Definitive Analysis
| Stable Growth | $209,951.50 - $844,097.38 | $560,051.66 |
| Multi-Stage | $103,700.38 - $113,362.63 | $108,443.38 |
| Blended Fair Value | $334,247.52 | |
| Current Price | $26,775.00 | |
| Upside | 1,148.36% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 11.99% | 15.07% | 2,235.27 | 6,883.97 | 1,752.66 | 829.66 | 1,002.11 | 1,269.08 | 1,002.11 | 693.06 | 598.60 | 817.30 |
| YoY Growth | - | - | -67.53% | 292.77% | 111.25% | -17.21% | -21.04% | 26.64% | 44.59% | 15.78% | -26.76% | 48.78% |
| Dividend Yield | - | - | 9.49% | 28.65% | 6.02% | 3.25% | 4.53% | 7.51% | 3.68% | 2.17% | 2.26% | 5.34% |
| Net Income To Common (M) | 15,414,710.00 |
| (-) Cash Dividends Paid (M) | 7,808,837.00 |
| (=) Cash Retained (M) | 7,605,873.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 3,082,942.00 | 1,926,838.75 | 1,156,103.25 |
| Cash Retained (M) | 7,605,873.00 | 7,605,873.00 | 7,605,873.00 |
| (-) Cash Required (M) | -3,082,942.00 | -1,926,838.75 | -1,156,103.25 |
| (=) Excess Retained (M) | 4,522,931.00 | 5,679,034.25 | 6,449,769.75 |
| (/) Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| (=) Excess Retained per Share | 1,245.37 | 1,563.69 | 1,775.91 |
| LTM Dividend per Share | 2,150.12 | 2,150.12 | 2,150.12 |
| (+) Excess Retained per Share | 1,245.37 | 1,563.69 | 1,775.91 |
| (=) Adjusted Dividend | 3,395.49 | 3,713.82 | 3,926.03 |
| WACC / Discount Rate | 7.21% | 7.21% | 7.21% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $209,951.50 | $560,051.66 | $844,097.38 |
| Upside / Downside | 684.13% | 1,991.70% | 3,052.56% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 15,414,710.00 | 16,416,666.15 | 17,483,749.45 | 18,620,193.16 | 19,830,505.72 | 21,119,488.59 | 21,753,073.25 |
| Payout Ratio | 50.66% | 58.53% | 66.40% | 74.26% | 82.13% | 90.00% | 92.50% |
| Projected Dividends (M) | 7,808,837.00 | 9,608,129.03 | 11,608,336.69 | 13,827,977.00 | 16,287,125.33 | 19,007,539.73 | 20,121,592.76 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.21% | 7.21% | 7.21% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 8,878,133.73 | 8,962,286.66 | 9,046,439.58 |
| Year 2 PV (M) | 9,911,416.07 | 10,100,200.70 | 10,290,766.33 |
| Year 3 PV (M) | 10,909,559.51 | 11,222,733.76 | 11,541,844.79 |
| Year 4 PV (M) | 11,873,420.85 | 12,330,039.10 | 12,799,702.62 |
| Year 5 PV (M) | 12,803,838.45 | 13,422,268.64 | 14,064,367.60 |
| PV of Terminal Value (M) | 322,243,619.99 | 337,808,107.33 | 353,968,284.24 |
| Equity Value (M) | 376,619,988.60 | 393,845,636.20 | 411,711,405.16 |
| Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| Fair Value | $103,700.38 | $108,443.38 | $113,362.63 |
| Upside / Downside | 287.30% | 305.02% | 323.39% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| PBY-UN.TO | Canso Credit Trust - Canso Credit Income Fund | 6.89% | $1.10 | 43.72% |
| 002267.SZ | Shaanxi Provincial Natural Gas Co.,Ltd | 6.88% | $0.52 | 85.38% |
| 0590.HK | Luk Fook Holdings (International) Limited | 6.88% | $1.64 | 33.93% |
| 0QPD.L | Allreal Holding AG | 6.88% | $14.00 | 66.23% |
| 8967.T | Japan Logistics Fund, Inc. | 6.88% | $7,165.67 | 91.03% |
| 3356.TW | GeoVision Inc. | 6.87% | $3.25 | 61.01% |
| OPUS.BD | OPUS GLOBAL Nyrt. | 6.87% | $37.73 | 85.10% |
| INK.WA | Instal Kraków S.A. | 6.86% | $2.52 | 41.25% |
| NLB.IL | Nova Ljubljanska Banka d.d. | 6.86% | $2.47 | 49.72% |
| 0148.HK | Kingboard Holdings Limited | 6.85% | $2.03 | 45.96% |
| 3592.TW | Raydium Semiconductor Corporation | 6.85% | $15.14 | 68.63% |
| ABEV3.SA | Ambev S.A. | 6.85% | $0.93 | 91.30% |
| ETER3.SA | Eternit S.A. | 6.85% | $0.28 | 35.41% |
| HTC-R.BK | Haad Thip Public Company Limited | 6.85% | $1.02 | 69.98% |
| PBA | Pembina Pipeline Corporation | 6.85% | $2.64 | 86.47% |
| 2527.TW | Hung Ching Development & Construction Co., Ltd. | 6.84% | $2.00 | 48.52% |
| 3466.T | LaSalle LOGIPORT REIT | 6.84% | $10,849.36 | 75.97% |
| KLINIQ.BK | The Klinique Medical Clinic Public Company Limited | 6.82% | $1.46 | 90.74% |
| LPF.BK | Lotus's Retail Growth Freehold and Leasehold Property Fund | 6.82% | $0.73 | 83.53% |
| CLWT | Euro Tech Holdings Company Limited | 6.81% | $0.08 | 24.63% |
| TMD.BK | Thai Metal Drum Manufacturing Public Company Limited | 6.80% | $1.77 | 75.56% |
| FID.AX | Fiducian Group Ltd | 6.79% | $0.79 | 74.24% |
| NNND.F | Tencent Holdings Limited | 6.79% | $4.68 | 20.82% |
| RIC.AX | Ridley Corporation Limited | 6.79% | $0.18 | 67.95% |
| 8961.T | MORI TRUST Sogo Reit, Inc. | 6.78% | $5,291.84 | 68.53% |
| CENCOSHOPP.SN | Cencosud Shopping S.A. | 6.78% | $94.93 | 75.52% |
| COVH.PA | Covivio Hotels | 6.78% | $1.54 | 87.52% |
| FLOYD.BK | Floyd Public Company Limited | 6.78% | $0.08 | 34.43% |
| ALGIR.PA | Signaux Girod S.A. | 6.77% | $1.00 | 32.73% |
| 0144.HK | China Merchants Port Holdings Company Limited | 6.76% | $1.03 | 29.79% |
| 0512.HK | Grand Pharmaceutical Group Limited | 6.76% | $0.53 | 41.13% |
| TOG.BK | Thai Optical Group Public Company Limited | 6.76% | $0.45 | 66.31% |
| SSF.BK | Surapon Foods Public Company Limited | 6.75% | $0.34 | 66.42% |
| 0RU6.L | SpareBank 1 Ostlandet | 6.74% | $13.98 | 53.75% |
| 2313.HK | Shenzhou International Group Holdings Limited | 6.74% | $4.18 | 53.04% |
| 600188.SS | Yankuang Energy Group Company Limited | 6.74% | $0.89 | 77.55% |
| 0QO2.L | Burkhalter Holding AG | 6.73% | $9.31 | 88.33% |
| 82331.HK | Li Ning Company Limited | 6.73% | $1.13 | 50.46% |
| TBR.AX | Tribune Resources Limited | 6.73% | $0.40 | 55.86% |
| 200512.SZ | Tsann Kuen (China) Enterprise Co., Ltd. | 6.72% | $0.21 | 74.88% |
| C07.SI | Jardine Cycle & Carriage Limited | 6.72% | $2.28 | 47.91% |
| GISS.QA | Gulf International Services Q.P.S.C. | 6.72% | $0.17 | 45.22% |
| MELG.OL | Melhus Sparebank | 6.72% | $13.50 | 25.36% |
| SGP.AX | Stockland | 6.72% | $0.39 | 82.32% |
| UNI.AX | Universal Store Holdings Limited | 6.72% | $0.54 | 81.02% |
| 0R6M.L | Intershop Holding AG | 6.71% | $11.00 | 31.38% |
| CEEB3.SA | Companhia de Eletricidade do Estado da Bahia - COELBA | 6.71% | $3.02 | 37.99% |
| 017940.KS | E1 Corporation | 6.70% | $5,410.21 | 82.17% |
| 3080.SR | Eastern Province Cement Company | 6.70% | $1.60 | 56.11% |
| CNQ | Canadian Natural Resources Limited | 6.70% | $2.30 | 71.45% |