Definitive Analysis
| Stable Growth | $1,870,604.27 - $6,053,133.25 | $5,672,672.33 |
| Multi-Stage | $787,955.95 - $862,923.81 | $824,749.74 |
| Blended Fair Value | $3,248,711.04 | |
| Current Price | $145,000.00 | |
| Upside | 2,140.49% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 8.02% | 29.13% | 2,655.57 | 2,305.62 | 6,155.06 | 3,005.52 | 2,905.54 | 1,805.89 | 1,605.90 | 805.86 | 1,005.79 | 705.93 |
| YoY Growth | - | - | 15.18% | -62.54% | 104.79% | 3.44% | 60.89% | 12.45% | 99.28% | -19.88% | 42.48% | 242.77% |
| Dividend Yield | - | - | 3.64% | 3.45% | 11.19% | 3.83% | 3.39% | 3.63% | 2.52% | 0.97% | 2.14% | 1.61% |
| Net Income To Common (M) | 1,777,482.98 |
| (-) Cash Dividends Paid (M) | 232,740.00 |
| (=) Cash Retained (M) | 1,544,742.98 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 355,496.60 | 222,185.37 | 133,311.22 |
| Cash Retained (M) | 1,544,742.98 | 1,544,742.98 | 1,544,742.98 |
| (-) Cash Required (M) | -355,496.60 | -222,185.37 | -133,311.22 |
| (=) Excess Retained (M) | 1,189,246.39 | 1,322,557.61 | 1,411,431.76 |
| (/) Shares Outstanding (M) | 58.40 | 58.40 | 58.40 |
| (=) Excess Retained per Share | 20,364.16 | 22,646.92 | 24,168.77 |
| LTM Dividend per Share | 3,985.34 | 3,985.34 | 3,985.34 |
| (+) Excess Retained per Share | 20,364.16 | 22,646.92 | 24,168.77 |
| (=) Adjusted Dividend | 24,349.50 | 26,632.26 | 28,154.11 |
| WACC / Discount Rate | 6.87% | 6.87% | 6.87% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,870,604.27 | $5,672,672.33 | $6,053,133.25 |
| Upside / Downside | 1,190.07% | 3,812.19% | 4,074.57% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,777,482.98 | 1,893,019.38 | 2,016,065.64 | 2,147,109.91 | 2,286,672.05 | 2,435,305.73 | 2,508,364.90 |
| Payout Ratio | 13.09% | 28.48% | 43.86% | 59.24% | 74.62% | 90.00% | 92.50% |
| Projected Dividends (M) | 232,740.00 | 539,037.97 | 884,171.35 | 1,271,894.63 | 1,706,286.31 | 2,191,775.16 | 2,320,237.54 |
| 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) | 499,635.23 | 504,371.11 | 509,106.99 |
| Year 2 PV (M) | 759,633.00 | 774,101.88 | 788,707.25 |
| Year 3 PV (M) | 1,012,866.52 | 1,041,942.28 | 1,071,569.22 |
| Year 4 PV (M) | 1,259,466.69 | 1,307,902.22 | 1,357,721.53 |
| Year 5 PV (M) | 1,499,562.16 | 1,571,991.58 | 1,647,193.03 |
| PV of Terminal Value (M) | 40,984,675.99 | 42,964,251.16 | 45,019,589.34 |
| Equity Value (M) | 46,015,839.59 | 48,164,560.23 | 50,393,887.36 |
| Shares Outstanding (M) | 58.40 | 58.40 | 58.40 |
| Fair Value | $787,955.95 | $824,749.74 | $862,923.81 |
| Upside / Downside | 443.42% | 468.79% | 495.12% |
| 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% |