Definitive Analysis
| Stable Growth | $679,788.23 - $2,606,497.70 | $1,947,223.22 |
| Multi-Stage | $316,835.88 - $346,925.27 | $331,603.89 |
| Blended Fair Value | $1,139,413.56 | |
| Current Price | $113,500.00 | |
| Upside | 903.89% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 23.44% | 29.23% | 2,870.25 | 226.95 | 353.16 | 1,763.37 | 1,094.32 | 1,001.52 | 1,120.69 | 842.11 | 681.74 | 326.16 |
| YoY Growth | - | - | 1,164.70% | -35.74% | -79.97% | 61.14% | 9.27% | -10.63% | 33.08% | 23.52% | 109.02% | 47.58% |
| Dividend Yield | - | - | 2.35% | 0.28% | 0.91% | 4.34% | 6.36% | 9.72% | 7.86% | 5.69% | 5.61% | 2.64% |
| Net Income To Common (M) | 2,329,894.39 |
| (-) Cash Dividends Paid (M) | 285,347.12 |
| (=) Cash Retained (M) | 2,044,547.27 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 465,978.88 | 291,236.80 | 174,742.08 |
| Cash Retained (M) | 2,044,547.27 | 2,044,547.27 | 2,044,547.27 |
| (-) Cash Required (M) | -465,978.88 | -291,236.80 | -174,742.08 |
| (=) Excess Retained (M) | 1,578,568.40 | 1,753,310.48 | 1,869,805.19 |
| (/) Shares Outstanding (M) | 177.77 | 177.77 | 177.77 |
| (=) Excess Retained per Share | 8,879.82 | 9,862.79 | 10,518.10 |
| LTM Dividend per Share | 1,605.15 | 1,605.15 | 1,605.15 |
| (+) Excess Retained per Share | 8,879.82 | 9,862.79 | 10,518.10 |
| (=) Adjusted Dividend | 10,484.97 | 11,467.93 | 12,123.25 |
| WACC / Discount Rate | 7.13% | 7.13% | 7.13% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $679,788.23 | $1,947,223.22 | $2,606,497.70 |
| Upside / Downside | 498.93% | 1,615.62% | 2,196.47% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 2,329,894.39 | 2,481,337.53 | 2,642,624.47 | 2,814,395.06 | 2,997,330.74 | 3,192,157.23 | 3,287,921.95 |
| Payout Ratio | 12.25% | 27.80% | 43.35% | 58.90% | 74.45% | 90.00% | 92.50% |
| Projected Dividends (M) | 285,347.12 | 689,756.50 | 1,145,533.51 | 1,657,647.31 | 2,231,496.02 | 2,872,941.51 | 3,041,327.80 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.13% | 7.13% | 7.13% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 637,821.01 | 643,866.71 | 649,912.41 |
| Year 2 PV (M) | 979,521.20 | 998,178.33 | 1,017,011.47 |
| Year 3 PV (M) | 1,310,693.66 | 1,348,318.96 | 1,386,657.52 |
| Year 4 PV (M) | 1,631,579.37 | 1,694,325.30 | 1,758,863.85 |
| Year 5 PV (M) | 1,942,414.42 | 2,036,233.76 | 2,133,643.79 |
| PV of Terminal Value (M) | 49,821,964.39 | 52,228,383.90 | 54,726,902.75 |
| Equity Value (M) | 56,323,994.05 | 58,949,306.97 | 61,672,991.78 |
| Shares Outstanding (M) | 177.77 | 177.77 | 177.77 |
| Fair Value | $316,835.88 | $331,603.89 | $346,925.27 |
| Upside / Downside | 179.15% | 192.16% | 205.66% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 1908.HK | C&D International Investment Group Limited | 7.31% | $1.12 | 25.81% |
| 2529.HK | Hollwin Urban Operation Service Group Co., Ltd | 7.31% | $0.22 | 24.64% |
| BMOB3.SA | Bemobi Mobile Tech S.A. | 7.31% | $1.61 | 92.50% |
| CAMB3.SA | Cambuci S.A. | 7.30% | $0.72 | 45.75% |
| CIP.AX | Centuria Industrial REIT | 7.30% | $0.24 | 84.35% |
| NEO.BK | Neo Corporate PCL | 7.30% | $1.35 | 50.11% |
| QTC.BK | QTC Energy Public Company Limited | 7.30% | $0.25 | 97.23% |
| WHATS.BR | What's Cooking Group NV/SA | 7.29% | $8.20 | 32.94% |
| C5H.IR | Cairn Homes plc | 7.28% | $0.15 | 44.15% |
| DOHI.QA | Doha Insurance Group Q.P.S.C. | 7.28% | $0.19 | 46.40% |
| STRN.SW | Schlatter Industries AG | 7.28% | $1.50 | 52.09% |
| HDN.AX | HomeCo Daily Needs REIT | 7.27% | $0.10 | 62.96% |
| IPCM.JK | PT Jasa Armada Indonesia Tbk | 7.27% | $26.19 | 77.38% |
| O39.SI | Oversea-Chinese Banking Corporation Limited | 7.27% | $1.44 | 49.91% |
| THIP.BK | Thantawan Industry Public Company Limited | 7.27% | $1.64 | 50.43% |
| C6L.SI | Singapore Airlines Limited | 7.26% | $0.47 | 45.79% |
| SAPPE.BK | Sappe Public Company Limited | 7.26% | $2.23 | 82.18% |
| QIP.AX | QANTM Intellectual Property Limited | 7.25% | $0.13 | 92.42% |
| KUOA.MX | Grupo KUO, S.A.B. de C.V. | 7.24% | $4.34 | 64.64% |
| OYY.SI | PropNex Limited | 7.24% | $0.14 | 93.41% |
| 7035.KL | CCK Consolidated Holdings Berhad | 7.23% | $0.09 | 76.61% |
| SOGN.OL | Sogn Sparebank | 7.22% | $20.00 | 11.36% |
| 0QN6.L | SF Urban Properties AG | 7.21% | $7.25 | 63.89% |
| WBC.AX | Westpac Banking Corporation | 7.21% | $2.81 | 74.44% |
| 120110.KS | Kolon Industries, Inc. | 7.20% | $3,060.76 | 98.52% |
| MILS3.SA | Mills Locação, Serviços e Logística S.A. | 7.20% | $1.01 | 81.51% |
| UZU.DE | Uzin Utz AG | 7.20% | $5.11 | 46.82% |
| 3296.T | NIPPON REIT Investment Corporation | 7.19% | $7,108.47 | 63.73% |
| 600035.SS | Hubei Chutian Smart Communication Co.,Ltd. | 7.19% | $0.28 | 66.74% |
| 036460.KS | Korea Gas Corporation | 7.17% | $2,752.50 | 29.13% |
| HABITAT.SN | Administradora de Fondos de Pensiones Habitat S.A. | 7.17% | $110.00 | 70.97% |
| ITUB3.SA | Itaú Unibanco Holding S.A. | 7.17% | $2.60 | 64.54% |
| SAMF.JK | PT Saraswanti Anugerah Makmur, Tbk | 7.17% | $22.22 | 85.61% |
| 0HM0.L | VGP N.V. | 7.16% | $7.00 | 36.73% |
| VLS.AX | Vita Life Sciences Limited | 7.16% | $0.18 | 55.52% |
| CRBN.AS | Corbion N.V. | 7.15% | $1.34 | 55.86% |
| 0586.HK | China Conch Venture Holdings Limited | 7.14% | $0.69 | 29.51% |
| 600011.SS | Huaneng Power International, Inc. | 7.14% | $0.53 | 57.39% |
| IFII.JK | PT Indonesia Fibreboard Industry Tbk | 7.14% | $16.00 | 70.24% |
| UNTR.JK | PT United Tractors Tbk | 7.14% | $2,150.12 | 50.66% |
| 4987.TWO | Godex International Co., Ltd | 7.12% | $5.18 | 85.38% |
| 2328.HK | PICC Property and Casualty Company Limited | 7.11% | $1.18 | 42.87% |
| CXSE3.SA | Caixa Seguridade Participações S.A. | 7.11% | $1.18 | 80.41% |
| PUB.PA | Publicis Groupe S.A. | 7.11% | $6.23 | 49.76% |
| 600057.SS | Xiamen Xiangyu Co., Ltd. | 7.10% | $0.61 | 77.47% |
| MYPK3.SA | Iochpe-Maxion S.A. | 7.09% | $0.70 | 51.81% |
| PRM-R.BK | Prima Marine Public Company Limited | 7.09% | $0.49 | 49.90% |
| 601187.SS | Xiamen Bank Co., Ltd. | 7.08% | $0.52 | 52.74% |
| 014130.KS | Hanexpress.Co., Ltd | 7.07% | $213.25 | 20.61% |
| 0NY3.L | STEF S.a. | 7.07% | $9.19 | 44.77% |