Definitive Analysis
| Stable Growth | $1,494,218.26 - $5,272,633.59 | $4,941,229.85 |
| Multi-Stage | $670,098.12 - $733,414.76 | $701,175.34 |
| Blended Fair Value | $2,821,202.59 | |
| Current Price | $138,500.00 | |
| Upside | 1,936.97% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 20.45% | 16.82% | 5,319.83 | 4,631.37 | 3,604.16 | 2,231.24 | 1,697.16 | 2,098.44 | 2,438.36 | 1,811.45 | 1,702.53 | 1,597.30 |
| YoY Growth | - | - | 14.87% | 28.50% | 61.53% | 31.47% | -19.12% | -13.94% | 34.61% | 6.40% | 6.59% | 42.14% |
| Dividend Yield | - | - | 6.00% | 4.97% | 4.81% | 3.19% | 3.59% | 6.04% | 3.51% | 2.79% | 2.66% | 2.10% |
| Net Income To Common (M) | 1,594,728.08 |
| (-) Cash Dividends Paid (M) | 409,176.00 |
| (=) Cash Retained (M) | 1,185,552.08 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 318,945.62 | 199,341.01 | 119,604.61 |
| Cash Retained (M) | 1,185,552.08 | 1,185,552.08 | 1,185,552.08 |
| (-) Cash Required (M) | -318,945.62 | -199,341.01 | -119,604.61 |
| (=) Excess Retained (M) | 866,606.46 | 986,211.07 | 1,065,947.47 |
| (/) Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| (=) Excess Retained per Share | 14,407.30 | 16,395.73 | 17,721.34 |
| LTM Dividend per Share | 6,802.54 | 6,802.54 | 6,802.54 |
| (+) Excess Retained per Share | 14,407.30 | 16,395.73 | 17,721.34 |
| (=) Adjusted Dividend | 21,209.84 | 23,198.26 | 24,523.88 |
| WACC / Discount Rate | 7.00% | 7.00% | 7.00% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,494,218.26 | $4,941,229.85 | $5,272,633.59 |
| Upside / Downside | 978.86% | 3,467.67% | 3,706.96% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,594,728.08 | 1,698,385.40 | 1,808,780.46 | 1,926,351.19 | 2,051,564.01 | 2,184,915.67 | 2,250,463.14 |
| Payout Ratio | 25.66% | 38.53% | 51.39% | 64.26% | 77.13% | 90.00% | 92.50% |
| Projected Dividends (M) | 409,176.00 | 654,327.32 | 929,619.55 | 1,237,935.24 | 1,582,404.32 | 1,966,424.11 | 2,081,678.41 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.00% | 7.00% | 7.00% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 605,792.86 | 611,534.98 | 617,277.09 |
| Year 2 PV (M) | 796,825.90 | 812,003.19 | 827,323.67 |
| Year 3 PV (M) | 982,392.89 | 1,010,593.86 | 1,039,329.43 |
| Year 4 PV (M) | 1,162,609.43 | 1,207,320.11 | 1,253,308.14 |
| Year 5 PV (M) | 1,337,588.94 | 1,402,194.98 | 1,469,273.65 |
| PV of Terminal Value (M) | 35,421,527.13 | 37,132,400.14 | 38,908,752.28 |
| Equity Value (M) | 40,306,737.16 | 42,176,047.27 | 44,115,264.27 |
| Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| Fair Value | $670,098.12 | $701,175.34 | $733,414.76 |
| Upside / Downside | 383.83% | 406.26% | 429.54% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| PZU.WA | Powszechny Zaklad Ubezpieczen S.A. | 6.34% | $4.34 | 61.18% |
| TIMS3.SA | TIM S.A. | 6.34% | $1.37 | 82.19% |
| 5027.KL | Kim Loong Resources Berhad | 6.33% | $0.15 | 90.58% |
| 600177.SS | Youngor Group Co.,Ltd | 6.33% | $0.48 | 85.43% |
| MQG.AX | Macquarie Group Limited | 6.33% | $12.89 | 67.45% |
| 1286.HK | Impro Precision Industries Limited | 6.32% | $0.32 | 47.46% |
| 2199.HK | Regina Miracle International (Holdings) Limited | 6.32% | $0.15 | 51.30% |
| 4331.SR | Aljazira Mawten REIT Fund | 6.32% | $0.74 | 71.72% |
| 8284.TWO | Mitake Information Corporation | 6.32% | $3.99 | 88.71% |
| B7E.DE | Blue Cap AG | 6.32% | $1.09 | 45.09% |
| SHAF.SW | Schaeffler AG | 6.32% | $0.46 | 99.67% |
| 2069.TW | Yuen Chang Stainless Steel Co., Ltd. | 6.31% | $1.16 | 72.53% |
| 603369.SS | Jiangsu King's Luck Brewery Joint-Stock Co., Ltd. | 6.31% | $2.20 | 95.23% |
| 035600.KQ | Kginicis Co.,Ltd | 6.30% | $640.74 | 33.42% |
| 3859.KL | Magnum Berhad | 6.30% | $0.09 | 63.20% |
| 600582.SS | Tiandi Science & Technology Co.Ltd | 6.29% | $0.37 | 54.45% |
| 6281.TW | E-Life Corporation | 6.29% | $3.97 | 96.34% |
| 8953.T | Japan Metropolitan Fund Investment Corporation | 6.29% | $7,808.75 | 82.66% |
| KYE.BK | Kang Yong Electric Public Company Limited | 6.29% | $17.80 | 46.83% |
| 3130.TW | 104 Corporation | 6.28% | $14.07 | 98.54% |
| 601658.SS | Postal Savings Bank of China Co., Ltd. | 6.28% | $0.34 | 46.63% |
| 005257.KS | Green Cross Holdings Corporation | 6.27% | $1,649.85 | 33.43% |
| 4138.TWO | Dynamic Medical Technologies Inc. | 6.27% | $3.77 | 85.97% |
| 4383.KL | Jaya Tiasa Holdings Berhad | 6.27% | $0.07 | 40.20% |
| AH-R.BK | AAPICO Hitech Public Company Limited | 6.27% | $0.79 | 35.60% |
| 1093.HK | CSPC Pharmaceutical Group Limited | 6.26% | $0.53 | 59.84% |
| 1397.HK | Baguio Green Group Limited | 6.26% | $0.07 | 21.64% |
| 005440.KS | Hyundai Green Food Co.,Ltd. | 6.25% | $501.53 | 14.65% |
| 0506.HK | China Foods Limited | 6.25% | $0.27 | 44.98% |
| 0RFX.L | Bell Food Group AG | 6.25% | $14.00 | 34.79% |
| 1345.HK | Shanghai Pioneer Holding Ltd | 6.25% | $0.14 | 61.06% |
| M-PAT.BK | MFC Patong Heritage Property Fund | 6.25% | $0.12 | 67.74% |
| PRV-UN.TO | Pro Real Estate Investment Trust | 6.25% | $0.41 | 77.89% |
| 2006.TW | Tung Ho Steel Enterprise Corporation | 6.24% | $3.99 | 66.06% |
| 600867.SS | Tonghua Dongbao Pharmaceutical Co., Ltd. | 6.24% | $0.51 | 80.83% |
| CEKA.JK | PT Wilmar Cahaya Indonesia Tbk. | 6.22% | $149.79 | 33.39% |
| TSFA.F | Taiwan Semiconductor Manufacturing Company Limited | 6.22% | $17.00 | 27.78% |
| 002061.SZ | Zhejiang Communications Technology Co., Ltd. | 6.21% | $0.25 | 55.66% |
| 003410.KS | SsangYong C&E Co., Ltd. | 6.21% | $434.43 | 84.58% |
| 6170.TWO | Welldone Company | 6.21% | $3.08 | 64.20% |
| 7480.T | Suzuden Corporation | 6.21% | $104.59 | 87.83% |
| HMPRO-R.BK | Home Product Center Public Company Limited | 6.21% | $0.41 | 87.39% |
| IPCC.JK | PT Indonesia Kendaraan Terminal Tbk | 6.21% | $86.96 | 64.44% |
| 4532.TW | Rechi Precision Co., Ltd. | 6.20% | $1.51 | 72.65% |
| OPM.PA | OPmobility | 6.20% | $1.02 | 44.93% |
| BCVN.SW | Banque Cantonale Vaudoise | 6.19% | $6.21 | 68.66% |
| MF.PA | Wendel | 6.19% | $5.05 | 81.14% |
| OVS.MI | OVS S.p.A. | 6.19% | $0.30 | 79.04% |
| A5G.IR | AIB Group plc | 6.18% | $0.58 | 48.87% |
| BEK-B.TO | The Becker Milk Company Limited | 6.18% | $0.80 | 47.42% |