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 % ⇵ |
|---|---|---|---|---|
| 600637.SS | Shanghai Oriental Pearl Group Co., Ltd. | 0.09% | $0.01 | 6.37% |
| 600651.SS | Shanghai Feilo Acoustics Co.,Ltd | 0.09% | $0.01 | 33.20% |
| 600730.SS | China Hi-Tech Group Co., Ltd. | 0.09% | $0.01 | 68.94% |
| 601698.SS | China Satellite Communications Co., Ltd. | 0.09% | $0.03 | 53.56% |
| 605296.SS | Yunnan Shennong Agricultural Industry Group Co.,LTD. | 0.09% | $0.03 | 2.03% |
| 688171.SS | Guangdong Weide Information Technology CO,.Ltd. | 0.09% | $0.04 | 31.47% |
| ARTA.JK | PT Arthavest Tbk | 0.09% | $3.00 | 28.33% |
| ATRL.TO | AtkinsRéalis Group Inc. | 0.09% | $0.08 | 0.53% |
| BYG.L | Big Yellow Group Plc | 0.09% | $0.91 | 44.98% |
| CEMEXCPO.MX | CEMEX, S.A.B. de C.V. | 0.09% | $0.02 | 19.65% |
| CEPU.BA | Central Puerto S.A. | 0.09% | $2.51 | 1.34% |
| CSB.JO | Cashbuild Limited | 0.09% | $12.56 | 87.79% |
| FINAMEXO.MX | Casa de Bolsa Finamex S.A.B. de C.V. | 0.09% | $0.03 | 0.65% |
| GALD.SW | Galderma Group N | 0.09% | $0.15 | 9.37% |
| GND.JO | Grindrod Limited | 0.09% | $1.52 | 41.06% |
| HINT.L | Henderson International Income Trust plc | 0.09% | $0.15 | 77.68% |
| HSP.L | Hargreaves Services Plc | 0.09% | $0.60 | 73.58% |
| KITW.L | Kitwave Group plc | 0.09% | $0.21 | 50.10% |
| LHIS.TA | Lachish Industries Ltd | 0.09% | $1.10 | 33.79% |
| LSL.L | LSL Property Services plc | 0.09% | $0.23 | 19.43% |
| MEGP.L | ME Group International plc | 0.09% | $0.14 | 47.46% |
| MFX.L | Manx Financial Group PLC | 0.09% | $0.03 | 27.95% |
| MUT.L | Murray Income Trust PLC | 0.09% | $0.85 | 71.09% |
| N91.L | Ninety One Group | 0.09% | $0.20 | 55.57% |
| NTC.JO | Netcare Limited | 0.09% | $1.45 | 56.45% |
| PLRM.TA | Palram Industries (1990) Ltd | 0.09% | $5.04 | 60.65% |
| POLR.L | Polar Capital Holdings plc | 0.09% | $0.45 | 54.79% |
| SNCM.TA | Suny Cellular Communication Ltd | 0.09% | $0.15 | 78.49% |
| THRL.L | Target Healthcare REIT PLC | 0.09% | $0.09 | 39.74% |
| TRIFOR.CO | Trifork Holding AG | 0.09% | $0.08 | 11.44% |
| WHL.JO | Woolworths Holdings Limited | 0.09% | $5.17 | 94.82% |
| WYN.L | Wynnstay Group Plc | 0.09% | $0.35 | 79.23% |
| 000633.SZ | Xinjiang Hejin Holding Co.,Ltd | 0.08% | $0.01 | 14.32% |
| 002012.SZ | Zhejiang Kan Specialities Material Co., Ltd. | 0.08% | $0.01 | 49.97% |
| 002710.KS | TCC Steel Corp. | 0.08% | $10.97 | 16.70% |
| 290650.KQ | L&C Bio Co., Ltd | 0.08% | $49.90 | 1.44% |
| 300148.SZ | Tangel Culture Co., Ltd. | 0.08% | $0.00 | 4.33% |
| 300222.SZ | CSG Smart Science&Technology Co.,Ltd. | 0.08% | $0.01 | 6.01% |
| 300407.SZ | Tianjin Keyvia Electric Co.,Ltd | 0.08% | $0.01 | 3.03% |
| 300553.SZ | Hangzhou Jizhi Mechatronic Co., Ltd. | 0.08% | $0.03 | 10.13% |
| 300809.SZ | Hiecise Precision Equipment Co.,Ltd. | 0.08% | $0.03 | 16.34% |
| 3081.TWO | LandMark Optoelectronics Corporation | 0.08% | $0.50 | 18.79% |
| 600313.SS | Zhongnongfa Seed Industry Group Co., Ltd. | 0.08% | $0.01 | 10.74% |
| 600833.SS | Shanghai No.1 Pharmacy Co., Ltd. | 0.08% | $0.01 | 5.08% |
| 688002.SS | Raytron Technology Co.,Ltd. | 0.08% | $0.08 | 4.64% |
| 688037.SS | KINGSEMI Co., Ltd. | 0.08% | $0.12 | 27.30% |
| 9930.HK | Horizon Construction Development | 0.08% | $0.00 | 0.14% |
| BLSR.TA | Blue Square Real Estate Ltd | 0.08% | $31.97 | 45.28% |
| BVT.JO | The Bidvest Group Limited | 0.08% | $18.75 | 51.27% |
| CBOX.L | Cake Box Holdings Plc | 0.08% | $0.17 | 72.27% |