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 % ⇵ |
|---|---|---|---|---|
| CGI.L | Canadian General Investments, Limited | 0.08% | $2.03 | 12.08% |
| CTA.JO | Capital Appreciation Limited | 0.08% | $0.13 | 39.94% |
| DLEA.TA | Delek Automotive Systems Ltd. | 0.08% | $1.99 | 91.34% |
| FLK.L | Fletcher King Plc | 0.08% | $0.03 | 2.53% |
| GMTD.JK | PT Gowa Makassar Tourism Development Tbk | 0.08% | $2.30 | 9.77% |
| GRG.L | Greggs plc | 0.08% | $1.30 | 47.22% |
| GRUMAB.MX | Gruma, S.A.B. de C.V. | 0.08% | $0.26 | 16.98% |
| HFT.BK | Hwa Fong Rubber (Thailand) Public Company Limited | 0.08% | $0.00 | 0.82% |
| HLCL.L | Helical plc | 0.08% | $0.15 | 34.17% |
| HSM.L | Samuel Heath & Sons plc | 0.08% | $0.26 | 36.99% |
| INCH.L | Inchcape plc | 0.08% | $0.64 | 37.01% |
| JEL.L | Jersey Electricity plc | 0.08% | $0.40 | 52.99% |
| KETL.L | Strix Group Plc | 0.08% | $0.04 | 61.18% |
| KGF.L | Kingfisher plc | 0.08% | $0.25 | 85.28% |
| LUDN.TA | Ludan Engineering Co. Ltd | 0.08% | $1.05 | 64.73% |
| MATE.L | JPMorgan Multi-Asset Growth & Income plc | 0.08% | $0.08 | 87.13% |
| MLHK.PA | H&K AG | 0.08% | $0.03 | 3.47% |
| PNS.L | Panther Securities PLC | 0.08% | $0.24 | 37.70% |
| TET.L | Treatt plc | 0.08% | $0.16 | 44.44% |
| VGIL.BO | Veer Global Infraconstruction | 0.08% | $0.09 | 5.66% |
| W7L.L | Warpaint London PLC | 0.08% | $0.16 | 40.16% |
| WBO.JO | Wilson Bayly Holmes-Ovcon Limited | 0.08% | $12.95 | 30.96% |
| WTB.L | Whitbread plc | 0.08% | $1.98 | 71.50% |
| 000533.SZ | Guangdong Shunna Electric Co., Ltd | 0.07% | $0.01 | 3.89% |
| 001215.SZ | Zhengzhou Qianweiyangchu Food Co., Ltd. | 0.07% | $0.03 | 4.68% |
| 002264.SZ | New Huadu Technology Co., Ltd. | 0.07% | $0.01 | 1.72% |
| 002549.SZ | Hunan Kaimeite Gases Co., Ltd. | 0.07% | $0.02 | 18.10% |
| 002792.SZ | Tongyu Communication Inc. | 0.07% | $0.03 | 96.96% |
| 0RPS.L | Medicover AB (publ) | 0.07% | $0.15 | 51.84% |
| 1221.HK | Sino Hotels (Holdings) Limited | 0.07% | $0.00 | 0.69% |
| 300238.SZ | Guanhao Biotech Co.,Ltd. | 0.07% | $0.01 | 10.32% |
| 300402.SZ | Nanjing Baose Co., Ltd. | 0.07% | $0.01 | 5.88% |
| 300502.SZ | Eoptolink Technology Inc., Ltd. | 0.07% | $0.32 | 4.24% |
| 301010.SZ | Jiangsu Jingxue Insulation Technology Co.,Ltd. | 0.07% | $0.01 | 7.44% |
| 600198.SS | Datang Telecom Technology Co., Ltd. | 0.07% | $0.01 | 12.15% |
| 600249.SS | Liuzhou Liangmianzhen Co., Ltd. | 0.07% | $0.00 | 10.39% |
| 600345.SS | WuHan Yangtze Communication Industry GroupCo.,Ltd | 0.07% | $0.03 | 6.02% |
| 600382.SS | Guangdong Mingzhu Group Co.,Ltd | 0.07% | $0.00 | 1.47% |
| 600455.SS | But'one Information Corporation,Xi'an | 0.07% | $0.02 | 2.76% |
| 600479.SS | ZhuZhou QianJin Pharmaceutical Co.,Ltd | 0.07% | $0.01 | 1.24% |
| 600616.SS | Shanghai Jinfeng Wine Company Limited | 0.07% | $0.00 | 10.12% |
| 600662.SS | Shanghai Foreign Service Holding Group CO.,Ltd. | 0.07% | $0.00 | 0.67% |
| 603229.SS | Zhejiang Ausun Pharmaceutical Co., Ltd. | 0.07% | $0.01 | 3.01% |
| 603256.SS | Grace Fabric Technology Co.,Ltd. | 0.07% | $0.03 | 14.50% |
| 603662.SS | Keli Sensing Technology (Ningbo) Co.,Ltd. | 0.07% | $0.05 | 4.21% |
| 603728.SS | Shanghai MOONS' Electric Co.,Ltd. | 0.07% | $0.05 | 26.92% |
| 605566.SS | Hangzhou Flariant Co., Ltd. | 0.07% | $0.02 | 9.13% |
| 688065.SS | Cathay Biotech Inc. | 0.07% | $0.04 | 4.46% |
| 688313.SS | Henan Shijia Photons Technology Co., Ltd. | 0.07% | $0.06 | 8.67% |
| AJAXENGG.BO | AJAX Engineering Limited | 0.07% | $0.39 | 1.78% |