Definitive Analysis
| Stable Growth | $1,540,804.30 - $3,684,786.14 | $3,453,184.25 |
| Multi-Stage | $534,312.15 - $585,165.52 | $559,270.38 |
| Blended Fair Value | $2,006,227.31 | |
| Current Price | $165,400.00 | |
| Upside | 1,112.95% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 13.81% | 15.43% | 3,150.02 | 2,850.02 | 1,900.01 | 1,750.01 | 1,750.01 | 1,650.01 | 1,500.01 | 1,500.01 | 1,500.01 | 1,000.01 |
| YoY Growth | - | - | 10.53% | 50.00% | 8.57% | 0.00% | 6.06% | 10.00% | 0.00% | 0.00% | 50.00% | 33.33% |
| Dividend Yield | - | - | 2.80% | 3.26% | 2.40% | 1.82% | 1.87% | 3.64% | 2.32% | 1.78% | 2.04% | 1.06% |
| Net Income To Common (M) | 1,389,602.10 |
| (-) Cash Dividends Paid (M) | 277,500.00 |
| (=) Cash Retained (M) | 1,112,102.10 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 277,920.42 | 173,700.26 | 104,220.16 |
| Cash Retained (M) | 1,112,102.10 | 1,112,102.10 | 1,112,102.10 |
| (-) Cash Required (M) | -277,920.42 | -173,700.26 | -104,220.16 |
| (=) Excess Retained (M) | 834,181.68 | 938,401.84 | 1,007,881.95 |
| (/) Shares Outstanding (M) | 75.00 | 75.00 | 75.00 |
| (=) Excess Retained per Share | 11,122.50 | 12,512.11 | 13,438.52 |
| LTM Dividend per Share | 3,700.02 | 3,700.02 | 3,700.02 |
| (+) Excess Retained per Share | 11,122.50 | 12,512.11 | 13,438.52 |
| (=) Adjusted Dividend | 14,822.52 | 16,212.13 | 17,138.54 |
| WACC / Discount Rate | 6.51% | 6.51% | 6.51% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,540,804.30 | $3,453,184.25 | $3,684,786.14 |
| Upside / Downside | 831.56% | 1,987.78% | 2,127.80% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,389,602.10 | 1,479,926.24 | 1,576,121.45 | 1,678,569.34 | 1,787,676.35 | 1,903,875.31 | 1,960,991.57 |
| Payout Ratio | 19.97% | 33.98% | 47.98% | 61.99% | 75.99% | 90.00% | 92.50% |
| Projected Dividends (M) | 277,500.00 | 502,816.72 | 756,252.18 | 1,040,509.85 | 1,358,525.85 | 1,713,487.78 | 1,813,917.20 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.51% | 6.51% | 6.51% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 467,629.79 | 472,062.29 | 476,494.80 |
| Year 2 PV (M) | 654,111.14 | 666,570.12 | 679,146.64 |
| Year 3 PV (M) | 836,996.33 | 861,023.48 | 885,506.12 |
| Year 4 PV (M) | 1,016,336.95 | 1,055,422.40 | 1,095,624.49 |
| Year 5 PV (M) | 1,192,183.95 | 1,249,766.88 | 1,309,553.64 |
| PV of Terminal Value (M) | 35,905,885.75 | 37,640,153.46 | 39,440,795.68 |
| Equity Value (M) | 40,073,143.90 | 41,944,998.63 | 43,887,121.37 |
| Shares Outstanding (M) | 75.00 | 75.00 | 75.00 |
| Fair Value | $534,312.15 | $559,270.38 | $585,165.52 |
| Upside / Downside | 223.04% | 238.13% | 253.79% |
| 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% |