Definitive Analysis
| Stable Growth | $15,623.76 - $38,229.15 | $35,826.31 |
| Multi-Stage | $5,772.48 - $6,306.51 | $6,034.63 |
| Blended Fair Value | $20,930.47 | |
| Current Price | $1,910.00 | |
| Upside | 995.84% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 18.41% | 13.29% | 135.00 | 105.00 | 84.94 | 70.00 | 59.00 | 58.00 | 52.00 | 50.00 | 48.75 | 31.25 |
| YoY Growth | - | - | 28.57% | 23.61% | 21.35% | 18.64% | 1.72% | 11.54% | 4.00% | 2.56% | 56.00% | -19.35% |
| Dividend Yield | - | - | 7.94% | 5.36% | 5.50% | 4.93% | 4.40% | 5.02% | 3.21% | 3.72% | 4.49% | 2.60% |
| Net Income To Common (M) | 1,106,973.00 |
| (-) Cash Dividends Paid (M) | 1,007,768.00 |
| (=) Cash Retained (M) | 99,205.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 221,394.60 | 138,371.63 | 83,022.98 |
| Cash Retained (M) | 99,205.00 | 99,205.00 | 99,205.00 |
| (-) Cash Required (M) | -221,394.60 | -138,371.63 | -83,022.98 |
| (=) Excess Retained (M) | -122,189.60 | -39,166.63 | 16,182.03 |
| (/) Shares Outstanding (M) | 5,758.68 | 5,758.68 | 5,758.68 |
| (=) Excess Retained per Share | -21.22 | -6.80 | 2.81 |
| LTM Dividend per Share | 175.00 | 175.00 | 175.00 |
| (+) Excess Retained per Share | -21.22 | -6.80 | 2.81 |
| (=) Adjusted Dividend | 153.78 | 168.20 | 177.81 |
| WACC / Discount Rate | 6.54% | 6.54% | 6.54% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $15,623.76 | $35,826.31 | $38,229.15 |
| Upside / Downside | 718.00% | 1,775.72% | 1,901.53% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,106,973.00 | 1,178,926.25 | 1,255,556.45 | 1,337,167.62 | 1,424,083.52 | 1,516,648.94 | 1,562,148.41 |
| Payout Ratio | 91.04% | 90.83% | 90.62% | 90.42% | 90.21% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,007,768.00 | 1,070,825.06 | 1,137,821.72 | 1,209,003.71 | 1,284,632.06 | 1,364,984.05 | 1,444,987.28 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.54% | 6.54% | 6.54% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 995,669.36 | 1,005,106.99 | 1,014,544.61 |
| Year 2 PV (M) | 983,710.83 | 1,002,447.76 | 1,021,361.45 |
| Year 3 PV (M) | 971,890.83 | 999,790.32 | 1,028,218.70 |
| Year 4 PV (M) | 960,207.79 | 997,134.67 | 1,035,116.53 |
| Year 5 PV (M) | 948,660.16 | 994,480.80 | 1,042,055.10 |
| PV of Terminal Value (M) | 28,381,689.47 | 29,752,535.68 | 31,175,847.40 |
| Equity Value (M) | 33,241,828.43 | 34,751,496.22 | 36,317,143.80 |
| Shares Outstanding (M) | 5,758.68 | 5,758.68 | 5,758.68 |
| Fair Value | $5,772.48 | $6,034.63 | $6,306.51 |
| Upside / Downside | 202.22% | 215.95% | 230.18% |
| 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% |