Definitive Analysis
| Stable Growth | $655,746.93 - $2,047,448.45 | $1,918,759.04 |
| Multi-Stage | $275,858.66 - $301,787.77 | $288,585.71 |
| Blended Fair Value | $1,103,672.38 | |
| Current Price | $36,700.00 | |
| Upside | 2,907.28% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 12.62% | 24.03% | 1,976.55 | 1,956.62 | 601.59 | 501.33 | 1,260.79 | 1,091.21 | 648.98 | 492.20 | 335.49 | 168.99 |
| YoY Growth | - | - | 1.02% | 225.24% | 20.00% | -60.24% | 15.54% | 68.14% | 31.85% | 46.71% | 98.53% | -26.37% |
| Dividend Yield | - | - | 10.01% | 9.50% | 2.88% | 2.26% | 4.66% | 7.37% | 2.98% | 2.24% | 1.65% | 0.78% |
| Net Income To Common (M) | 444,256.42 |
| (-) Cash Dividends Paid (M) | 185,458.70 |
| (=) Cash Retained (M) | 258,797.72 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 88,851.28 | 55,532.05 | 33,319.23 |
| Cash Retained (M) | 258,797.72 | 258,797.72 | 258,797.72 |
| (-) Cash Required (M) | -88,851.28 | -55,532.05 | -33,319.23 |
| (=) Excess Retained (M) | 169,946.43 | 203,265.66 | 225,478.48 |
| (/) Shares Outstanding (M) | 43.15 | 43.15 | 43.15 |
| (=) Excess Retained per Share | 3,938.32 | 4,710.46 | 5,225.22 |
| LTM Dividend per Share | 4,297.80 | 4,297.80 | 4,297.80 |
| (+) Excess Retained per Share | 3,938.32 | 4,710.46 | 5,225.22 |
| (=) Adjusted Dividend | 8,236.12 | 9,008.26 | 9,523.02 |
| WACC / Discount Rate | 6.83% | 6.83% | 6.83% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $655,746.93 | $1,918,759.04 | $2,047,448.45 |
| Upside / Downside | 1,686.78% | 5,128.23% | 5,478.88% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 444,256.42 | 473,133.09 | 503,886.74 | 536,639.38 | 571,520.94 | 608,669.80 | 626,929.89 |
| Payout Ratio | 41.75% | 51.40% | 61.05% | 70.70% | 80.35% | 90.00% | 92.50% |
| Projected Dividends (M) | 185,458.70 | 243,174.77 | 307,610.36 | 379,395.17 | 459,212.35 | 547,802.82 | 579,910.15 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.83% | 6.83% | 6.83% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 225,500.85 | 227,638.30 | 229,775.75 |
| Year 2 PV (M) | 264,521.08 | 269,559.47 | 274,645.38 |
| Year 3 PV (M) | 302,538.60 | 311,223.40 | 320,072.83 |
| Year 4 PV (M) | 339,572.27 | 352,631.26 | 366,063.34 |
| Year 5 PV (M) | 375,640.65 | 393,784.23 | 412,622.21 |
| PV of Terminal Value (M) | 10,396,079.53 | 10,898,214.06 | 11,419,566.46 |
| Equity Value (M) | 11,903,852.98 | 12,453,050.71 | 13,022,745.96 |
| Shares Outstanding (M) | 43.15 | 43.15 | 43.15 |
| Fair Value | $275,858.66 | $288,585.71 | $301,787.77 |
| Upside / Downside | 651.66% | 686.34% | 722.31% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| ORA | Ormat Technologies, Inc. | 0.42% | $0.48 | 21.81% |
| VLTO | Veralto Corporation | 0.42% | $0.42 | 11.39% |
| CEG | Constellation Energy Corporation | 0.41% | $1.52 | 17.38% |
| EXPE | Expedia Group, Inc. | 0.41% | $1.15 | 10.88% |
| GE | GE Aerospace | 0.40% | $1.29 | 17.08% |
| GEHCV | GE HealthCare Technologies Inc. | 0.40% | $0.23 | 5.05% |
| ATMU | Atmus Filtration Technologies Inc. | 0.39% | $0.20 | 8.42% |
| BMNR | Bitmine Immersion Technologies, Inc. | 0.39% | $0.12 | 0.85% |
| CHDN | Churchill Downs Incorporated | 0.39% | $0.43 | 7.61% |
| PLPC | Preformed Line Products Company | 0.39% | $0.83 | 11.03% |
| AAPL | Apple Inc. | 0.38% | $1.03 | 13.77% |
| AMOT | Allied Motion Technologies Inc. | 0.38% | $0.12 | 21.85% |
| CASY | Casey's General Stores, Inc. | 0.38% | $2.09 | 12.85% |
| EA | Electronic Arts Inc. | 0.38% | $0.77 | 21.92% |
| LOB | Live Oak Bancshares, Inc. | 0.37% | $0.13 | 8.44% |
| PCG-PA | Pacific Gas and Electric Company | 0.37% | $0.08 | 6.94% |
| CTS | CTS Corporation | 0.36% | $0.16 | 8.09% |
| GVA | Granite Construction Incorporated | 0.36% | $0.43 | 12.45% |
| LCORX | Leuthold Core Investment Fund | 0.36% | $0.08 | 4.98% |
| LCRIX | Leuthold Core Investment Fund Class Institutional | 0.36% | $0.08 | 4.98% |
| UHAL | U-Haul Holding Company | 0.36% | $0.18 | 17.87% |
| BOX | Box, Inc. | 0.35% | $0.10 | 6.61% |
| HCC | Warrior Met Coal, Inc. | 0.35% | $0.31 | 47.04% |
| MCK | McKesson Corporation | 0.35% | $2.91 | 8.98% |
| CSWI | CSW Industrials, Inc. | 0.34% | $1.02 | 11.93% |
| MOG-A | Moog Inc. | 0.34% | $0.85 | 11.59% |
| SRBK | SR Bancorp, Inc. Common stock | 0.34% | $0.05 | 9.61% |
| VHAQ-UN | Viveon Health Acquisition Corp. | 0.34% | $0.04 | 17.38% |
| WWD | Woodward, Inc. | 0.34% | $1.05 | 14.70% |
| AGX | Argan, Inc. | 0.33% | $1.08 | 12.72% |
| PJT | PJT Partners Inc. | 0.33% | $0.56 | 13.70% |
| REGN | Regeneron Pharmaceuticals, Inc. | 0.33% | $2.59 | 6.06% |
| LPLA | LPL Financial Holdings Inc. | 0.32% | $1.16 | 11.15% |
| META | Meta Platforms, Inc. | 0.31% | $2.04 | 8.98% |
| ESAB | ESAB Corporation | 0.30% | $0.34 | 8.52% |
| POWL | Powell Industries, Inc. | 0.30% | $1.05 | 7.31% |
| VC | Visteon Corporation | 0.30% | $0.29 | 2.59% |
| WST | West Pharmaceutical Services, Inc. | 0.30% | $0.83 | 12.34% |
| CASH | Pathward Financial, Inc. | 0.29% | $0.21 | 2.52% |
| NGS | Natural Gas Services Group, Inc. | 0.29% | $0.10 | 6.71% |
| PLUS | ePlus inc. | 0.29% | $0.25 | 5.41% |
| RVTY | Revvity, Inc. | 0.29% | $0.28 | 14.01% |
| TMO | Thermo Fisher Scientific Inc. | 0.28% | $1.65 | 9.48% |
| MRVL | Marvell Technology, Inc. | 0.27% | $0.24 | 8.33% |
| VNT | Vontier Corporation | 0.27% | $0.10 | 3.64% |
| DBRG | DigitalBridge Group, Inc. | 0.26% | $0.04 | 9.84% |
| FOUR | Shift4 Payments, Inc. | 0.26% | $0.16 | 7.44% |
| GOOG | Alphabet Inc. | 0.26% | $0.82 | 8.01% |
| TPB | Turning Point Brands, Inc. | 0.26% | $0.29 | 10.22% |
| USB-PA | U.S. Bancorp PERP PFD SER A | 0.26% | $2.02 | 43.68% |