Definitive Analysis
| Stable Growth | $752,410.15 - $2,715,146.09 | $2,393,944.34 |
| Multi-Stage | $344,204.82 - $376,592.67 | $360,102.03 |
| Blended Fair Value | $1,377,023.19 | |
| Current Price | $87,200.00 | |
| Upside | 1,479.16% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 13.39% | 25.63% | 3,891.80 | 4,835.85 | 3,227.28 | 2,067.47 | 2,117.90 | 2,076.65 | 1,695.27 | 1,126.27 | 767.91 | 604.82 |
| YoY Growth | - | - | -19.52% | 49.84% | 56.10% | -2.38% | 1.99% | 22.50% | 50.52% | 46.67% | 26.97% | 52.21% |
| Dividend Yield | - | - | 6.53% | 8.57% | 7.93% | 4.25% | 4.95% | 8.99% | 4.51% | 2.46% | 2.08% | 2.44% |
| Net Income To Common (M) | 3,946,935.00 |
| (-) Cash Dividends Paid (M) | 1,341,315.00 |
| (=) Cash Retained (M) | 2,605,620.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 789,387.00 | 493,366.88 | 296,020.13 |
| Cash Retained (M) | 2,605,620.00 | 2,605,620.00 | 2,605,620.00 |
| (-) Cash Required (M) | -789,387.00 | -493,366.88 | -296,020.13 |
| (=) Excess Retained (M) | 1,816,233.00 | 2,112,253.13 | 2,309,599.88 |
| (/) Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| (=) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| LTM Dividend per Share | 4,639.64 | 4,639.64 | 4,639.64 |
| (+) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| (=) Adjusted Dividend | 10,922.02 | 11,945.96 | 12,628.59 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $752,410.15 | $2,393,944.34 | $2,715,146.09 |
| Upside / Downside | 762.86% | 2,645.35% | 3,013.70% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 3,946,935.00 | 4,203,485.78 | 4,476,712.35 | 4,767,698.65 | 5,077,599.07 | 5,407,643.00 | 5,569,872.30 |
| Payout Ratio | 33.98% | 45.19% | 56.39% | 67.59% | 78.80% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,341,315.00 | 1,899,427.82 | 2,524,428.25 | 3,222,653.65 | 4,000,982.65 | 4,866,878.70 | 5,152,131.87 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 1,757,981.36 | 1,774,644.69 | 1,791,308.02 |
| Year 2 PV (M) | 2,162,449.50 | 2,203,638.09 | 2,245,215.25 |
| Year 3 PV (M) | 2,554,983.20 | 2,628,327.58 | 2,703,062.34 |
| Year 4 PV (M) | 2,935,841.16 | 3,048,745.32 | 3,164,875.08 |
| Year 5 PV (M) | 3,305,277.14 | 3,464,923.27 | 3,630,679.42 |
| PV of Terminal Value (M) | 86,792,822.92 | 90,984,948.72 | 95,337,517.04 |
| Equity Value (M) | 99,509,355.28 | 104,105,227.67 | 108,872,657.16 |
| Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| Fair Value | $344,204.82 | $360,102.03 | $376,592.67 |
| Upside / Downside | 294.73% | 312.96% | 331.87% |
| 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% |