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 % ⇵ |
|---|---|---|---|---|
| 2979.T | SOSiLA Logistics REIT, Inc. | 6.51% | $8,225.45 | 81.63% |
| 5135.KL | Sarawak Plantation Berhad | 6.51% | $0.20 | 57.64% |
| TOTB.DE | TotalEnergies SE | 6.51% | $3.65 | 56.75% |
| 0QNK.L | Warteck Invest AG | 6.49% | $126.00 | 80.72% |
| 6605.TW | Depo Auto Parts Industrial Co., Ltd. | 6.49% | $8.93 | 65.56% |
| INCLU.BR | Inclusio S.A. | 6.49% | $1.16 | 17.79% |
| TUGU.JK | PT Asuransi Tugu Pratama Indonesia Tbk | 6.49% | $76.89 | 36.75% |
| 014580.KS | Taekyung Bk Co., Ltd | 6.48% | $298.23 | 30.77% |
| 3485.TWO | Eclat Forever Machinery Co., Ltd. | 6.48% | $8.87 | 69.07% |
| 3933.HK | The United Laboratories International Holdings Limited | 6.48% | $0.76 | 23.13% |
| JBH.AX | JB Hi-Fi Limited | 6.48% | $6.24 | 75.94% |
| SGLLV.AX | Ricegrowers Limited | 6.48% | $1.07 | 54.55% |
| SJOVA.IC | Sjóvá-Almennar tryggingar hf. | 6.48% | $2.83 | 90.10% |
| 010960.KS | Samho Development Co., Ltd. | 6.47% | $239.21 | 28.41% |
| FIBRAMQ12.MX | FIBRA Macquarie México | 6.47% | $2.19 | 39.90% |
| FWD.AX | Fleetwood Limited | 6.47% | $0.18 | 94.88% |
| VLID3.SA | Valid Soluções S.A. | 6.46% | $1.36 | 44.64% |
| 214320.KS | Innocean Worldwide Inc. | 6.45% | $1,180.09 | 56.54% |
| 3481.T | Mitsubishi Estate Logistics REIT Investment Corporation | 6.45% | $8,568.43 | 74.88% |
| TMW.BK | Thai Mitsuwa Public Company Limited | 6.45% | $3.61 | 27.20% |
| IMPACT.BK | Impact Growth Real Estate Investment Trust | 6.44% | $0.67 | 90.64% |
| 1969.HK | China Chunlai Education Group Co., Ltd. | 6.43% | $0.23 | 18.54% |
| ALICA.PA | Icape Holding S.A. | 6.43% | $0.38 | 45.20% |
| KBANK-R.BK | Kasikornbank Public Company Limited | 6.43% | $12.50 | 59.49% |
| KUMWEL.BK | Kumwell Corporation Public Company Limited | 6.43% | $0.07 | 45.73% |
| SLL.DE | SBO AG | 6.42% | $1.75 | 84.82% |
| TFF.PA | TFF Group | 6.42% | $1.23 | 30.40% |
| 8958.T | Global One Real Estate Investment Corp. | 6.41% | $8,838.24 | 59.36% |
| AALLON.HE | Aallon Group Oyj | 6.41% | $0.68 | 63.85% |
| PL8.AX | Plato Income Maximiser Limited | 6.41% | $0.09 | 47.21% |
| PTT-R.BK | PTT Public Company Limited | 6.41% | $2.05 | 78.59% |
| 461300.KQ | i-Scream Media Co. Ltd. | 6.39% | $1,098.51 | 44.35% |
| FLRY3.SA | Fleury S.A. | 6.39% | $0.95 | 86.00% |
| 000666.SZ | Jingwei Textile Machinery Company Limited | 6.38% | $0.57 | 40.17% |
| 013870.KS | GMB Korea Corp. | 6.38% | $256.35 | 27.15% |
| 2669.HK | China Overseas Property Holdings Limited | 6.38% | $0.29 | 29.88% |
| NRP.AS | NEPI Rockcastle S.A. | 6.38% | $0.47 | 30.96% |
| 2247.TW | Pan German Universal Motors Ltd. | 6.37% | $17.96 | 78.50% |
| MSC.BK | Metro Systems Corporation Public Company Limited | 6.37% | $0.50 | 73.61% |
| 017800.KS | Hyundai Elevator Co., Ltd | 6.36% | $5,588.04 | 85.50% |
| 035250.KS | Kangwon Land, Inc. | 6.36% | $1,169.57 | 64.65% |
| 5108.T | Bridgestone Corporation | 6.36% | $223.54 | 63.02% |
| FSHOP13.MX | Fibra Shop | 6.36% | $0.58 | 14.91% |
| FTREIT.BK | Frasers Property Thailand Industrial Freehold & Leasehold REIT | 6.36% | $0.75 | 82.90% |
| 0RG6.L | Flughafen Zürich AG | 6.35% | $11.00 | 51.63% |
| 0ZQ7.L | Instone Real Estate Group SE | 6.35% | $0.50 | 79.32% |
| ENEL.MI | Enel S.p.A. | 6.35% | $0.57 | 90.97% |
| STANLY.BK | Thai Stanley Electric Public Company Limited | 6.35% | $12.00 | 52.87% |
| TASCO-R.BK | Tipco Asphalt Public Company Limited | 6.35% | $0.87 | 88.88% |
| 603279.SS | Jingjin Equipment Inc. | 6.34% | $1.07 | 99.67% |