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 % ⇵ |
|---|---|---|---|---|
| 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% |