Definitive Analysis
| Stable Growth | $459,181.18 - $2,492,807.46 | $896,321.64 |
| Multi-Stage | $504,732.83 - $554,717.22 | $529,249.87 |
| Blended Fair Value | $712,785.76 | |
| Current Price | $39,300.00 | |
| Upside | 1,713.70% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 5.02% | -3.80% | 197.68 | 70.60 | 65.97 | 1,265.12 | 126.64 | 154.77 | 933.68 | 2,087.95 | 3,253.19 | 638.48 |
| YoY Growth | - | - | 180.00% | 7.03% | -94.79% | 898.99% | -18.18% | -83.42% | -55.28% | -35.82% | 409.52% | 119.21% |
| Dividend Yield | - | - | 0.91% | 0.32% | 0.37% | 5.59% | 0.55% | 0.80% | 3.08% | 6.36% | 7.00% | 1.06% |
| Net Income To Common (M) | 8,237,058.00 |
| (-) Cash Dividends Paid (M) | 256,967.00 |
| (=) Cash Retained (M) | 7,980,091.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,647,411.60 | 1,029,632.25 | 617,779.35 |
| Cash Retained (M) | 7,980,091.00 | 7,980,091.00 | 7,980,091.00 |
| (-) Cash Required (M) | -1,647,411.60 | -1,029,632.25 | -617,779.35 |
| (=) Excess Retained (M) | 6,332,679.40 | 6,950,458.75 | 7,362,311.65 |
| (/) Shares Outstanding (M) | 641.96 | 641.96 | 641.96 |
| (=) Excess Retained per Share | 9,864.54 | 10,826.87 | 11,468.42 |
| LTM Dividend per Share | 400.28 | 400.28 | 400.28 |
| (+) Excess Retained per Share | 9,864.54 | 10,826.87 | 11,468.42 |
| (=) Adjusted Dividend | 10,264.82 | 11,227.15 | 11,868.70 |
| WACC / Discount Rate | 5.32% | 5.32% | 5.32% |
| Growth Rate | 3.02% | 4.02% | 5.02% |
| Fair Value | $459,181.18 | $896,321.64 | $2,492,807.46 |
| Upside / Downside | 1,068.40% | 2,180.72% | 6,243.02% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 8,237,058.00 | 8,567,859.96 | 8,911,946.99 | 9,269,852.63 | 9,642,131.84 | 10,029,361.85 | 10,330,242.71 |
| Payout Ratio | 3.12% | 20.50% | 37.87% | 55.25% | 72.62% | 90.00% | 92.50% |
| Projected Dividends (M) | 256,967.00 | 1,756,044.27 | 3,375,113.60 | 5,121,395.03 | 7,002,494.99 | 9,026,425.67 | 9,555,474.50 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.32% | 5.32% | 5.32% |
| Growth Rate | 3.02% | 4.02% | 5.02% |
| Year 1 PV (M) | 1,651,329.20 | 1,667,359.03 | 1,683,388.86 |
| Year 2 PV (M) | 2,984,590.79 | 3,042,816.23 | 3,101,604.16 |
| Year 3 PV (M) | 4,258,757.14 | 4,383,987.12 | 4,511,648.31 |
| Year 4 PV (M) | 5,475,775.12 | 5,691,509.50 | 5,913,556.57 |
| Year 5 PV (M) | 6,637,534.74 | 6,966,010.64 | 7,307,364.09 |
| PV of Terminal Value (M) | 303,012,319.67 | 318,007,682.54 | 333,590,923.42 |
| Equity Value (M) | 324,020,306.66 | 339,759,365.06 | 356,108,485.40 |
| Shares Outstanding (M) | 641.96 | 641.96 | 641.96 |
| Fair Value | $504,732.83 | $529,249.87 | $554,717.22 |
| Upside / Downside | 1,184.31% | 1,246.69% | 1,311.49% |
| 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% |