Definitive Analysis
| Stable Growth | $29,944.55 - $57,030.03 | $53,445.49 |
| Multi-Stage | $8,978.88 - $9,825.80 | $9,394.56 |
| Blended Fair Value | $31,420.03 | |
| Current Price | $1,960.00 | |
| Upside | 1,503.06% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 5.11% | 22.64% | 70.43 | 49.97 | 62.35 | 42.05 | 22.22 | 54.89 | 99.41 | 46.09 | 20.61 | 0.00 |
| YoY Growth | - | - | 40.95% | -19.86% | 48.29% | 89.22% | -59.52% | -44.78% | 115.70% | 123.66% | 0.00% | -100.00% |
| Dividend Yield | - | - | 3.50% | 4.22% | 5.54% | 2.55% | 1.16% | 5.78% | 5.63% | 3.11% | 1.33% | 0.00% |
| Net Income To Common (M) | 3,334,388.00 |
| (-) Cash Dividends Paid (M) | 1,632,874.00 |
| (=) Cash Retained (M) | 1,701,514.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 666,877.60 | 416,798.50 | 250,079.10 |
| Cash Retained (M) | 1,701,514.00 | 1,701,514.00 | 1,701,514.00 |
| (-) Cash Required (M) | -666,877.60 | -416,798.50 | -250,079.10 |
| (=) Excess Retained (M) | 1,034,636.40 | 1,284,715.50 | 1,451,434.90 |
| (/) Shares Outstanding (M) | 11,627.67 | 11,627.67 | 11,627.67 |
| (=) Excess Retained per Share | 88.98 | 110.49 | 124.83 |
| LTM Dividend per Share | 140.43 | 140.43 | 140.43 |
| (+) Excess Retained per Share | 88.98 | 110.49 | 124.83 |
| (=) Adjusted Dividend | 229.41 | 250.92 | 265.26 |
| WACC / Discount Rate | 6.31% | 6.31% | 6.31% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $29,944.55 | $53,445.49 | $57,030.03 |
| Upside / Downside | 1,427.78% | 2,626.81% | 2,809.70% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 3,334,388.00 | 3,551,123.22 | 3,781,946.23 | 4,027,772.73 | 4,289,577.96 | 4,568,400.53 | 4,705,452.55 |
| Payout Ratio | 48.97% | 57.18% | 65.38% | 73.59% | 81.79% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,632,874.00 | 2,030,410.83 | 2,472,728.55 | 2,963,969.09 | 3,508,623.62 | 4,111,560.48 | 4,352,543.60 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.31% | 6.31% | 6.31% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 1,891,994.13 | 1,909,927.73 | 1,927,861.32 |
| Year 2 PV (M) | 2,147,079.73 | 2,187,975.57 | 2,229,257.22 |
| Year 3 PV (M) | 2,398,177.17 | 2,467,020.21 | 2,537,168.31 |
| Year 4 PV (M) | 2,645,332.34 | 2,747,064.35 | 2,851,702.78 |
| Year 5 PV (M) | 2,888,590.67 | 3,028,110.68 | 3,172,970.45 |
| PV of Terminal Value (M) | 92,432,253.42 | 96,896,765.82 | 101,532,145.62 |
| Equity Value (M) | 104,403,427.46 | 109,236,864.37 | 114,251,105.70 |
| Shares Outstanding (M) | 11,627.67 | 11,627.67 | 11,627.67 |
| Fair Value | $8,978.88 | $9,394.56 | $9,825.80 |
| Upside / Downside | 358.11% | 379.31% | 401.32% |
| 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% |