Definitive Analysis
| Stable Growth | $306,778.19 - $361,436.69 | $338,719.11 |
| Multi-Stage | $104,304.64 - $114,371.35 | $109,244.49 |
| Blended Fair Value | $223,981.80 | |
| Current Price | $5,650.00 | |
| Upside | 3,864.28% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 36.14% | 0.00% | 390.19 | 342.94 | 245.79 | 233.46 | 91.79 | 83.45 | 0.00 | 0.00 | 0.00 | 0.00 |
| YoY Growth | - | - | 13.78% | 39.53% | 5.28% | 154.34% | 10.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Dividend Yield | - | - | 8.13% | 3.61% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Income To Common (M) | 76,369.23 |
| (-) Cash Dividends Paid (M) | 23,559.70 |
| (=) Cash Retained (M) | 52,809.53 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 15,273.85 | 9,546.15 | 5,727.69 |
| Cash Retained (M) | 52,809.53 | 52,809.53 | 52,809.53 |
| (-) Cash Required (M) | -15,273.85 | -9,546.15 | -5,727.69 |
| (=) Excess Retained (M) | 37,535.68 | 43,263.38 | 47,081.84 |
| (/) Shares Outstanding (M) | 42.02 | 42.02 | 42.02 |
| (=) Excess Retained per Share | 893.26 | 1,029.57 | 1,120.44 |
| LTM Dividend per Share | 560.66 | 560.66 | 560.66 |
| (+) Excess Retained per Share | 893.26 | 1,029.57 | 1,120.44 |
| (=) Adjusted Dividend | 1,453.93 | 1,590.23 | 1,681.10 |
| WACC / Discount Rate | 4.82% | 4.82% | 4.82% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $306,778.19 | $338,719.11 | $361,436.69 |
| Upside / Downside | 5,329.70% | 5,895.03% | 6,297.11% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 76,369.23 | 81,333.23 | 86,619.89 | 92,250.19 | 98,246.45 | 104,632.47 | 107,771.44 |
| Payout Ratio | 30.85% | 42.68% | 54.51% | 66.34% | 78.17% | 90.00% | 92.50% |
| Projected Dividends (M) | 23,559.70 | 34,712.85 | 47,216.36 | 61,198.67 | 76,799.20 | 94,169.22 | 99,688.58 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 4.82% | 4.82% | 4.82% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 32,805.03 | 33,115.97 | 33,426.92 |
| Year 2 PV (M) | 42,168.95 | 42,972.15 | 43,782.93 |
| Year 3 PV (M) | 51,652.62 | 53,135.38 | 54,646.25 |
| Year 4 PV (M) | 61,257.20 | 63,612.98 | 66,036.06 |
| Year 5 PV (M) | 70,983.85 | 74,412.40 | 77,972.17 |
| PV of Terminal Value (M) | 4,124,117.46 | 4,323,313.87 | 4,530,134.00 |
| Equity Value (M) | 4,382,985.11 | 4,590,562.76 | 4,805,998.33 |
| Shares Outstanding (M) | 42.02 | 42.02 | 42.02 |
| Fair Value | $104,304.64 | $109,244.49 | $114,371.35 |
| Upside / Downside | 1,746.10% | 1,833.53% | 1,924.27% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| DIFI.TA | Direct Finance of Direct Group (2006) Ltd | 0.05% | $27.76 | 72.89% |
| DOHOL.IS | Dogan Sirketler Grubu Holding A.S. | 0.05% | $0.01 | 1.12% |
| DSW.L | DSW Capital plc | 0.05% | $0.04 | 71.47% |
| EDIN.L | The Edinburgh Investment Trust plc | 0.05% | $0.43 | 23.09% |
| EKF.L | EKF Diagnostics Holdings plc | 0.05% | $0.01 | 49.97% |
| FNTL.L | Fintel Plc | 0.05% | $0.10 | 86.78% |
| FSTA.L | Fuller, Smith & Turner PLC | 0.05% | $0.38 | 57.02% |
| GAW.L | Games Workshop Group PLC | 0.05% | $9.37 | 89.20% |
| GCC.MX | GCC, S.A.B. de C.V. | 0.05% | $0.09 | 9.95% |
| GPE.L | Great Portland Estates Plc | 0.05% | $0.16 | 17.61% |
| HAT.L | H&T Group plc | 0.05% | $0.34 | 34.09% |
| HEFT.L | Henderson European Focus Trust plc | 0.05% | $0.09 | 64.95% |
| HWDN.L | Howden Joinery Group Plc | 0.05% | $0.42 | 45.53% |
| I3E.L | i3 Energy Plc | 0.05% | $0.01 | 15.40% |
| ISRS.TA | Isras Investment Company Ltd | 0.05% | $45.21 | 56.32% |
| IX.L | i(x) Net Zero Plc | 0.05% | $0.00 | 0.12% |
| JSE.JO | JSE Limited | 0.05% | $7.95 | 36.38% |
| JSG.L | Johnson Service Group PLC | 0.05% | $0.07 | 41.78% |
| KGH.L | Knights Group Holdings plc | 0.05% | $0.08 | 42.63% |
| KNOS.L | Kainos Group plc | 0.05% | $0.53 | 78.52% |
| LMP.L | LondonMetric Property Plc | 0.05% | $0.10 | 43.71% |
| MDTR.TA | Mediterranean Towers Ltd. | 0.05% | $0.65 | 32.16% |
| MGNS.L | Morgan Sindall Group plc | 0.05% | $2.35 | 41.65% |
| MLRN.TA | M.L.R.N Projects and Trade Ltd. | 0.05% | $0.71 | 41.84% |
| NIOX.L | NIOX Group Plc | 0.05% | $0.03 | 82.72% |
| NTBR.L | Northern Bear PLC | 0.05% | $0.07 | 24.02% |
| NWOR.L | National World Plc | 0.05% | $0.01 | 65.38% |
| PTBL.TA | Property & Building Corp. Ltd. | 0.05% | $18.00 | 65.50% |
| ROR.L | Rotork plc | 0.05% | $0.15 | 58.18% |
| SAIN.L | The Scottish American Investment Company PLC | 0.05% | $0.26 | 46.12% |
| SHRS.L | Shires Income Plc | 0.05% | $0.17 | 8.90% |
| SLARL.TA | Sella Capital Real Estate Ltd. | 0.05% | $0.55 | 43.38% |
| SMJ.L | J. Smart & Co. (Contractors) PLC | 0.05% | $0.07 | 37.45% |
| SOLI.L | Solid State plc | 0.05% | $0.08 | 47.33% |
| SSE.L | SSE plc | 0.05% | $1.03 | 39.40% |
| STB.L | Secure Trust Bank PLC | 0.05% | $0.63 | 25.00% |
| THRG.L | BlackRock Throgmorton Trust plc | 0.05% | $0.29 | 39.74% |
| TIFS.L | TI Fluid Systems plc | 0.05% | $0.11 | 47.06% |
| TMPL.L | Temple Bar Investment Trust PLC | 0.05% | $0.20 | 17.86% |
| TSTL.L | Tristel PLC | 0.05% | $0.24 | 93.73% |
| TUNE.L | Focusrite plc | 0.05% | $0.13 | 97.00% |
| UPGS.L | UP Global Sourcing Holdings plc | 0.05% | $0.07 | 25.06% |
| VOF.L | VinaCapital Vietnam Opportunity Fund Limited | 0.05% | $0.25 | 16.06% |
| WTM | White Mountains Insurance Group, Ltd. | 0.05% | $1.02 | 1.85% |
| 000230.KS | Ildong Holdings Co., Ltd. | 0.04% | $5.33 | 0.12% |
| 000729.SZ | Beijing Yanjing Brewery Co.,Ltd. | 0.04% | $0.00 | 0.84% |
| 001515.KS | SK Securities Co., Ltd. | 0.04% | $1.06 | 11.94% |
| 002159.SZ | Wuhan Sante Cableway Group Co., Ltd. | 0.04% | $0.01 | 0.86% |
| 002252.SZ | Shanghai RAAS Blood Products Co., Ltd. | 0.04% | $0.00 | 1.00% |
| 002316.SZ | Jilin Asia Link Technology Development Co.,Ltd. | 0.04% | $0.00 | 16.75% |