Definitive Analysis
| Stable Growth | $13,852.56 - $42,372.96 | $22,085.88 |
| Multi-Stage | $14,828.59 - $16,255.26 | $15,528.56 |
| Blended Fair Value | $18,807.22 | |
| Current Price | $3,480.00 | |
| Upside | 440.44% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 5.17% | -2.31% | 58.56 | 76.48 | 0.02 | 0.00 | 15.21 | 45.52 | 60.63 | 78.09 | 40.41 | 67.68 |
| YoY Growth | - | - | -23.44% | 374,970.27% | 0.00% | -100.00% | -66.60% | -24.92% | -22.36% | 93.26% | -40.29% | -8.55% |
| Dividend Yield | - | - | 1.47% | 1.35% | 0.00% | 0.00% | 0.38% | 1.79% | 1.03% | 1.71% | 0.87% | 1.26% |
| Net Income To Common (M) | 3,963,713.00 |
| (-) Cash Dividends Paid (M) | 1,863,914.00 |
| (=) Cash Retained (M) | 2,099,799.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 792,742.60 | 495,464.13 | 297,278.48 |
| Cash Retained (M) | 2,099,799.00 | 2,099,799.00 | 2,099,799.00 |
| (-) Cash Required (M) | -792,742.60 | -495,464.13 | -297,278.48 |
| (=) Excess Retained (M) | 1,307,056.40 | 1,604,334.88 | 1,802,520.53 |
| (/) Shares Outstanding (M) | 7,257.87 | 7,257.87 | 7,257.87 |
| (=) Excess Retained per Share | 180.09 | 221.05 | 248.35 |
| LTM Dividend per Share | 256.81 | 256.81 | 256.81 |
| (+) Excess Retained per Share | 180.09 | 221.05 | 248.35 |
| (=) Adjusted Dividend | 436.90 | 477.86 | 505.17 |
| WACC / Discount Rate | 6.42% | 6.42% | 6.42% |
| Growth Rate | 3.17% | 4.17% | 5.17% |
| Fair Value | $13,852.56 | $22,085.88 | $42,372.96 |
| Upside / Downside | 298.06% | 534.65% | 1,117.61% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 3,963,713.00 | 4,128,822.79 | 4,300,810.28 | 4,479,961.98 | 4,666,576.29 | 4,860,964.09 | 5,006,793.01 |
| Payout Ratio | 47.02% | 55.62% | 64.21% | 72.81% | 81.40% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,863,914.00 | 2,296,432.87 | 2,761,750.98 | 3,261,850.35 | 3,798,821.24 | 4,374,867.68 | 4,631,283.53 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.42% | 6.42% | 6.42% |
| Growth Rate | 3.17% | 4.17% | 5.17% |
| Year 1 PV (M) | 2,137,193.83 | 2,157,909.99 | 2,178,626.15 |
| Year 2 PV (M) | 2,392,020.12 | 2,438,617.34 | 2,485,664.05 |
| Year 3 PV (M) | 2,629,265.86 | 2,706,467.05 | 2,785,164.84 |
| Year 4 PV (M) | 2,849,767.85 | 2,961,877.82 | 3,077,263.51 |
| Year 5 PV (M) | 3,054,328.21 | 3,205,256.39 | 3,362,092.89 |
| PV of Terminal Value (M) | 94,561,415.63 | 99,234,122.98 | 104,089,751.07 |
| Equity Value (M) | 107,623,991.51 | 112,704,251.57 | 117,978,562.52 |
| Shares Outstanding (M) | 7,257.87 | 7,257.87 | 7,257.87 |
| Fair Value | $14,828.59 | $15,528.56 | $16,255.26 |
| Upside / Downside | 326.11% | 346.22% | 367.11% |
| 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% |