Definitive Analysis
| Stable Growth | $30,854.73 - $111,321.37 | $98,205.37 |
| Multi-Stage | $14,471.16 - $15,812.82 | $15,129.78 |
| Blended Fair Value | $56,667.57 | |
| Current Price | $4,120.00 | |
| Upside | 1,275.43% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 22.74% | 14.43% | 280.46 | 196.50 | 73.09 | 22.00 | 103.18 | 100.70 | 127.85 | 106.46 | 60.81 | 72.31 |
| YoY Growth | - | - | 42.73% | 168.84% | 232.23% | -78.68% | 2.46% | -21.23% | 20.09% | 75.07% | -15.91% | -0.76% |
| Dividend Yield | - | - | 6.61% | 3.48% | 1.56% | 0.53% | 3.60% | 5.27% | 2.72% | 2.45% | 1.88% | 2.78% |
| Net Income To Common (M) | 20,866,036.00 |
| (-) Cash Dividends Paid (M) | 13,951,339.00 |
| (=) Cash Retained (M) | 6,914,697.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 4,173,207.20 | 2,608,254.50 | 1,564,952.70 |
| Cash Retained (M) | 6,914,697.00 | 6,914,697.00 | 6,914,697.00 |
| (-) Cash Required (M) | -4,173,207.20 | -2,608,254.50 | -1,564,952.70 |
| (=) Excess Retained (M) | 2,741,489.80 | 4,306,442.50 | 5,349,744.30 |
| (/) Shares Outstanding (M) | 37,277.06 | 37,277.06 | 37,277.06 |
| (=) Excess Retained per Share | 73.54 | 115.53 | 143.51 |
| LTM Dividend per Share | 374.26 | 374.26 | 374.26 |
| (+) Excess Retained per Share | 73.54 | 115.53 | 143.51 |
| (=) Adjusted Dividend | 447.80 | 489.79 | 517.77 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $30,854.73 | $98,205.37 | $111,321.37 |
| Upside / Downside | 648.90% | 2,283.63% | 2,601.98% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 20,866,036.00 | 22,222,328.34 | 23,666,779.68 | 25,205,120.36 | 26,843,453.18 | 28,588,277.64 | 29,445,925.97 |
| Payout Ratio | 66.86% | 71.49% | 76.12% | 80.74% | 85.37% | 90.00% | 92.50% |
| Projected Dividends (M) | 13,951,339.00 | 15,886,559.93 | 18,014,415.17 | 20,351,770.88 | 22,916,871.93 | 25,729,449.88 | 27,237,481.52 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 14,703,560.32 | 14,842,930.56 | 14,982,300.80 |
| Year 2 PV (M) | 15,431,404.38 | 15,725,329.29 | 16,022,027.07 |
| Year 3 PV (M) | 16,135,414.69 | 16,598,604.46 | 17,070,574.82 |
| Year 4 PV (M) | 16,816,124.21 | 17,462,824.89 | 18,128,001.36 |
| Year 5 PV (M) | 17,474,055.54 | 18,318,058.96 | 19,194,364.37 |
| PV of Terminal Value (M) | 458,881,687.43 | 481,045,844.51 | 504,058,276.06 |
| Equity Value (M) | 539,442,246.57 | 563,993,592.68 | 589,455,544.49 |
| Shares Outstanding (M) | 37,277.06 | 37,277.06 | 37,277.06 |
| Fair Value | $14,471.16 | $15,129.78 | $15,812.82 |
| Upside / Downside | 251.24% | 267.23% | 283.81% |
| 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% |