Definitive Analysis
| Stable Growth | $2,298,400.88 - $7,438,095.30 | $6,970,584.60 |
| Multi-Stage | $973,464.24 - $1,065,782.46 | $1,018,774.63 |
| Blended Fair Value | $3,994,679.62 | |
| Current Price | $245,000.00 | |
| Upside | 1,530.48% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 13.03% | 27.16% | 3,252.46 | 3,296.24 | 3,900.26 | 2,852.69 | 2,134.15 | 1,763.13 | 1,060.65 | 715.61 | 571.12 | 236.70 |
| YoY Growth | - | - | -1.33% | -15.49% | 36.72% | 33.67% | 21.04% | 66.23% | 48.22% | 25.30% | 141.28% | -19.54% |
| Dividend Yield | - | - | 2.56% | 2.75% | 3.86% | 2.89% | 1.69% | 2.52% | 1.23% | 0.66% | 0.70% | 0.35% |
| Net Income To Common (M) | 1,013,067.64 |
| (-) Cash Dividends Paid (M) | 205,678.63 |
| (=) Cash Retained (M) | 807,389.01 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 202,613.53 | 126,633.46 | 75,980.07 |
| Cash Retained (M) | 807,389.01 | 807,389.01 | 807,389.01 |
| (-) Cash Required (M) | -202,613.53 | -126,633.46 | -75,980.07 |
| (=) Excess Retained (M) | 604,775.49 | 680,755.56 | 731,408.94 |
| (/) Shares Outstanding (M) | 27.09 | 27.09 | 27.09 |
| (=) Excess Retained per Share | 22,327.36 | 25,132.42 | 27,002.46 |
| LTM Dividend per Share | 7,593.33 | 7,593.33 | 7,593.33 |
| (+) Excess Retained per Share | 22,327.36 | 25,132.42 | 27,002.46 |
| (=) Adjusted Dividend | 29,920.69 | 32,725.75 | 34,595.79 |
| WACC / Discount Rate | 6.87% | 6.87% | 6.87% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $2,298,400.88 | $6,970,584.60 | $7,438,095.30 |
| Upside / Downside | 838.12% | 2,745.14% | 2,935.96% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,013,067.64 | 1,078,917.04 | 1,149,046.65 | 1,223,734.68 | 1,303,277.44 | 1,387,990.47 | 1,429,630.18 |
| Payout Ratio | 20.30% | 34.24% | 48.18% | 62.12% | 76.06% | 90.00% | 92.50% |
| Projected Dividends (M) | 205,678.63 | 369,443.26 | 553,628.30 | 760,196.50 | 991,279.48 | 1,249,191.42 | 1,322,407.92 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.87% | 6.87% | 6.87% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 342,437.22 | 345,683.07 | 348,928.92 |
| Year 2 PV (M) | 475,646.94 | 484,706.67 | 493,851.88 |
| Year 3 PV (M) | 605,376.41 | 622,754.60 | 640,462.21 |
| Year 4 PV (M) | 731,693.10 | 759,831.95 | 788,774.71 |
| Year 5 PV (M) | 854,663.29 | 895,943.84 | 938,804.30 |
| PV of Terminal Value (M) | 23,358,165.58 | 24,486,373.71 | 25,657,761.02 |
| Equity Value (M) | 26,367,982.53 | 27,595,293.84 | 28,868,583.04 |
| Shares Outstanding (M) | 27.09 | 27.09 | 27.09 |
| Fair Value | $973,464.24 | $1,018,774.63 | $1,065,782.46 |
| Upside / Downside | 297.33% | 315.83% | 335.01% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| SU | Suncor Energy Inc. | 5.07% | $2.31 | 53.29% |
| 023410.KQ | Eugene Corporation | 5.06% | $183.45 | 63.50% |
| 7537.T | Marubun Corporation | 5.06% | $65.88 | 55.36% |
| GLJ.DE | Grenke AG | 5.06% | $0.79 | 54.91% |
| KZOS.ME | Kazan Public Joint Stock Company Organichesky sintez | 5.06% | $3.36 | 20.60% |
| LTLS.JK | PT Lautan Luas Tbk | 5.06% | $43.74 | 40.34% |
| MDS-UN.TO | Healthcare Special Opportunities Fund | 5.06% | $0.56 | 64.99% |
| PUUILO.HE | Puuilo Oyj | 5.06% | $0.63 | 82.63% |
| VCI.V | Vitreous Glass Inc. | 5.06% | $0.37 | 91.09% |
| 051600.KS | KEPCO Plant Service & Engineering Co.,Ltd. | 5.05% | $2,469.00 | 84.53% |
| BLX | Banco Latinoamericano de Comercio Exterior, S. A. | 5.05% | $2.21 | 37.06% |
| TLI.BK | Thai Life Insurance Public Company Limited | 5.05% | $0.50 | 47.29% |
| 031330.KQ | SAMT Co., Ltd. | 5.04% | $200.00 | 45.01% |
| DCR.WA | Decora S.A. | 5.04% | $3.78 | 55.77% |
| PST.MI | Poste Italiane S.p.A. | 5.04% | $1.09 | 65.05% |
| RDX.AX | Redox Limited | 5.04% | $0.15 | 54.66% |
| UPOIC.BK | United Palm Oil Industry Public Company Limited | 5.04% | $0.33 | 61.35% |
| WKL.AS | Wolters Kluwer N.V. | 5.04% | $4.43 | 48.01% |
| 000600.SZ | Jointo Energy Investment Co., Ltd. Hebei | 5.03% | $0.43 | 45.84% |
| 0QNN.L | Burckhardt Compression Holding AG | 5.03% | $27.48 | 47.49% |
| 002233.SZ | Guangdong Tapai Group Co., Ltd. | 5.02% | $0.45 | 70.96% |
| 9308.T | Inui Global Logistics Co., Ltd. | 5.02% | $68.92 | 39.29% |
| FFI.AX | FFI Holdings Limited | 5.02% | $0.24 | 31.68% |
| SJWD.BK | SCGJWD Logistics Public Company Limited | 5.02% | $0.37 | 62.75% |
| 007590.KS | DONGBANG AGRO Corporation | 5.01% | $300.11 | 54.47% |
| 0151.HK | Want Want China Holdings Limited | 5.01% | $0.23 | 63.82% |
| 2971.T | Escon Japan REIT Investment Corporation | 5.01% | $6,447.90 | 60.16% |
| BBL-R.BK | Bangkok Bank Public Company Limited | 5.01% | $8.50 | 34.27% |
| DIC.AE | Dubai Investments PJSC | 5.01% | $0.18 | 58.95% |
| 006390.KS | Hanil Hyundai Cement Co., Ltd | 5.00% | $900.04 | 33.14% |
| 600998.SS | Jointown Pharmaceutical Group Co., Ltd | 5.00% | $0.26 | 46.36% |
| 7020.SR | Etihad Etisalat Company | 5.00% | $3.31 | 72.99% |
| KA8.DE | Klassik Radio AG | 5.00% | $0.15 | 95.39% |
| ORDS.QA | Ooredoo Q.P.S.C. | 4.99% | $0.65 | 57.81% |
| 002616.SZ | Guangdong Chant Group Inc. | 4.98% | $0.27 | 71.11% |
| 039130.KS | Hanatour Service Inc. | 4.98% | $2,419.02 | 55.18% |
| 1264.TWO | Tehmag Foods Corporation | 4.98% | $13.99 | 67.27% |
| 1295.KL | Public Bank Berhad | 4.98% | $0.22 | 60.48% |
| AW-UN.TO | A&W Revenue Royalties Income Fund | 4.98% | $1.84 | 92.91% |
| WPK.TO | Winpak Ltd. | 4.98% | $2.26 | 99.45% |
| 000776.SZ | GF Securities Co., Ltd. | 4.97% | $1.09 | 60.30% |
| 5236.KL | Matrix Concepts Holdings Berhad | 4.97% | $0.07 | 56.54% |
| 601298.SS | Qingdao Port International Co., Ltd. | 4.97% | $0.41 | 49.05% |
| 7133.KL | United U-LI Corporation Berhad | 4.97% | $0.08 | 46.08% |
| 9925.TW | Taiwan Shin Kong Security Co., Ltd. | 4.97% | $2.02 | 81.40% |
| 034590.KS | Incheon City Gas Co., Ltd. | 4.96% | $1,251.15 | 28.53% |
| 0QP4.IL | Georg Fischer AG | 4.96% | $2.66 | 44.86% |
| 4163.SR | Al-Dawaa Medical Services Company | 4.96% | $2.51 | 57.67% |
| 9163.T | Nareru Group Inc. | 4.96% | $114.03 | 43.61% |
| CPFE3.SA | CPFL Energia S.A. | 4.96% | $2.66 | 56.33% |