Definitive Analysis
| Stable Growth | $1,343,370.30 - $2,686,441.65 | $2,517,589.25 |
| Multi-Stage | $414,801.63 - $454,067.66 | $434,073.66 |
| Blended Fair Value | $1,475,831.45 | |
| Current Price | $158,700.00 | |
| Upside | 829.95% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 14.63% | 10.08% | 5,741.89 | 5,271.72 | 3,230.42 | 2,419.86 | 2,383.92 | 2,900.94 | 2,590.05 | 2,534.85 | 2,533.36 | 2,204.36 |
| YoY Growth | - | - | 8.92% | 63.19% | 33.50% | 1.51% | -17.82% | 12.00% | 2.18% | 0.06% | 14.93% | 0.30% |
| Dividend Yield | - | - | 2.41% | 2.36% | 2.23% | 2.02% | 4.33% | 11.94% | 5.01% | 3.04% | 2.66% | 3.19% |
| Net Income To Common (M) | 54,576.47 |
| (-) Cash Dividends Paid (M) | 20,829.46 |
| (=) Cash Retained (M) | 33,747.01 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 10,915.29 | 6,822.06 | 4,093.24 |
| Cash Retained (M) | 33,747.01 | 33,747.01 | 33,747.01 |
| (-) Cash Required (M) | -10,915.29 | -6,822.06 | -4,093.24 |
| (=) Excess Retained (M) | 22,831.71 | 26,924.95 | 29,653.77 |
| (/) Shares Outstanding (M) | 4.04 | 4.04 | 4.04 |
| (=) Excess Retained per Share | 5,651.06 | 6,664.18 | 7,339.59 |
| LTM Dividend per Share | 5,155.49 | 5,155.49 | 5,155.49 |
| (+) Excess Retained per Share | 5,651.06 | 6,664.18 | 7,339.59 |
| (=) Adjusted Dividend | 10,806.55 | 11,819.67 | 12,495.08 |
| WACC / Discount Rate | 6.35% | 6.35% | 6.35% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,343,370.30 | $2,517,589.25 | $2,686,441.65 |
| Upside / Downside | 746.48% | 1,486.38% | 1,592.78% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 54,576.47 | 58,123.94 | 61,902.00 | 65,925.63 | 70,210.79 | 74,774.50 | 77,017.73 |
| Payout Ratio | 38.17% | 48.53% | 58.90% | 69.27% | 79.63% | 90.00% | 92.50% |
| Projected Dividends (M) | 20,829.46 | 28,209.01 | 36,459.90 | 45,664.22 | 55,911.05 | 67,297.05 | 71,241.40 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.35% | 6.35% | 6.35% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 26,275.96 | 26,525.02 | 26,774.08 |
| Year 2 PV (M) | 31,634.21 | 32,236.75 | 32,844.98 |
| Year 3 PV (M) | 36,905.26 | 37,964.68 | 39,044.18 |
| Year 4 PV (M) | 42,090.17 | 43,708.84 | 45,373.75 |
| Year 5 PV (M) | 47,189.98 | 49,469.27 | 51,835.80 |
| PV of Terminal Value (M) | 1,491,806.72 | 1,563,861.54 | 1,638,674.07 |
| Equity Value (M) | 1,675,902.29 | 1,753,766.10 | 1,834,546.86 |
| Shares Outstanding (M) | 4.04 | 4.04 | 4.04 |
| Fair Value | $414,801.63 | $434,073.66 | $454,067.66 |
| Upside / Downside | 161.37% | 173.52% | 186.12% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| SAH | Sonic Automotive, Inc. | 2.13% | $1.31 | 35.28% |
| AIG-PA | American International Group, Inc. | 2.12% | $1.69 | 30.01% |
| LANC | Lancaster Colony Corporation | 2.11% | $3.82 | 61.80% |
| TDAC | Translational Development Acquisition Corp. | 2.10% | $0.22 | 79.86% |
| FAST | Fastenal Company | 2.09% | $0.85 | 79.50% |
| FDUS | Fidus Investment Corporation | 2.09% | $0.41 | 17.86% |
| IBOC | International Bancshares Corporation | 2.09% | $1.40 | 20.70% |
| SMRSX | ALPS/Smith Short Duration Bond Investor | 2.09% | $0.22 | 98.81% |
| SSSS | SuRo Capital Corp. | 2.09% | $0.20 | 8.46% |
| MLR | Miller Industries, Inc. | 2.08% | $0.78 | 30.00% |
| OACC | Oaktree Acquisition Corp. III Life Sciences | 2.08% | $0.22 | 61.74% |
| FCCO | First Community Corporation | 2.07% | $0.60 | 25.08% |
| GNTX | Gentex Corporation | 2.07% | $0.49 | 28.42% |
| OACCU | Oaktree Acquisition Corp. III Life Sciences Unit | 2.07% | $0.22 | 61.74% |
| DLB | Dolby Laboratories, Inc. | 2.06% | $1.31 | 49.64% |
| APOG | Apogee Enterprises, Inc. | 2.05% | $0.77 | 37.24% |
| CAKE | The Cheesecake Factory Incorporated | 2.05% | $1.08 | 32.74% |
| EWBC | East West Bancorp, Inc. | 2.05% | $2.36 | 25.97% |
| ALF | Centurion Acquisition Corp. | 2.04% | $0.22 | 51.38% |
| ATO | Atmos Energy Corporation | 2.04% | $3.45 | 46.19% |
| OVLY | Oak Valley Bancorp | 2.04% | $0.61 | 29.73% |
| 0HYE.L | Cincinnati Financial Corporation | 2.03% | $3.28 | 24.36% |
| AOS | A. O. Smith Corporation | 2.03% | $1.39 | 36.68% |
| ACT | Enact Holdings, Inc. | 2.02% | $0.80 | 18.03% |
| ARKO | Arko Corp. | 2.02% | $0.09 | 55.86% |
| KFY | Korn Ferry | 2.02% | $1.34 | 26.97% |
| 0H68.L | Aflac Incorporated | 2.01% | $2.20 | 28.14% |
| LEN | Lennar Corporation | 2.01% | $2.10 | 25.46% |
| AVY | Avery Dennison Corporation | 2.00% | $3.66 | 41.17% |
| RHLD | Resolute Holdings Management, Inc. | 2.00% | $3.74 | 22.61% |
| ALFUU | Centurion Acquisition Corp. Unit | 1.99% | $0.22 | 51.38% |
| GNTY | Guaranty Bancshares, Inc. | 1.99% | $0.97 | 30.69% |
| NC | NACCO Industries, Inc. | 1.99% | $0.95 | 24.54% |
| QCOM | QUALCOMM Incorporated | 1.99% | $3.44 | 68.67% |
| THG | The Hanover Insurance Group, Inc. | 1.98% | $3.55 | 20.46% |
| CNMD | CONMED Corporation | 1.97% | $0.80 | 38.60% |
| FBIN | Fortune Brands Innovations, Inc. | 1.97% | $1.00 | 36.69% |
| FEIM | Frequency Electronics, Inc. | 1.97% | $1.00 | 46.25% |
| RPM | RPM International Inc. | 1.97% | $2.04 | 37.93% |
| BNJ | Brookfield Finance Inc. 4.50% P | 1.96% | $0.30 | 70.51% |
| MTG | MGIC Investment Corporation | 1.96% | $0.57 | 17.51% |
| CCS | Century Communities, Inc. | 1.95% | $1.15 | 16.06% |
| 0K6F.L | NetApp, Inc. | 1.94% | $2.07 | 35.51% |
| BLK | BlackRock, Inc. | 1.94% | $21.00 | 53.94% |
| FNB-PE | F.N.B. Corporation | 1.94% | $0.48 | 34.55% |
| 0L4F.L | Sealed Air Corporation | 1.93% | $0.80 | 30.13% |
| AEO | American Eagle Outfitters, Inc. | 1.93% | $0.51 | 42.14% |
| SLGN | Silgan Holdings Inc. | 1.93% | $0.80 | 26.98% |
| FSFG | First Savings Financial Group, Inc. | 1.92% | $0.61 | 23.93% |
| GEN | Gen Digital Inc. | 1.92% | $0.50 | 54.91% |