Definitive Analysis
| Stable Growth | $5,404.36 - $7,651.58 | $6,514.18 |
| Multi-Stage | $8,508.09 - $9,315.74 | $8,904.22 |
| Blended Fair Value | $7,709.20 | |
| Current Price | $4,000.00 | |
| Upside | 92.73% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 0.00% | 0.00% | 117.00 | 10.00 | 55.00 | 91.00 | 93.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| YoY Growth | - | - | 1,070.00% | -81.82% | -39.56% | -2.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Dividend Yield | - | - | 3.95% | 0.44% | 1.51% | 3.01% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Income To Common (M) | 3,276,000.15 |
| (-) Cash Dividends Paid (M) | 1,762,360.76 |
| (=) Cash Retained (M) | 1,513,639.39 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 655,200.03 | 409,500.02 | 245,700.01 |
| Cash Retained (M) | 1,513,639.39 | 1,513,639.39 | 1,513,639.39 |
| (-) Cash Required (M) | -655,200.03 | -409,500.02 | -245,700.01 |
| (=) Excess Retained (M) | 858,439.36 | 1,104,139.37 | 1,267,939.38 |
| (/) Shares Outstanding (M) | 3,960.36 | 3,960.36 | 3,960.36 |
| (=) Excess Retained per Share | 216.76 | 278.80 | 320.16 |
| LTM Dividend per Share | 445.00 | 445.00 | 445.00 |
| (+) Excess Retained per Share | 216.76 | 278.80 | 320.16 |
| (=) Adjusted Dividend | 661.76 | 723.80 | 765.16 |
| WACC / Discount Rate | 10.00% | 10.00% | 10.00% |
| Growth Rate | -2.00% | -1.00% | 0.00% |
| Fair Value | $5,404.36 | $6,514.18 | $7,651.58 |
| Upside / Downside | 35.11% | 62.85% | 91.29% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 3,276,000.15 | 3,243,240.15 | 3,210,807.75 | 3,178,699.67 | 3,146,912.67 | 3,115,443.54 | 3,208,906.85 |
| Payout Ratio | 53.80% | 61.04% | 68.28% | 75.52% | 82.76% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,762,360.76 | 1,979,572.95 | 2,192,264.65 | 2,400,504.57 | 2,604,360.47 | 2,803,899.19 | 2,968,238.84 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 10.00% | 10.00% | 10.00% |
| Growth Rate | -2.00% | -1.00% | 0.00% |
| Year 1 PV (M) | 1,781,433.87 | 1,799,611.77 | 1,817,789.66 |
| Year 2 PV (M) | 1,775,372.03 | 1,811,788.97 | 1,848,575.63 |
| Year 3 PV (M) | 1,749,432.24 | 1,803,534.61 | 1,858,741.08 |
| Year 4 PV (M) | 1,708,023.64 | 1,778,813.24 | 1,851,780.79 |
| Year 5 PV (M) | 1,654,829.96 | 1,741,000.79 | 1,830,724.51 |
| PV of Terminal Value (M) | 25,026,019.74 | 26,329,182.65 | 27,686,075.85 |
| Equity Value (M) | 33,695,111.48 | 35,263,932.04 | 36,893,687.53 |
| Shares Outstanding (M) | 3,960.36 | 3,960.36 | 3,960.36 |
| Fair Value | $8,508.09 | $8,904.22 | $9,315.74 |
| Upside / Downside | 112.70% | 122.61% | 132.89% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| ATT.JO | Attacq Limited | 0.07% | $1.15 | 33.19% |
| AYAL.TA | Ayalon Insurance Company Ltd | 0.07% | $6.18 | 47.69% |
| COA.L | Coats Group plc | 0.07% | $0.06 | 54.61% |
| COCKERILL.BO | John Cockerill India Ltd. | 0.07% | $3.98 | 23.35% |
| CREI.L | Custodian REIT Plc | 0.07% | $0.06 | 39.01% |
| CTUK.L | CT UK Capital And Income Investment Trust Plc | 0.07% | $0.23 | 43.42% |
| DIVI.L | The Diverse Income Trust plc | 0.07% | $0.08 | 25.53% |
| DTY.L | Dignity plc | 0.07% | $0.40 | 29.52% |
| GFRD.L | Galliford Try Holdings PLC | 0.07% | $0.38 | 71.72% |
| GIF.L | Gulf Investment Fund plc | 0.07% | $0.15 | 23.89% |
| GLPL.TA | Golan Plastic Products Ltd | 0.07% | $0.55 | 60.67% |
| GMKN.ME | PJSC Mining and Metallurgical Company Norilsk Nickel | 0.07% | $0.10 | 41.97% |
| HBM | Hudbay Minerals Inc. | 0.07% | $0.01 | 1.22% |
| JCH.L | JPMorgan Claverhouse Investment Trust plc | 0.07% | $0.64 | 31.28% |
| JEMI.L | JPMorgan Global Emerging Markets Income Trust plc | 0.07% | $0.13 | 44.48% |
| JGGI.L | JPMorgan Global Growth & Income plc | 0.07% | $0.40 | 36.20% |
| JMAT.L | Johnson Matthey Plc | 0.07% | $1.61 | 67.50% |
| LUCE.L | Luceco plc | 0.07% | $0.10 | 46.01% |
| LWI.L | Lowland Investment Company plc | 0.07% | $0.11 | 64.65% |
| MAJE.L | Majedie Investments PLC | 0.07% | $0.19 | 47.93% |
| NAIT.L | The North American Income Trust plc | 0.07% | $0.27 | 37.38% |
| NEOEN.PA | Neoen S.A. | 0.07% | $0.03 | 5.26% |
| PEBB.L | The Pebble Group plc | 0.07% | $0.03 | 41.88% |
| POLN.L | Pollen Street Group Limited | 0.07% | $0.67 | 40.50% |
| RHB.JO | RH Bophelo Limited | 0.07% | $0.16 | 4.41% |
| RS1.L | RS Group plc | 0.07% | $0.45 | 63.93% |
| TST.L | Touchstar plc | 0.07% | $0.04 | 55.43% |
| TYMN.L | Tyman plc | 0.07% | $0.26 | 60.47% |
| VANL.L | Van Elle Holdings plc | 0.07% | $0.02 | 42.12% |
| VTU.L | Vertu Motors plc | 0.07% | $0.04 | 35.86% |
| WIL.L | Wilmington plc | 0.07% | $0.21 | 64.14% |
| ZENTEC.BO | Zen Technologies Limited | 0.07% | $1.00 | 3.62% |
| 000661.SZ | Changchun High-Tech Industries (Group) Inc. | 0.06% | $0.05 | 2.13% |
| 000868.SZ | Anhui Ankai Automobile Co., Ltd | 0.06% | $0.00 | 50.75% |
| 002164.SZ | Ningbo Donly Co.,Ltd | 0.06% | $0.01 | 8.48% |
| 002181.SZ | Guangdong Guangzhou Daily Media Co., Ltd. | 0.06% | $0.01 | 3.48% |
| 002530.SZ | JC Finance&Tax Interconnect Holdings Ltd. | 0.06% | $0.01 | 10.60% |
| 2070.SR | Saudi Pharmaceutical Industries and Medical Appliances Corporation | 0.06% | $0.02 | 1.65% |
| 240810.KQ | Wonik Ips Co., Ltd | 0.06% | $50.00 | 4.11% |
| 300136.SZ | Shenzhen Sunway Communication Co., Ltd. | 0.06% | $0.04 | 5.93% |
| 300339.SZ | Jiangsu Hoperun Software Co., Ltd. | 0.06% | $0.03 | 17.00% |
| 300454.SZ | Sangfor Technologies Inc. | 0.06% | $0.07 | 4.35% |
| 300698.SZ | Wanma Technology Co., Ltd. | 0.06% | $0.02 | 7.61% |
| 300814.SZ | Shenzhen Jove Enterprise Co., Ltd. | 0.06% | $0.04 | 24.70% |
| 301196.SZ | Xiamen Voke Mold & Plastic Engineering Co., Ltd. | 0.06% | $0.04 | 2.10% |
| 352820.KS | HYBE Co., Ltd. | 0.06% | $212.36 | 16.34% |
| 3923.T | Rakus Co., Ltd. | 0.06% | $0.59 | 2.24% |
| 3IN.L | 3i Infrastructure plc | 0.06% | $0.24 | 32.21% |
| 4290.SR | Al Khaleej Training and Education Company | 0.06% | $0.01 | 3.67% |
| 600187.SS | Heilongjiang Interchina Water Treatment Co.,Ltd. | 0.06% | $0.00 | 13.82% |