Definitive Analysis
| Stable Growth | $2,726,766.70 - $3,212,593.17 | $3,010,670.28 |
| Multi-Stage | $601,704.74 - $659,664.62 | $630,147.49 |
| Blended Fair Value | $1,820,408.89 | |
| Current Price | $84,600.00 | |
| Upside | 2,051.78% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 3.50% | 10.23% | 957.79 | 957.79 | 907.72 | 850.12 | 851.76 | 806.50 | 731.04 | 740.97 | 452.10 | 452.10 |
| YoY Growth | - | - | 0.00% | 5.52% | 6.78% | -0.19% | 5.61% | 10.32% | -1.34% | 63.89% | 0.00% | 24.98% |
| Dividend Yield | - | - | 2.34% | 3.55% | 3.46% | 2.70% | 2.67% | 5.27% | 2.36% | 1.89% | 1.26% | 1.27% |
| Net Income To Common (M) | 1,243,530.00 |
| (-) Cash Dividends Paid (M) | 72,164.00 |
| (=) Cash Retained (M) | 1,171,366.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 248,706.00 | 155,441.25 | 93,264.75 |
| Cash Retained (M) | 1,171,366.00 | 1,171,366.00 | 1,171,366.00 |
| (-) Cash Required (M) | -248,706.00 | -155,441.25 | -93,264.75 |
| (=) Excess Retained (M) | 922,660.00 | 1,015,924.75 | 1,078,101.25 |
| (/) Shares Outstanding (M) | 76.98 | 76.98 | 76.98 |
| (=) Excess Retained per Share | 11,985.63 | 13,197.17 | 14,004.86 |
| LTM Dividend per Share | 937.43 | 937.43 | 937.43 |
| (+) Excess Retained per Share | 11,985.63 | 13,197.17 | 14,004.86 |
| (=) Adjusted Dividend | 12,923.06 | 14,134.60 | 14,942.29 |
| WACC / Discount Rate | 5.73% | 5.73% | 5.73% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $2,726,766.70 | $3,010,670.28 | $3,212,593.17 |
| Upside / Downside | 3,123.13% | 3,458.71% | 3,697.39% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,243,530.00 | 1,324,359.45 | 1,410,442.81 | 1,502,121.60 | 1,599,759.50 | 1,703,743.87 | 1,754,856.18 |
| Payout Ratio | 5.80% | 22.64% | 39.48% | 56.32% | 73.16% | 90.00% | 92.50% |
| Projected Dividends (M) | 72,164.00 | 299,868.43 | 556,869.54 | 846,013.85 | 1,170,394.15 | 1,533,369.48 | 1,623,241.97 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.73% | 5.73% | 5.73% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 280,941.69 | 283,604.64 | 286,267.59 |
| Year 2 PV (M) | 488,792.29 | 498,102.41 | 507,500.36 |
| Year 3 PV (M) | 695,718.89 | 715,690.48 | 736,040.66 |
| Year 4 PV (M) | 901,724.57 | 936,402.35 | 972,070.86 |
| Year 5 PV (M) | 1,106,812.40 | 1,160,271.85 | 1,215,777.33 |
| PV of Terminal Value (M) | 42,845,541.54 | 44,914,997.22 | 47,063,655.84 |
| Equity Value (M) | 46,319,531.38 | 48,509,068.95 | 50,781,312.64 |
| Shares Outstanding (M) | 76.98 | 76.98 | 76.98 |
| Fair Value | $601,704.74 | $630,147.49 | $659,664.62 |
| Upside / Downside | 611.23% | 644.86% | 679.75% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| HWBK | Hawthorn Bancshares, Inc. | 2.27% | $0.77 | 24.18% |
| UTMD | Utah Medical Products, Inc. | 2.27% | $1.28 | 35.35% |
| DKS | DICK'S Sporting Goods, Inc. | 2.26% | $4.52 | 38.61% |
| EML | The Eastern Company | 2.26% | $0.44 | 37.05% |
| SBCF | Seacoast Banking Corporation of Florida | 2.26% | $0.71 | 43.09% |
| WMK | Weis Markets, Inc. | 2.26% | $1.45 | 35.88% |
| 0JYA.L | Marathon Petroleum Corporation | 2.25% | $3.72 | 74.60% |
| FSBC | Five Star Bancorp | 2.25% | $0.80 | 29.79% |
| IBM | International Business Machines Corporation | 2.25% | $6.56 | 78.75% |
| 0KYZ.L | SBA Communications Corporation | 2.24% | $4.32 | 54.40% |
| BPOP | Popular, Inc. | 2.24% | $2.82 | 24.06% |
| MFIN | Medallion Financial Corp. | 2.24% | $0.23 | 12.50% |
| MS | Morgan Stanley | 2.24% | $4.07 | 40.12% |
| FXNC | First National Corporation | 2.23% | $0.55 | 86.28% |
| BAC | Bank of America Corporation | 2.22% | $1.24 | 31.97% |
| SSB | SouthState Corporation | 2.22% | $2.09 | 30.58% |
| VLGEA | Village Super Market, Inc. | 2.22% | $0.77 | 20.42% |
| WWW | Wolverine World Wide, Inc. | 2.22% | $0.41 | 37.79% |
| CCBG | Capital City Bank Group, Inc. | 2.21% | $0.93 | 26.22% |
| CG | The Carlyle Group Inc. | 2.20% | $1.34 | 76.25% |
| NHI | National Health Investors, Inc. | 2.20% | $1.69 | 54.58% |
| VNO | Vornado Realty Trust | 2.20% | $0.73 | 15.58% |
| BANC | Banc of California, Inc. | 2.19% | $0.43 | 32.44% |
| EBTC | Enterprise Bancorp, Inc. | 2.19% | $0.87 | 26.66% |
| RHP | Ryman Hospitality Properties, Inc. | 2.19% | $2.09 | 57.31% |
| CDP | COPT Defense Properties | 2.18% | $0.60 | 45.15% |
| FDS | FactSet Research Systems Inc. | 2.18% | $6.20 | 39.64% |
| ISBA | Isabella Bank Corporation | 2.18% | $1.10 | 44.52% |
| WH | Wyndham Hotels & Resorts, Inc. | 2.18% | $1.64 | 37.28% |
| EFSC | Enterprise Financial Services Corp | 2.17% | $1.17 | 22.34% |
| ETH | Grayscale Ethereum Mini Trust | 2.17% | $0.64 | 34.57% |
| SEM | Select Medical Holdings Corporation | 2.17% | $0.32 | 36.19% |
| BFST | Business First Bancshares, Inc. | 2.16% | $0.56 | 20.21% |
| CWBC | Community West Bancshares | 2.16% | $0.48 | 26.89% |
| EHTH | eHealth, Inc. | 2.16% | $0.09 | 5.60% |
| TPL | Texas Pacific Land Corporation | 2.16% | $6.42 | 31.02% |
| CBSH | Commerce Bancshares, Inc. | 2.15% | $1.12 | 26.40% |
| COLM | Columbia Sportswear Company | 2.15% | $1.20 | 35.55% |
| HTH | Hilltop Holdings Inc. | 2.15% | $0.73 | 28.46% |
| NATH | Nathan's Famous, Inc. | 2.15% | $1.98 | 35.76% |
| RCKY | Rocky Brands, Inc. | 2.15% | $0.62 | 22.50% |
| BDX | Becton, Dickinson and Company | 2.14% | $4.17 | 71.28% |
| CI | Cigna Corporation | 2.14% | $5.96 | 26.01% |
| FBIZ | First Business Financial Services, Inc. | 2.14% | $1.15 | 18.19% |
| JBSS | John B. Sanfilippo & Son, Inc. | 2.14% | $1.49 | 26.50% |
| JNPR | Juniper Networks, Inc. | 2.14% | $0.86 | 82.37% |
| POOL | Pool Corporation | 2.14% | $4.92 | 44.68% |
| CSCO | Cisco Systems, Inc. | 2.13% | $1.62 | 62.56% |
| CSTR | CapStar Financial Holdings, Inc. | 2.13% | $0.43 | 30.48% |
| HTLF | Heartland Financial USA, Inc. | 2.13% | $1.38 | 69.73% |