |
| TFIF.L | TwentyFour Income Fund Limited | 0.12% | $0.14 | 45.96% |
| VSVS.L | Vesuvius plc | 0.12% | $0.48 | 68.73% |
| WINK.L | M Winkworth PLC | 0.12% | $0.24 | 90.49% |
| 000523.SZ | Hongmian Zhihui Science and Technology Innovation Co.,Ltd.Guangzhou | 0.11% | $0.00 | 1.45% |
| 000565.SZ | Chongqing Sanxia Paints Co., Ltd | 0.11% | $0.01 | 60.97% |
| 002107.SZ | Shandong Wohua Pharmaceutical Co., Ltd. | 0.11% | $0.01 | 5.06% |
| 007660.KS | ISU Petasys Co., Ltd. | 0.11% | $129.20 | 6.94% |
| 300756.SZ | Guangdong Jinma Entertainment Corporation Limited | 0.11% | $0.06 | 11.56% |
| 600226.SS | Zhejiang Hengtong Holding Co., Ltd Class A | 0.11% | $0.01 | 8.98% |
| 600556.SS | Inmyshow Digital Technology(Group)Co.,Ltd. | 0.11% | $0.01 | 54.07% |
| 601608.SS | CITIC Heavy Industries Co., Ltd. | 0.11% | $0.01 | 9.07% |
| 688228.SS | UCAP Cloud Information Technology Co.,Ltd. | 0.11% | $0.21 | 42.58% |
| 688233.SS | Thinkon Semiconductor Jinzhou Corp. | 0.11% | $0.07 | 14.96% |
| 688319.SS | Chengdu Olymvax Biopharmaceuticals Inc. | 0.11% | $0.03 | 17.44% |
| 688350.SS | Jiangsu Feymer Technology Co., Ltd. | 0.11% | $0.03 | 45.86% |
| 7047.T | Port Inc. | 0.11% | $2.44 | 1.74% |
| AEWU.L | AEW UK REIT plc | 0.11% | $0.12 | 60.58% |
| BIPS.L | Invesco Bond Income Plus Limited | 0.11% | $0.19 | 62.38% |
| BRCK.L | Brickability Group Plc | 0.11% | $0.06 | 94.82% |
| DNLM.L | Dunelm Group plc | 0.11% | $1.21 | 80.20% |
| GFTU.L | Grafton Group plc | 0.11% | $1.01 | 74.86% |
| ITV.L | ITV plc | 0.11% | $0.09 | 54.77% |
| KDTN.JK | PT Puri Sentul Permai Tbk | 0.11% | $0.88 | 60.36% |
| MGAM.L | Morgan Advanced Materials plc | 0.11% | $0.24 | 70.25% |
| OSB.L | OSB Group Plc | 0.11% | $0.69 | 39.29% |
| PWON.JK | PT Pakuwon Jati Tbk | 0.11% | $0.36 | 0.81% |
| SEA.JO | Spear Reit Limited | 0.11% | $1.26 | 45.37% |
| SNWS.L | Smiths News plc | 0.11% | $0.08 | 40.75% |
| SYG.JO | Sygnia Limited | 0.11% | $3.77 | 85.37% |
| TBS.JO | Tiger Brands Limited | 0.11% | $40.83 | 91.57% |
| TRIAN-B.ST | Fastighets AB Trianon (publ) | 0.11% | $0.02 | 1.03% |
| VMUK.L | Virgin Money UK PLC | 0.11% | $0.24 | 47.69% |
| VOD.JO | Vodacom Group Limited | 0.11% | $14.89 | 87.88% |
| 000010.SZ | Shenzhen Ecobeauty Co., Ltd. | 0.10% | $0.00 | 8.13% |
| 000551.SZ | Create Technology & Science Co.,Ltd. | 0.10% | $0.01 | 2.73% |
| 001231.SZ | Norsyn Crop Technology Co., Ltd. | 0.10% | $0.02 | 3.67% |