Definitive Analysis
| Stable Growth | $509,427.95 - $2,606,497.70 | $1,042,641.85 |
| Multi-Stage | $277,351.97 - $303,567.24 | $290,219.21 |
| Blended Fair Value | $666,430.53 | |
| Current Price | $113,500.00 | |
| Upside | 487.16% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 23.44% | 29.23% | 2,870.25 | 226.95 | 353.16 | 1,763.37 | 1,094.32 | 1,001.52 | 1,120.69 | 842.11 | 681.74 | 326.16 |
| YoY Growth | - | - | 1,164.70% | -35.74% | -79.97% | 61.14% | 9.27% | -10.63% | 33.08% | 23.52% | 109.02% | 47.58% |
| Dividend Yield | - | - | 2.35% | 0.28% | 0.91% | 4.34% | 6.36% | 9.72% | 7.86% | 5.69% | 5.61% | 2.64% |
| Net Income To Common (M) | 2,329,894.39 |
| (-) Cash Dividends Paid (M) | 285,347.12 |
| (=) Cash Retained (M) | 2,044,547.27 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 465,978.88 | 291,236.80 | 174,742.08 |
| Cash Retained (M) | 2,044,547.27 | 2,044,547.27 | 2,044,547.27 |
| (-) Cash Required (M) | -465,978.88 | -291,236.80 | -174,742.08 |
| (=) Excess Retained (M) | 1,578,568.40 | 1,753,310.48 | 1,869,805.19 |
| (/) Shares Outstanding (M) | 177.77 | 177.77 | 177.77 |
| (=) Excess Retained per Share | 8,879.82 | 9,862.79 | 10,518.10 |
| LTM Dividend per Share | 1,605.15 | 1,605.15 | 1,605.15 |
| (+) Excess Retained per Share | 8,879.82 | 9,862.79 | 10,518.10 |
| (=) Adjusted Dividend | 10,484.97 | 11,467.93 | 12,123.25 |
| WACC / Discount Rate | 7.67% | 7.67% | 7.67% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $509,427.95 | $1,042,641.85 | $2,606,497.70 |
| Upside / Downside | 348.84% | 818.63% | 2,196.47% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 2,329,894.39 | 2,481,337.53 | 2,642,624.47 | 2,814,395.06 | 2,997,330.74 | 3,192,157.23 | 3,287,921.95 |
| Payout Ratio | 12.25% | 27.80% | 43.35% | 58.90% | 74.45% | 90.00% | 92.50% |
| Projected Dividends (M) | 285,347.12 | 689,756.50 | 1,145,533.51 | 1,657,647.31 | 2,231,496.02 | 2,872,941.51 | 3,041,327.80 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.67% | 7.67% | 7.67% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 634,597.50 | 640,612.64 | 646,627.78 |
| Year 2 PV (M) | 969,645.31 | 988,114.33 | 1,006,757.59 |
| Year 3 PV (M) | 1,290,921.37 | 1,327,979.08 | 1,365,739.29 |
| Year 4 PV (M) | 1,598,844.87 | 1,660,331.93 | 1,723,575.63 |
| Year 5 PV (M) | 1,893,823.69 | 1,985,296.09 | 2,080,269.34 |
| PV of Terminal Value (M) | 42,917,096.39 | 44,990,008.19 | 47,142,255.21 |
| Equity Value (M) | 49,304,929.12 | 51,592,342.26 | 53,965,224.84 |
| Shares Outstanding (M) | 177.77 | 177.77 | 177.77 |
| Fair Value | $277,351.97 | $290,219.21 | $303,567.24 |
| Upside / Downside | 144.36% | 155.70% | 167.46% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 8952.T | Japan Real Estate Investment Corporation | 5.59% | $7,312.35 | 70.16% |
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| KMDS.JK | PT Kurniamitra Duta Sentosa, Tbk | 5.59% | $38.00 | 52.57% |
| RECLTD.BO | REC Limited | 5.59% | $21.30 | 32.48% |
| 2488.HK | Launch Tech Company Limited | 5.58% | $0.49 | 31.82% |
| ANIM3.SA | Anima Holding S.A. | 5.58% | $0.18 | 44.03% |
| PROF-B.ST | ProfilGruppen AB (publ) | 5.58% | $6.64 | 56.11% |
| SOL.AX | Washington H. Soul Pattinson and Company Limited | 5.58% | $2.09 | 79.15% |
| 1128.HK | Wynn Macau, Limited | 5.57% | $0.33 | 52.58% |
| 1585.HK | Yadea Group Holdings Ltd. | 5.57% | $0.64 | 44.68% |
| SBOK.ST | ScandBook Holding AB (publ) | 5.57% | $2.75 | 67.47% |
| 003470.KS | Yuanta Securities Korea Co., Ltd. | 5.56% | $203.12 | 64.57% |
| AEDAS.MC | Aedas Homes, S.A. | 5.56% | $1.33 | 44.89% |
| DTL.AX | Data#3 Limited | 5.56% | $0.50 | 85.44% |
| IMAS.JK | PT Indomobil Sukses Internasional Tbk | 5.56% | $63.43 | 61.82% |
| SFQ.DE | SAF-Holland SE | 5.56% | $0.84 | 75.48% |
| 058430.KS | POSCO STEELEON Co., Ltd. | 5.55% | $2,160.07 | 46.25% |
| 2192.HK | Medlive Technology Co., Ltd. | 5.55% | $0.55 | 65.76% |
| 8968.T | Fukuoka REIT Corporation | 5.55% | $10,438.66 | 63.61% |
| CY6U.SI | CapitaLand India Trust | 5.55% | $0.07 | 23.56% |
| INLIF.AT | Interlife General Insurance Company S.A. | 5.55% | $0.36 | 26.26% |
| 0A0C.L | Stadler Rail AG | 5.54% | $1.09 | 71.26% |
| 1289.HK | Wuxi Sunlit Science and Technology Company Limited | 5.54% | $0.16 | 22.04% |
| 2686.HK | AAG Energy Holdings Limited | 5.54% | $0.10 | 29.66% |
| SNK.WA | Sanok Rubber Company Spólka Akcyjna | 5.54% | $1.19 | 93.14% |
| 0IZM.L | ABG Sundal Collier Holding ASA | 5.53% | $0.45 | 84.38% |
| 600681.SS | Bestsun Energy Co., Ltd. | 5.53% | $0.24 | 95.34% |
| 605009.SS | Hangzhou Haoyue Personal Care Co., Ltd | 5.53% | $1.71 | 90.38% |
| KSB3.DE | KSB SE & Co. KGaA | 5.53% | $52.76 | 34.72% |
| 000581.SZ | Weifu High-Technology Group Co., Ltd. | 5.52% | $1.14 | 71.66% |
| 0QO1.L | Schindler Holding AG | 5.52% | $10.99 | 83.82% |
| 1061.HK | Essex Bio-Technology Limited | 5.52% | $0.21 | 20.70% |
| HGSB.OL | Haugesund Sparebank | 5.52% | $8.86 | 25.30% |
| 603408.SS | Runner (Xiamen) Corp. | 5.51% | $0.75 | 76.83% |
| PERR.PA | Gérard Perrier Industrie S.A. | 5.51% | $4.60 | 47.56% |
| 009180.KS | Hansol Logistics Co., Ltd. | 5.50% | $149.89 | 36.63% |
| 601339.SS | Bros Eastern.,Ltd | 5.50% | $0.32 | 87.29% |
| 9905.TW | Great China Metal Ind. Co., Ltd. | 5.50% | $1.09 | 75.18% |
| FIQE3.SA | Unifique Telecomunicações S.A. | 5.50% | $0.27 | 48.37% |
| M-STOR.BK | MFC-Strategic Storage Fund | 5.50% | $0.44 | 82.25% |
| SYNTEC.BK | Syntec Construction Public Company Limited | 5.50% | $0.09 | 24.68% |
| TPAC.BK | Thai Plaspac Public Company Limited | 5.50% | $0.45 | 36.96% |
| WIK.WA | Wikana S.A. | 5.50% | $0.40 | 79.03% |
| 600713.SS | NanJing Pharmaceutical Company Limited | 5.49% | $0.30 | 78.15% |
| ATIC.JK | PT Anabatic Technologies Tbk | 5.49% | $35.41 | 44.79% |
| 000672.SZ | Gansu Shangfeng Cement Co.,Ltd | 5.48% | $0.71 | 91.94% |
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| 002014.SZ | Huangshan Novel Co.,Ltd | 5.46% | $0.65 | 84.41% |