Definitive Analysis
| Stable Growth | $83,283.66 - $268,946.70 | $252,042.45 |
| Multi-Stage | $35,063.84 - $38,398.44 | $36,700.45 |
| Blended Fair Value | $144,371.45 | |
| Current Price | $6,130.00 | |
| Upside | 2,255.16% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 4.11% | 26.95% | 190.93 | 411.48 | 252.75 | 238.47 | 435.35 | 156.14 | 171.58 | 72.89 | 34.92 | 43.23 |
| YoY Growth | - | - | -53.60% | 62.80% | 5.99% | -45.22% | 178.82% | -9.00% | 135.40% | 108.72% | -19.22% | 146.25% |
| Dividend Yield | - | - | 3.11% | 6.29% | 5.48% | 8.43% | 8.39% | 3.65% | 4.61% | 2.04% | 0.67% | 2.06% |
| Net Income To Common (M) | 822,095.09 |
| (-) Cash Dividends Paid (M) | 116,069.24 |
| (=) Cash Retained (M) | 706,025.84 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 164,419.02 | 102,761.89 | 61,657.13 |
| Cash Retained (M) | 706,025.84 | 706,025.84 | 706,025.84 |
| (-) Cash Required (M) | -164,419.02 | -102,761.89 | -61,657.13 |
| (=) Excess Retained (M) | 541,606.83 | 603,263.96 | 644,368.71 |
| (/) Shares Outstanding (M) | 607.91 | 607.91 | 607.91 |
| (=) Excess Retained per Share | 890.94 | 992.36 | 1,059.98 |
| LTM Dividend per Share | 190.93 | 190.93 | 190.93 |
| (+) Excess Retained per Share | 890.94 | 992.36 | 1,059.98 |
| (=) Adjusted Dividend | 1,081.87 | 1,183.30 | 1,250.91 |
| WACC / Discount Rate | 6.87% | 6.87% | 6.87% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $83,283.66 | $252,042.45 | $268,946.70 |
| Upside / Downside | 1,258.62% | 4,011.62% | 4,287.39% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 822,095.09 | 875,531.27 | 932,440.80 | 993,049.45 | 1,057,597.66 | 1,126,341.51 | 1,160,131.76 |
| Payout Ratio | 14.12% | 29.29% | 44.47% | 59.65% | 74.82% | 90.00% | 92.50% |
| Projected Dividends (M) | 116,069.24 | 256,486.62 | 414,667.87 | 592,329.02 | 791,334.15 | 1,013,707.36 | 1,073,121.88 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.87% | 6.87% | 6.87% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 237,744.16 | 239,997.66 | 242,251.16 |
| Year 2 PV (M) | 356,279.37 | 363,065.49 | 369,915.63 |
| Year 3 PV (M) | 471,735.37 | 485,277.20 | 499,075.74 |
| Year 4 PV (M) | 584,171.66 | 606,637.25 | 629,744.67 |
| Year 5 PV (M) | 693,646.69 | 727,150.08 | 761,935.73 |
| PV of Terminal Value (M) | 18,971,923.32 | 19,888,274.31 | 20,839,696.21 |
| Equity Value (M) | 21,315,500.56 | 22,310,401.99 | 23,342,619.13 |
| Shares Outstanding (M) | 607.91 | 607.91 | 607.91 |
| Fair Value | $35,063.84 | $36,700.45 | $38,398.44 |
| Upside / Downside | 472.00% | 498.70% | 526.40% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| SIGI | Selective Insurance Group, Inc. | 1.77% | $1.48 | 22.19% |
| FUSB | First US Bancshares, Inc. | 1.76% | $0.25 | 26.72% |
| R | Ryder System, Inc. | 1.76% | $3.41 | 28.29% |
| RGA | Reinsurance Group of America, Incorporated | 1.75% | $3.55 | 27.34% |
| TFG.AS | Tetragon Financial Group Limited | 1.75% | $0.30 | 3.32% |
| WFC | Wells Fargo & Company | 1.75% | $1.67 | 25.46% |
| HCKT | The Hackett Group, Inc. | 1.74% | $0.34 | 85.97% |
| LEG | Leggett & Platt, Incorporated | 1.74% | $0.19 | 11.94% |
| RPRX | Royalty Pharma plc | 1.74% | $0.67 | 49.36% |
| SFBC | Sound Financial Bancorp, Inc. | 1.74% | $0.76 | 37.96% |
| SXT | Sensient Technologies Corporation | 1.74% | $1.63 | 50.00% |
| MKTX | MarketAxess Holdings Inc. | 1.73% | $3.09 | 52.31% |
| PRG | PROG Holdings, Inc. | 1.73% | $0.51 | 12.57% |
| STEL | Stellar Bancorp, Inc. | 1.73% | $0.53 | 26.88% |
| UFCS | United Fire Group, Inc. | 1.73% | $0.62 | 14.63% |
| AMAL | Amalgamated Financial Corp. | 1.72% | $0.55 | 16.32% |
| BK | The Bank of New York Mellon Corporation | 1.72% | $2.01 | 27.06% |
| COWN | Cowen Inc. | 1.72% | $0.67 | 33.32% |
| DG | Dollar General Corporation | 1.72% | $2.35 | 40.66% |
| AMKR | Amkor Technology, Inc. | 1.71% | $0.73 | 59.04% |
| DTF | DTF Tax-Free Income 2028 Term Fund Inc. | 1.71% | $0.20 | 80.42% |
| ERIE | Erie Indemnity Company | 1.71% | $4.75 | 38.59% |
| FLXS | Flexsteel Industries, Inc. | 1.71% | $0.68 | 17.01% |
| MTCH | Match Group, Inc. | 1.71% | $0.54 | 25.07% |
| LBRT | Liberty Energy Inc. | 1.70% | $0.32 | 28.43% |
| OVBC | Ohio Valley Banc Corp. | 1.70% | $0.67 | 28.36% |
| WTFC | Wintrust Financial Corporation | 1.70% | $2.43 | 20.92% |
| BANF | BancFirst Corporation | 1.69% | $1.80 | 25.72% |
| BDL | Flanigan's Enterprises, Inc. | 1.69% | $0.50 | 21.50% |
| CDHAX | Calvert International Responsible Idx A | 1.69% | $0.64 | 41.92% |
| CINR | Sisecam Resources LP | 1.69% | $0.34 | 19.21% |
| EXPO | Exponent, Inc. | 1.69% | $1.18 | 58.07% |
| GD | General Dynamics Corporation | 1.69% | $5.80 | 37.41% |
| HQI | HireQuest, Inc. | 1.69% | $0.18 | 36.36% |
| OTF | Blue Owl Technology Finance Corp. | 1.69% | $0.24 | 9.20% |
| PHIN | PHINIA Inc. | 1.68% | $1.09 | 47.78% |
| PTRS | Partners Bancorp | 1.68% | $0.12 | 13.62% |
| RNGR | Ranger Energy Services, Inc. | 1.67% | $0.24 | 34.90% |
| HQH | Abrdn Healthcare Investors | 1.66% | $0.31 | 6.95% |
| JILL | J.Jill, Inc. | 1.66% | $0.23 | 10.45% |
| PSH.AS | Pershing Square Holdings, Ltd. | 1.65% | $0.85 | 6.48% |
| SKT | Tanger Inc. | 1.65% | $0.55 | 58.16% |
| USCB | USCB Financial Holdings, Inc. | 1.64% | $0.30 | 18.70% |
| BOTJ | Bank of the James Financial Group, Inc. | 1.62% | $0.30 | 26.41% |
| RS | Reliance Steel & Aluminum Co. | 1.62% | $4.78 | 34.66% |
| SCI | Service Corporation International | 1.62% | $1.25 | 33.57% |
| SMLP | Summit Midstream Partners, LP | 1.62% | $0.59 | 6.02% |
| TKR | The Timken Company | 1.62% | $1.40 | 32.90% |
| TRINL | Trinity Capital Inc. - 7.00% No | 1.62% | $0.41 | 20.50% |
| CARR | Carrier Global Corporation | 1.61% | $0.86 | 18.56% |