Definitive Analysis
| Stable Growth | $27,963,591.88 - $33,037,119.03 | $30,918,253.72 |
| Multi-Stage | $38,884,900.57 - $43,284,231.62 | $41,037,342.46 |
| Blended Fair Value | $35,977,798.09 | |
| Current Price | $850,000.00 | |
| Upside | 4,132.68% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | -33.22% | -15.87% | 1,749.99 | 1,749.97 | 1,749.97 | 1,549.97 | 1,549.97 | 13,180.11 | 8,109.34 | 7,913.14 | 7,912.53 | 7,385.66 |
| YoY Growth | - | - | 0.00% | 0.00% | 12.90% | 0.00% | -88.24% | 62.53% | 2.48% | 0.01% | 7.13% | -25.02% |
| Dividend Yield | - | - | 0.26% | 0.24% | 0.24% | 0.15% | 0.17% | 2.10% | 0.50% | 0.63% | 0.87% | 0.79% |
| Net Income To Common (M) | 160,184.19 |
| (-) Cash Dividends Paid (M) | 1,472.81 |
| (=) Cash Retained (M) | 158,711.38 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 32,036.84 | 20,023.02 | 12,013.81 |
| Cash Retained (M) | 158,711.38 | 158,711.38 | 158,711.38 |
| (-) Cash Required (M) | -32,036.84 | -20,023.02 | -12,013.81 |
| (=) Excess Retained (M) | 126,674.54 | 138,688.36 | 146,697.57 |
| (/) Shares Outstanding (M) | 0.84 | 0.84 | 0.84 |
| (=) Excess Retained per Share | 150,512.93 | 164,787.58 | 174,304.01 |
| LTM Dividend per Share | 1,749.97 | 1,749.97 | 1,749.97 |
| (+) Excess Retained per Share | 150,512.93 | 164,787.58 | 174,304.01 |
| (=) Adjusted Dividend | 152,262.90 | 166,537.55 | 176,053.98 |
| WACC / Discount Rate | -20.80% | -20.80% | -20.80% |
| Growth Rate | -8.17% | -7.17% | -6.17% |
| Fair Value | $27,963,591.88 | $30,918,253.72 | $33,037,119.03 |
| Upside / Downside | 3,189.83% | 3,537.44% | 3,786.72% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 160,184.19 | 148,693.66 | 138,027.38 | 128,126.22 | 118,935.31 | 110,403.70 | 113,715.81 |
| Payout Ratio | 0.92% | 18.74% | 36.55% | 54.37% | 72.18% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,472.81 | 27,858.58 | 50,451.31 | 69,659.38 | 85,852.14 | 99,363.33 | 105,187.12 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | -20.80% | -20.80% | -20.80% |
| Growth Rate | -8.17% | -7.17% | -6.17% |
| Year 1 PV (M) | 34,794.03 | 35,172.94 | 35,551.85 |
| Year 2 PV (M) | 78,698.03 | 80,421.41 | 82,163.47 |
| Year 3 PV (M) | 135,711.52 | 140,193.71 | 144,773.52 |
| Year 4 PV (M) | 208,897.82 | 218,147.21 | 227,700.40 |
| Year 5 PV (M) | 301,963.64 | 318,767.71 | 336,311.71 |
| PV of Terminal Value (M) | 31,966,206.09 | 33,745,104.14 | 35,602,330.79 |
| Equity Value (M) | 32,726,271.13 | 34,537,807.13 | 36,428,831.73 |
| Shares Outstanding (M) | 0.84 | 0.84 | 0.84 |
| Fair Value | $38,884,900.57 | $41,037,342.46 | $43,284,231.62 |
| Upside / Downside | 4,474.69% | 4,727.92% | 4,992.26% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 1272.HK | Datang Environment Industry Group Co., Ltd. | 13.53% | $0.15 | 42.28% |
| MID-UN.TO | MINT Income Fund | 13.47% | $1.06 | 61.55% |
| 1126.HK | Dream International Limited | 13.45% | $1.15 | 50.50% |
| HCO.PA | High Co. S.A. | 13.45% | $0.53 | 62.33% |
| 2348.HK | Dawnrays Pharmaceutical (Holdings) Limited | 13.44% | $0.16 | 33.06% |
| 0384.HK | China Gas Holdings Limited | 13.43% | $1.04 | 94.76% |
| AEF | Abrdn Emerging Markets Equity Income Fund Inc | 13.42% | $0.96 | 61.57% |
| 9616.HK | Neutech Group Limited | 13.40% | $0.34 | 55.10% |
| WN-PA.TO | George Weston Limited | 13.36% | $3.41 | 27.39% |
| CY4.F | Kelsian Group Limited | 13.31% | $0.32 | 78.26% |
| 1100.HK | Mainland Headwear Holdings Limited | 13.28% | $0.17 | 42.95% |
| 1755.HK | S-Enjoy Service Group Co., Limited | 13.28% | $0.37 | 33.22% |
| DRR.AX | Deterra Royalties Limited | 13.28% | $0.55 | 93.57% |
| 2942.TWO | Jing-Jan Retail Business Co., Ltd. | 13.27% | $4.19 | 62.94% |
| 1985.HK | Microware Group Limited | 13.26% | $0.17 | 68.95% |
| SSG.AX | Shaver Shop Group Limited | 13.25% | $0.20 | 86.08% |
| 1553.HK | Maike Tube Industry Holdings Limited | 13.22% | $0.20 | 27.92% |
| 3306.HK | JNBY Design Limited | 13.22% | $2.55 | 77.85% |
| 0363.HK | Shanghai Industrial Holdings Limited | 13.17% | $1.90 | 35.00% |
| 0579.HK | Beijing Jingneng Clean Energy Co., Limited | 13.09% | $0.30 | 42.68% |
| RI.PA | Pernod Ricard S.A. | 13.06% | $9.53 | 77.43% |
| VULC3.SA | Vulcabras S.A. | 13.05% | $2.60 | 60.16% |
| 600919.SS | Bank of Jiangsu Co., Ltd. | 13.01% | $1.35 | 72.63% |
| 1551.HK | Guangzhou Rural Commercial Bank Co., Ltd. | 13.00% | $0.20 | 58.85% |
| EIT-UN.TO | Canoe EIT Income Fund | 13.00% | $2.05 | 42.34% |
| 4334.SR | Al Maather Reit Fund | 12.98% | $1.16 | 89.22% |
| BCE-PA.TO | BCE Inc. | 12.97% | $2.71 | 39.91% |
| HLO.AX | Helloworld Travel Limited | 12.97% | $0.25 | 67.50% |
| 4347.SR | Bonyan REIT Fund | 12.96% | $1.21 | 93.24% |
| 1526.HK | Rici Healthcare Holdings Limited | 12.94% | $0.14 | 38.91% |
| 3709.HK | EEKA Fashion Holdings Limited | 12.93% | $0.99 | 58.41% |
| ELSA.JK | PT Elnusa Tbk | 12.90% | $65.79 | 79.08% |
| 3348.HK | China PengFei Group Limited | 12.88% | $0.16 | 42.43% |
| BAYU.JK | PT Bayu Buana Tbk | 12.87% | $175.00 | 59.18% |
| MJLF.BK | Major Cineplex Lifestyle Leasehold Property Fund. | 12.81% | $0.62 | 46.37% |
| 037460.KQ | Samji Electronics Co., Ltd. | 12.80% | $1,880.76 | 47.73% |
| 1785.HK | Chengdu Expressway Co., Ltd. | 12.79% | $0.26 | 88.07% |
| GWO-PN.TO | Great-West Lifeco Inc. | 12.76% | $2.39 | 53.09% |
| UNC.TO | United Corporations Limited | 12.75% | $1.87 | 60.14% |
| FDJ.PA | FDJ United | 12.74% | $3.83 | 90.91% |
| IRAO.ME | PJSC Inter RAO UES | 12.74% | $0.39 | 19.11% |
| 0OGG.L | S.A. Catana Group | 12.72% | $0.37 | 22.37% |
| TAPG.JK | PT Triputra Agro Persada Tbk | 12.65% | $191.00 | 90.66% |
| 2407.HK | Gaush Meditech Ltd | 12.64% | $1.02 | 77.13% |
| MPCK.DE | MPC Münchmeyer Petersen Capital AG | 12.63% | $0.62 | 60.64% |
| EDL.DE | Edel SE & Co. KGaA | 12.60% | $0.57 | 54.20% |
| 0086.HK | Sun Hung Kai & Co. Limited | 12.59% | $0.52 | 94.25% |
| 4340.SR | Al Rajhi REIT Fund | 12.56% | $1.00 | 83.50% |
| TRMD | TORM plc | 12.54% | $2.48 | 90.35% |
| 0819.HK | Tianneng Power International Limited | 12.50% | $0.89 | 35.06% |