Definitive Analysis
| Stable Growth | $9,329,804.29 - $10,992,090.22 | $10,301,198.31 |
| Multi-Stage | $1,955,186.60 - $2,143,135.70 | $2,047,421.01 |
| Blended Fair Value | $6,174,309.66 | |
| Current Price | $1,107,000.00 | |
| Upside | 457.75% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 73.06% | 16.25% | 2,527.29 | 1,067.23 | 747.06 | 640.85 | 367.88 | 162.81 | 10.45 | 0.00 | 336.38 | 12.80 |
| YoY Growth | - | - | 136.81% | 42.86% | 16.57% | 74.20% | 125.95% | 1,458.66% | 0.00% | -100.00% | 2,528.14% | -97.72% |
| Dividend Yield | - | - | 0.41% | 0.52% | 0.76% | 1.24% | 0.91% | 0.80% | 0.03% | 0.00% | 0.72% | 0.03% |
| Net Income To Common (M) | 2,618,963.95 |
| (-) Cash Dividends Paid (M) | 223,787.69 |
| (=) Cash Retained (M) | 2,395,176.26 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 523,792.79 | 327,370.49 | 196,422.30 |
| Cash Retained (M) | 2,395,176.26 | 2,395,176.26 | 2,395,176.26 |
| (-) Cash Required (M) | -523,792.79 | -327,370.49 | -196,422.30 |
| (=) Excess Retained (M) | 1,871,383.47 | 2,067,805.77 | 2,198,753.96 |
| (/) Shares Outstanding (M) | 47.38 | 47.38 | 47.38 |
| (=) Excess Retained per Share | 39,494.20 | 43,639.56 | 46,403.12 |
| LTM Dividend per Share | 4,722.88 | 4,722.88 | 4,722.88 |
| (+) Excess Retained per Share | 39,494.20 | 43,639.56 | 46,403.12 |
| (=) Adjusted Dividend | 44,217.08 | 48,362.43 | 51,126.00 |
| WACC / Discount Rate | 5.88% | 5.88% | 5.88% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $9,329,804.29 | $10,301,198.31 | $10,992,090.22 |
| Upside / Downside | 742.80% | 830.55% | 892.96% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 2,618,963.95 | 2,789,196.60 | 2,970,494.38 | 3,163,576.52 | 3,369,208.99 | 3,588,207.57 | 3,695,853.80 |
| Payout Ratio | 8.54% | 24.84% | 41.13% | 57.42% | 73.71% | 90.00% | 92.50% |
| Projected Dividends (M) | 223,787.69 | 692,722.50 | 1,221,673.33 | 1,816,461.02 | 2,483,409.54 | 3,229,386.82 | 3,418,664.77 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.88% | 5.88% | 5.88% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 648,131.86 | 654,275.29 | 660,418.72 |
| Year 2 PV (M) | 1,069,456.81 | 1,089,826.96 | 1,110,389.28 |
| Year 3 PV (M) | 1,487,778.64 | 1,530,487.42 | 1,574,005.82 |
| Year 4 PV (M) | 1,903,113.38 | 1,976,301.75 | 2,051,581.06 |
| Year 5 PV (M) | 2,315,476.96 | 2,427,315.37 | 2,543,434.09 |
| PV of Terminal Value (M) | 85,220,115.22 | 89,336,278.65 | 93,609,977.34 |
| Equity Value (M) | 92,644,072.88 | 97,014,485.44 | 101,549,806.31 |
| Shares Outstanding (M) | 47.38 | 47.38 | 47.38 |
| Fair Value | $1,955,186.60 | $2,047,421.01 | $2,143,135.70 |
| Upside / Downside | 76.62% | 84.95% | 93.60% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 0K58.L | NOV Inc. | 1.29% | $0.20 | 15.83% |
| CON | Concentra Group Holdings Parent, Inc. | 1.29% | $0.25 | 20.88% |
| CSGS | CSG Systems International, Inc. | 1.28% | $0.98 | 32.90% |
| CSL | Carlisle Companies Incorporated | 1.28% | $4.20 | 23.23% |
| JKHY | Jack Henry & Associates, Inc. | 1.28% | $2.29 | 34.69% |
| MSA | MSA Safety Incorporated | 1.28% | $2.08 | 29.19% |
| PAHC | Phibro Animal Health Corporation | 1.28% | $0.48 | 28.68% |
| WMG | Warner Music Group Corp. | 1.28% | $0.39 | 61.67% |
| 0K4C.L | NRG Energy, Inc. | 1.27% | $2.10 | 28.38% |
| DCI | Donaldson Company, Inc. | 1.27% | $1.14 | 35.14% |
| TEX | Terex Corporation | 1.27% | $0.70 | 29.49% |
| BCC | Boise Cascade Company | 1.26% | $0.93 | 18.09% |
| BCML | BayCom Corp | 1.25% | $0.36 | 16.94% |
| MSCI | MSCI Inc. | 1.25% | $7.07 | 44.68% |
| PRMW | Primo Water Corporation | 1.25% | $0.35 | 61.28% |
| ESI | Element Solutions Inc | 1.24% | $0.32 | 32.50% |
| LECO | Lincoln Electric Holdings, Inc. | 1.23% | $3.00 | 31.76% |
| MCRI | Monarch Casino & Resort, Inc. | 1.23% | $1.18 | 26.69% |
| PBI-PB | Pitney Bowes Inc. NT 43 | 1.23% | $0.25 | 61.37% |
| RJF | Raymond James Financial, Inc. | 1.23% | $2.01 | 19.48% |
| WFRD | Weatherford International plc | 1.23% | $1.00 | 17.78% |
| AMP | Ameriprise Financial, Inc. | 1.22% | $6.04 | 16.30% |
| BRC | Brady Corporation | 1.22% | $0.96 | 23.25% |
| GCBC | Greene County Bancorp, Inc. | 1.21% | $0.26 | 13.26% |
| RICK | RCI Hospitality Holdings, Inc. | 1.21% | $0.28 | 15.00% |
| ABC | AmerisourceBergen Corporation | 1.20% | $2.25 | 28.12% |
| EQBK | Equity Bancshares, Inc. | 1.20% | $0.54 | 58.24% |
| HMNF | HMN Financial, Inc. | 1.20% | $0.34 | 28.27% |
| IBP | Installed Building Products, Inc. | 1.20% | $3.22 | 34.18% |
| CHH | Choice Hotels International, Inc. | 1.19% | $1.15 | 13.93% |
| EQC | Equity Commonwealth | 1.19% | $0.02 | 8.60% |
| FLS | Flowserve Corporation | 1.19% | $0.84 | 24.35% |
| ICE | Intercontinental Exchange, Inc. | 1.19% | $1.90 | 33.71% |
| LNN | Lindsay Corporation | 1.19% | $1.44 | 21.27% |
| INGM | Ingram Micro Holding Corporation | 1.18% | $0.25 | 20.42% |
| RBA | RB Global, Inc. | 1.18% | $1.22 | 52.13% |
| SEIC | SEI Investments Company | 1.18% | $0.98 | 17.66% |
| HEES | H&E Equipment Services, Inc. | 1.17% | $1.11 | 44.29% |
| WSFS | WSFS Financial Corporation | 1.17% | $0.64 | 13.17% |
| ASTE | Astec Industries, Inc. | 1.16% | $0.52 | 24.84% |
| GFGD | The Growth for Good Acquisition Corporation | 1.16% | $0.12 | 42.35% |
| HUBG | Hub Group, Inc. | 1.16% | $0.50 | 28.58% |
| NWS | News Corporation | 1.16% | $0.35 | 16.79% |
| FCX | Freeport-McMoRan Inc. | 1.15% | $0.60 | 41.87% |
| GFF | Griffon Corporation | 1.15% | $0.86 | 77.66% |
| LH | Labcorp Holdings Inc. | 1.15% | $2.89 | 28.24% |
| YAFIX | AMG Funds - AMG Yacktman Focused Fund | 1.15% | $0.22 | 27.84% |
| 0L1G.L | SS&C Technologies Holdings, Inc. | 1.14% | $0.99 | 29.41% |
| 0M29.L | Xylem Inc. | 1.14% | $1.56 | 40.08% |
| DHI | D.R. Horton, Inc. | 1.14% | $1.66 | 13.80% |