Definitive Analysis
| Stable Growth | $6,188.98 - $7,297.60 | $6,836.17 |
| Multi-Stage | $54,216.51 - $59,782.03 | $56,944.86 |
| Blended Fair Value | $31,890.51 | |
| Current Price | $468.00 | |
| Upside | 6,714.21% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 0.00% | 0.00% | 0.00 | 20.00 | 5.00 | 14.00 | 11.35 | 11.63 | 12.16 | 10.95 | 11.62 | 15.88 |
| YoY Growth | - | - | -100.00% | 300.00% | -64.29% | 23.31% | -2.41% | -4.34% | 11.10% | -5.84% | -26.80% | 42.82% |
| Dividend Yield | - | - | 0.00% | 9.35% | 2.95% | 9.87% | 4.37% | 5.98% | 2.18% | 1.77% | 2.71% | 5.22% |
| Net Income To Common (M) | 74,093.35 |
| (-) Cash Dividends Paid (M) | 12,100.56 |
| (=) Cash Retained (M) | 61,992.79 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 14,818.67 | 9,261.67 | 5,557.00 |
| Cash Retained (M) | 61,992.79 | 61,992.79 | 61,992.79 |
| (-) Cash Required (M) | -14,818.67 | -9,261.67 | -5,557.00 |
| (=) Excess Retained (M) | 47,174.12 | 52,731.12 | 56,435.79 |
| (/) Shares Outstanding (M) | 1,936.05 | 1,936.05 | 1,936.05 |
| (=) Excess Retained per Share | 24.37 | 27.24 | 29.15 |
| LTM Dividend per Share | 6.25 | 6.25 | 6.25 |
| (+) Excess Retained per Share | 24.37 | 27.24 | 29.15 |
| (=) Adjusted Dividend | 30.62 | 33.49 | 35.40 |
| WACC / Discount Rate | -40.89% | -40.89% | -40.89% |
| Growth Rate | 1.07% | 2.07% | 3.07% |
| Fair Value | $6,188.98 | $6,836.17 | $7,297.60 |
| Upside / Downside | 1,222.43% | 1,360.72% | 1,459.32% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 74,093.35 | 75,629.55 | 77,197.61 | 78,798.17 | 80,431.92 | 82,099.55 | 84,562.54 |
| Payout Ratio | 16.33% | 31.07% | 45.80% | 60.53% | 75.27% | 90.00% | 92.50% |
| Projected Dividends (M) | 12,100.56 | 23,494.47 | 35,355.66 | 47,698.58 | 60,538.13 | 73,889.59 | 78,220.35 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | -40.89% | -40.89% | -40.89% |
| Growth Rate | 1.07% | 2.07% | 3.07% |
| Year 1 PV (M) | 39,354.78 | 39,744.15 | 40,133.52 |
| Year 2 PV (M) | 99,202.47 | 101,175.16 | 103,167.27 |
| Year 3 PV (M) | 224,182.05 | 230,902.14 | 237,755.21 |
| Year 4 PV (M) | 476,602.34 | 495,745.76 | 515,460.15 |
| Year 5 PV (M) | 974,411.07 | 1,023,577.55 | 1,074,708.96 |
| PV of Terminal Value (M) | 103,152,238.55 | 108,357,056.79 | 113,769,884.63 |
| Equity Value (M) | 104,965,991.26 | 110,248,201.54 | 115,741,109.74 |
| Shares Outstanding (M) | 1,936.05 | 1,936.05 | 1,936.05 |
| Fair Value | $54,216.51 | $56,944.86 | $59,782.03 |
| Upside / Downside | 11,484.73% | 12,067.70% | 12,673.94% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| ODFL | Old Dominion Freight Line, Inc. | 0.69% | $1.10 | 22.00% |
| RRBI | Red River Bancshares, Inc. | 0.69% | $0.48 | 7.90% |
| SSD | Simpson Manufacturing Co., Inc. | 0.69% | $1.14 | 13.76% |
| WCC | WESCO International, Inc. | 0.69% | $1.75 | 13.38% |
| ALG | Alamo Group Inc. | 0.68% | $1.15 | 11.96% |
| CBK | Commercial Bancgroup, Inc. Common Stock | 0.68% | $0.16 | 6.13% |
| IRMD | IRadimed Corporation | 0.68% | $0.65 | 39.59% |
| UNF | UniFirst Corporation | 0.68% | $1.32 | 16.37% |
| WTS | Watts Water Technologies, Inc. | 0.68% | $1.90 | 19.65% |
| 0HF3.L | Cencora | 0.67% | $2.25 | 28.12% |
| AIT | Applied Industrial Technologies, Inc. | 0.67% | $1.75 | 16.64% |
| CLMB | Climb Global Solutions, Inc. | 0.67% | $0.68 | 14.50% |
| ASTH | Astrana Health, Inc. | 0.66% | $0.17 | 86.52% |
| AVGO | Broadcom Inc. | 0.66% | $2.28 | 48.18% |
| ENS | EnerSys | 0.66% | $0.99 | 11.20% |
| HLIO | Helios Technologies, Inc. | 0.66% | $0.36 | 35.50% |
| ICFI | ICF International, Inc. | 0.66% | $0.56 | 10.52% |
| VMC | Vulcan Materials Company | 0.66% | $1.93 | 22.82% |
| AAME | Atlantic American Corporation | 0.65% | $0.02 | 7.99% |
| AMAT | Applied Materials, Inc. | 0.65% | $1.73 | 19.78% |
| CRM | Salesforce, Inc. | 0.65% | $1.64 | 21.86% |
| GHC | Graham Holdings Company | 0.65% | $7.06 | 4.22% |
| LFAC | LF Capital Acquisition Corp. II | 0.65% | $0.07 | 24.33% |
| BSY | Bentley Systems, Incorporated | 0.64% | $0.25 | 30.41% |
| EHC | Encompass Health Corporation | 0.64% | $0.68 | 12.77% |
| LAD | Lithia Motors, Inc. | 0.64% | $2.13 | 6.25% |
| PRBM | Parabellum Acquisition Corp. | 0.64% | $0.06 | 5.11% |
| VRSN | VeriSign, Inc. | 0.64% | $1.54 | 17.77% |
| AWI | Armstrong World Industries, Inc. | 0.63% | $1.24 | 17.71% |
| ESQ | Esquire Financial Holdings, Inc. | 0.63% | $0.64 | 11.29% |
| SGI | Somnigroup International Inc | 0.63% | $0.56 | 37.60% |
| ULS | UL Solutions Inc. | 0.63% | $0.51 | 30.38% |
| VMI | Valmont Industries, Inc. | 0.63% | $2.58 | 21.97% |
| ARCB | ArcBest Corporation | 0.62% | $0.48 | 11.39% |
| V | Visa Inc. | 0.62% | $2.13 | 23.10% |
| LSXMA | The Liberty SiriusXM Group | 0.61% | $0.14 | 1.73% |
| 0J1R.L | HCA Healthcare, Inc. | 0.60% | $2.81 | 10.70% |
| MPWR | Monolithic Power Systems, Inc. | 0.60% | $5.66 | 14.34% |
| RXN | Zurn Water Solutions Corporation | 0.60% | $0.39 | 24.10% |
| 0I47.L | Costco Wholesale Corporation | 0.59% | $5.05 | 27.04% |
| DJCO | Daily Journal Corporation | 0.59% | $2.95 | 4.20% |
| DRS | Leonardo DRS, Inc. | 0.59% | $0.20 | 20.75% |
| FCNCA | First Citizens BancShares, Inc. | 0.59% | $12.69 | 7.01% |
| AME | AMETEK, Inc. | 0.58% | $1.20 | 19.00% |
| KLAC | KLA Corporation | 0.57% | $7.26 | 22.67% |
| SXI | Standex International Corporation | 0.57% | $1.27 | 29.15% |
| RDVT | Red Violet, Inc. | 0.56% | $0.29 | 37.32% |
| 0IRE.L | Fortive Corporation | 0.55% | $0.30 | 16.72% |
| AIMC | Altra Industrial Motion Corp. | 0.55% | $0.34 | 17.56% |
| BWXT | BWX Technologies, Inc. | 0.55% | $1.00 | 29.87% |