Definitive Analysis
| Stable Growth | $1,540,604.70 - $3,684,786.14 | $3,453,184.25 |
| Multi-Stage | $534,291.05 - $585,142.35 | $559,248.26 |
| Blended Fair Value | $2,006,216.25 | |
| Current Price | $165,400.00 | |
| Upside | 1,112.95% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 13.81% | 15.43% | 3,150.02 | 2,850.02 | 1,900.01 | 1,750.01 | 1,750.01 | 1,650.01 | 1,500.01 | 1,500.01 | 1,500.01 | 1,000.01 |
| YoY Growth | - | - | 10.53% | 50.00% | 8.57% | 0.00% | 6.06% | 10.00% | 0.00% | 0.00% | 50.00% | 33.33% |
| Dividend Yield | - | - | 2.80% | 3.26% | 2.40% | 1.82% | 1.87% | 3.64% | 2.32% | 1.78% | 2.04% | 1.06% |
| Net Income To Common (M) | 1,389,602.10 |
| (-) Cash Dividends Paid (M) | 277,500.00 |
| (=) Cash Retained (M) | 1,112,102.10 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 277,920.42 | 173,700.26 | 104,220.16 |
| Cash Retained (M) | 1,112,102.10 | 1,112,102.10 | 1,112,102.10 |
| (-) Cash Required (M) | -277,920.42 | -173,700.26 | -104,220.16 |
| (=) Excess Retained (M) | 834,181.68 | 938,401.84 | 1,007,881.95 |
| (/) Shares Outstanding (M) | 75.00 | 75.00 | 75.00 |
| (=) Excess Retained per Share | 11,122.50 | 12,512.11 | 13,438.52 |
| LTM Dividend per Share | 3,700.02 | 3,700.02 | 3,700.02 |
| (+) Excess Retained per Share | 11,122.50 | 12,512.11 | 13,438.52 |
| (=) Adjusted Dividend | 14,822.52 | 16,212.13 | 17,138.54 |
| WACC / Discount Rate | 6.52% | 6.52% | 6.52% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,540,604.70 | $3,453,184.25 | $3,684,786.14 |
| Upside / Downside | 831.44% | 1,987.78% | 2,127.80% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,389,602.10 | 1,479,926.24 | 1,576,121.45 | 1,678,569.34 | 1,787,676.35 | 1,903,875.31 | 1,960,991.57 |
| Payout Ratio | 19.97% | 33.98% | 47.98% | 61.99% | 75.99% | 90.00% | 92.50% |
| Projected Dividends (M) | 277,500.00 | 502,816.72 | 756,252.18 | 1,040,509.85 | 1,358,525.85 | 1,713,487.78 | 1,813,917.20 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.52% | 6.52% | 6.52% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 467,629.21 | 472,061.71 | 476,494.22 |
| Year 2 PV (M) | 654,109.52 | 666,568.47 | 679,144.96 |
| Year 3 PV (M) | 836,993.23 | 861,020.29 | 885,502.84 |
| Year 4 PV (M) | 1,016,331.93 | 1,055,417.19 | 1,095,619.08 |
| Year 5 PV (M) | 1,192,176.59 | 1,249,759.16 | 1,309,545.56 |
| PV of Terminal Value (M) | 35,904,320.90 | 37,638,513.02 | 39,439,076.76 |
| Equity Value (M) | 40,071,561.37 | 41,943,339.85 | 43,885,383.41 |
| Shares Outstanding (M) | 75.00 | 75.00 | 75.00 |
| Fair Value | $534,291.05 | $559,248.26 | $585,142.35 |
| Upside / Downside | 223.03% | 238.12% | 253.77% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 002293.SZ | Luolai Lifestyle Technology Co., Ltd. | 5.90% | $0.61 | 98.42% |
| KLBN11.SA | Klabin S.A. | 5.90% | $1.13 | 79.59% |
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| 4006.KL | Oriental Holdings Berhad | 5.88% | $0.40 | 91.37% |
| 7231.KL | Wellcall Holdings Berhad | 5.88% | $0.08 | 98.90% |
| ALBAV.HE | Ålandsbanken Abp | 5.88% | $2.83 | 80.11% |
| HSPG.OL | Høland og Setskog Sparebank | 5.88% | $9.00 | 9.64% |
| TAEE3.SA | Transmissora Aliança de Energia Elétrica S.A. | 5.88% | $0.82 | 49.16% |
| 095570.KS | AJ Networks Co.,Ltd. | 5.87% | $269.89 | 46.78% |
| CONSTI.HE | Consti Oyj | 5.87% | $0.63 | 79.88% |
| DEDI.ST | Dedicare AB (publ) | 5.87% | $2.50 | 59.86% |
| SUC.BK | Saha-Union Public Company Limited | 5.87% | $1.60 | 26.76% |
| 0QQF.L | Mikron Holding AG | 5.85% | $1.20 | 32.60% |
| 0RNX.L | Ambea AB (publ) | 5.85% | $2.19 | 27.21% |
| 3459.T | Samty Residential Investment Corporation | 5.85% | $6,816.28 | 84.59% |
| PLAT.AT | Thrace Plastics Holding Company S.A. | 5.85% | $0.24 | 85.91% |
| 7229.KL | Favelle Favco Berhad | 5.84% | $0.09 | 31.57% |
| M-II.BK | MFC Industrial Investment Property and Leasehold Fund | 5.83% | $0.35 | 44.44% |
| NOHO.HE | NoHo Partners Oyj | 5.83% | $0.48 | 29.48% |
| 0QN7.L | Vaudoise Assurances Holding S.A. | 5.82% | $42.41 | 42.05% |
| 4164.SR | Nahdi Medical Company | 5.81% | $5.60 | 89.58% |
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| PPA.AT | Piraeus Port Authority S.A. | 5.81% | $2.38 | 38.50% |
| WHA-R.BK | WHA Corporation Public Company Limited | 5.81% | $0.19 | 57.71% |
| MULTI.OL | Multiconsult ASA | 5.80% | $10.18 | 91.58% |
| QIMD.QA | Qatar Industrial Manufacturing Company Q.P.S.C. | 5.80% | $0.14 | 48.99% |
| 000791.SZ | GEPIC Energy Development Co., Ltd. | 5.79% | $0.37 | 46.47% |
| 0NFS.L | Esprinet S.p.A. | 5.79% | $0.36 | 93.72% |
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| 5299.TWO | Excelliance MOS Corporation | 5.78% | $4.14 | 93.57% |
| 8987.T | Japan Excellent, Inc. | 5.78% | $8,618.11 | 68.54% |
| 9528.SR | Gas Arabian Services Company | 5.78% | $0.98 | 77.70% |
| PLS.AX | PLS Group Limited | 5.78% | $0.25 | 56.17% |
| 1104.HK | APAC Resources Limited | 5.77% | $0.15 | 33.87% |
| 9525.SR | Alwasail Industrial Company | 5.77% | $0.20 | 85.38% |
| CBA.AX | Commonwealth Bank of Australia | 5.77% | $9.30 | 79.76% |
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| 601088.SS | China Shenhua Energy Company Limited | 5.76% | $2.33 | 81.35% |
| ALI.AX | Argo Global Listed Infrastructure Limited | 5.76% | $0.15 | 10.56% |
| 000755.SZ | Shanxi Hi-speed Group Co., Ltd. | 5.75% | $0.29 | 89.22% |
| EELT.ME | European Eltech Public Joint Stock Company | 5.75% | $0.52 | 36.41% |
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| 9296.KL | RCE Capital Berhad | 5.74% | $0.06 | 92.92% |
| BELA.AT | Jumbo S.A. | 5.74% | $1.60 | 68.01% |
| GRP-UN | Granite Real Estate Investment Trust | 5.74% | $3.40 | 71.71% |
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| 6581.TW | Taiwan Steel Union Co., Ltd | 5.73% | $5.99 | 88.31% |
| HAIS.JK | PT Hasnur Internasional Shipping Tbk | 5.73% | $15.37 | 40.52% |
| HTSC.L | Huatai Securities Co., Ltd. | 5.73% | $1.26 | 68.65% |