Definitive Analysis
| Stable Growth | $7,530,502.03 - $31,672,972.43 | $18,910,225.02 |
| Multi-Stage | $4,175,904.02 - $4,576,873.92 | $4,372,672.24 |
| Blended Fair Value | $11,641,448.63 | |
| Current Price | $384,000.00 | |
| Upside | 2,931.63% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | -7.84% | -2.88% | 8,000.19 | 8,000.19 | 7,248.18 | 6,248.15 | 6,804.49 | 12,034.29 | 12,034.41 | 12,059.64 | 12,069.50 | 11,989.72 |
| YoY Growth | - | - | 0.00% | 10.38% | 16.01% | -8.18% | -43.46% | 0.00% | -0.21% | -0.08% | 0.67% | 11.84% |
| Dividend Yield | - | - | 3.17% | 3.11% | 3.26% | 1.83% | 2.87% | 9.29% | 3.85% | 3.49% | 3.41% | 2.88% |
| Net Income To Common (M) | 1,177,191.38 |
| (-) Cash Dividends Paid (M) | 73,541.71 |
| (=) Cash Retained (M) | 1,103,649.67 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 235,438.28 | 147,148.92 | 88,289.35 |
| Cash Retained (M) | 1,103,649.67 | 1,103,649.67 | 1,103,649.67 |
| (-) Cash Required (M) | -235,438.28 | -147,148.92 | -88,289.35 |
| (=) Excess Retained (M) | 868,211.40 | 956,500.75 | 1,015,360.32 |
| (/) Shares Outstanding (M) | 7.35 | 7.35 | 7.35 |
| (=) Excess Retained per Share | 118,059.75 | 130,065.37 | 138,069.12 |
| LTM Dividend per Share | 10,000.23 | 10,000.23 | 10,000.23 |
| (+) Excess Retained per Share | 118,059.75 | 130,065.37 | 138,069.12 |
| (=) Adjusted Dividend | 128,059.98 | 140,065.61 | 148,069.35 |
| WACC / Discount Rate | 6.74% | 6.74% | 6.74% |
| Growth Rate | 4.95% | 5.95% | 6.95% |
| Fair Value | $7,530,502.03 | $18,910,225.02 | $31,672,972.43 |
| Upside / Downside | 1,861.07% | 4,824.54% | 8,148.17% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,177,191.38 | 1,247,271.54 | 1,321,523.69 | 1,400,196.19 | 1,483,552.20 | 1,571,870.53 | 1,619,026.64 |
| Payout Ratio | 6.25% | 23.00% | 39.75% | 56.50% | 73.25% | 90.00% | 92.50% |
| Projected Dividends (M) | 73,541.71 | 286,844.69 | 525,283.61 | 791,095.27 | 1,086,693.73 | 1,414,683.47 | 1,497,599.64 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.74% | 6.74% | 6.74% |
| Growth Rate | 4.95% | 5.95% | 6.95% |
| Year 1 PV (M) | 266,200.94 | 268,737.31 | 271,273.69 |
| Year 2 PV (M) | 452,396.63 | 461,058.63 | 469,802.76 |
| Year 3 PV (M) | 632,291.08 | 650,537.36 | 669,131.32 |
| Year 4 PV (M) | 806,042.96 | 837,204.91 | 869,261.80 |
| Year 5 PV (M) | 973,807.39 | 1,021,092.39 | 1,070,196.61 |
| PV of Terminal Value (M) | 27,578,859.17 | 28,918,001.08 | 30,308,664.62 |
| Equity Value (M) | 30,709,598.18 | 32,156,631.68 | 33,658,330.81 |
| Shares Outstanding (M) | 7.35 | 7.35 | 7.35 |
| Fair Value | $4,175,904.02 | $4,372,672.24 | $4,576,873.92 |
| Upside / Downside | 987.48% | 1,038.72% | 1,091.89% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| DIB.AE | Dubai Islamic Bank P.J.S.C. | 4.96% | $0.47 | 41.66% |
| 002701.SZ | ORG Technology Co.,Ltd. | 4.95% | $0.29 | 68.18% |
| 3702.TW | WPG Holdings Limited | 4.95% | $2.93 | 81.01% |
| 5353.TWO | Tailyn Technologies, Inc. | 4.95% | $1.29 | 92.09% |
| 8966.T | Heiwa Real Estate REIT, Inc. | 4.95% | $7,784.94 | 62.25% |
| BOBA.JK | PT Formosa Ingredient Factory Tbk | 4.95% | $9.00 | 50.69% |
| EPG-R.BK | Eastern Polymer Group Public Company Limited | 4.95% | $0.14 | 39.44% |
| MMP-UN.TO | Precious Metals and Mining Trust | 4.95% | $0.19 | 37.80% |
| VFQS.QA | Vodafone Qatar P.Q.S.C. | 4.95% | $0.12 | 80.20% |
| WJX.TO | Wajax Corporation | 4.95% | $1.37 | 65.74% |
| 0RI3.L | Pareto Bank ASA | 4.94% | $4.49 | 50.07% |
| 3226.T | Mitsui Fudosan Accommodations Fund Inc. | 4.94% | $6,633.11 | 72.65% |
| 600987.SS | Zhejiang Hangmin Co.,Ltd | 4.94% | $0.34 | 47.75% |
| 6596.TWO | Kuang Hong Arts Management Incorporation | 4.94% | $6.99 | 37.90% |
| ALLUX.PA | Installux S.A. | 4.94% | $15.31 | 29.71% |
| 5110.SR | Saudi Electricity Company | 4.93% | $0.70 | 51.64% |
| HYPE3.SA | Hypera S.A. | 4.93% | $1.15 | 88.85% |
| 0966.HK | China Taiping Insurance Holdings Company Limited | 4.92% | $0.95 | 21.78% |
| 5213.TWO | YeaShin International Development Co., Ltd. | 4.92% | $1.18 | 37.56% |
| 600295.SS | Inner Mongolia Erdos Resources Co.,ltd. | 4.92% | $0.61 | 92.93% |
| 6192.TW | Lumax International Corp., Ltd. | 4.92% | $5.48 | 52.55% |
| E3G1.SG | Evolution AB (publ) | 4.92% | $2.84 | 50.73% |
| XO.BK | Exotic Food Public Company Limited | 4.92% | $0.72 | 57.45% |
| 059090.KQ | MiCo Ltd. | 4.91% | $674.36 | 69.83% |
| 0662.HK | Asia Financial Holdings Limited | 4.91% | $0.24 | 19.50% |
| 4928.T | Noevir Holdings Co., Ltd. | 4.91% | $224.94 | 95.68% |
| 600970.SS | Sinoma International Engineering Co.Ltd | 4.91% | $0.51 | 44.22% |
| 601319.SS | The People's Insurance Company (Group) of China Limited | 4.91% | $0.44 | 42.28% |
| EVLI.HE | Evli Oyj | 4.91% | $1.14 | 92.58% |
| MRX | Marex Group plc Ordinary Shares | 4.91% | $1.86 | 38.69% |
| SPMA.JK | PT Suparma Tbk | 4.91% | $11.97 | 34.68% |
| TABREED.AE | National Central Cooling Company PJSC | 4.91% | $0.16 | 77.99% |
| 081660.KS | Misto Holdings Corp. | 4.90% | $2,010.62 | 62.73% |
| 300770.SZ | Guangdong South New Media Co.,Ltd. | 4.90% | $2.08 | 63.80% |
| 7944.T | Roland Corporation | 4.90% | $174.95 | 64.69% |
| IGT | International Game Technology PLC | 4.90% | $0.80 | 83.51% |
| SYDB.CO | Sydbank A/S | 4.90% | $27.57 | 61.30% |
| 7246.KL | Signature International Berhad | 4.89% | $0.07 | 48.72% |
| 9917.TW | Taiwan Secom Co., Ltd. | 4.89% | $5.28 | 80.23% |
| QBE.AX | QBE Insurance Group Limited | 4.89% | $0.97 | 39.27% |
| TRIS3.SA | Trisul S.A. | 4.89% | $0.30 | 25.32% |
| 000877.SZ | Tianshan Material Co., Ltd. | 4.88% | $0.26 | 93.74% |
| 0236.HK | San Miguel Brewery Hong Kong Limited | 4.88% | $0.06 | 33.49% |
| 4007.SR | Al Hammadi Holding Company | 4.88% | $1.38 | 84.27% |
| 600901.SS | Jiangsu Financial Leasing Co., Ltd. | 4.88% | $0.30 | 54.72% |
| 601098.SS | China South Publishing & Media Group Co., Ltd | 4.88% | $0.55 | 62.37% |
| SPIE.PA | SPIE S.a. | 4.88% | $2.40 | 95.87% |
| TOTO.JK | PT Surya Toto Indonesia Tbk | 4.88% | $13.17 | 36.11% |
| 002035.SZ | Vatti Corporation Limited | 4.87% | $0.30 | 57.45% |
| 002807.SZ | Jiangsu Jiangyin Rural Commercial Bank Co.,LTD. | 4.87% | $0.22 | 25.03% |