Definitive Analysis
| Stable Growth | $752,410.15 - $2,715,146.09 | $2,393,944.34 |
| Multi-Stage | $344,204.82 - $376,592.67 | $360,102.03 |
| Blended Fair Value | $1,377,023.19 | |
| Current Price | $87,200.00 | |
| Upside | 1,479.16% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 13.39% | 25.63% | 3,891.80 | 4,835.85 | 3,227.28 | 2,067.47 | 2,117.90 | 2,076.65 | 1,695.27 | 1,126.27 | 767.91 | 604.82 |
| YoY Growth | - | - | -19.52% | 49.84% | 56.10% | -2.38% | 1.99% | 22.50% | 50.52% | 46.67% | 26.97% | 52.21% |
| Dividend Yield | - | - | 6.53% | 8.57% | 7.93% | 4.25% | 4.95% | 8.99% | 4.51% | 2.46% | 2.08% | 2.44% |
| Net Income To Common (M) | 3,946,935.00 |
| (-) Cash Dividends Paid (M) | 1,341,315.00 |
| (=) Cash Retained (M) | 2,605,620.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 789,387.00 | 493,366.88 | 296,020.13 |
| Cash Retained (M) | 2,605,620.00 | 2,605,620.00 | 2,605,620.00 |
| (-) Cash Required (M) | -789,387.00 | -493,366.88 | -296,020.13 |
| (=) Excess Retained (M) | 1,816,233.00 | 2,112,253.13 | 2,309,599.88 |
| (/) Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| (=) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| LTM Dividend per Share | 4,639.64 | 4,639.64 | 4,639.64 |
| (+) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| (=) Adjusted Dividend | 10,922.02 | 11,945.96 | 12,628.59 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $752,410.15 | $2,393,944.34 | $2,715,146.09 |
| Upside / Downside | 762.86% | 2,645.35% | 3,013.70% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 3,946,935.00 | 4,203,485.78 | 4,476,712.35 | 4,767,698.65 | 5,077,599.07 | 5,407,643.00 | 5,569,872.30 |
| Payout Ratio | 33.98% | 45.19% | 56.39% | 67.59% | 78.80% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,341,315.00 | 1,899,427.82 | 2,524,428.25 | 3,222,653.65 | 4,000,982.65 | 4,866,878.70 | 5,152,131.87 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 1,757,981.36 | 1,774,644.69 | 1,791,308.02 |
| Year 2 PV (M) | 2,162,449.50 | 2,203,638.09 | 2,245,215.25 |
| Year 3 PV (M) | 2,554,983.20 | 2,628,327.58 | 2,703,062.34 |
| Year 4 PV (M) | 2,935,841.16 | 3,048,745.32 | 3,164,875.08 |
| Year 5 PV (M) | 3,305,277.14 | 3,464,923.27 | 3,630,679.42 |
| PV of Terminal Value (M) | 86,792,822.92 | 90,984,948.72 | 95,337,517.04 |
| Equity Value (M) | 99,509,355.28 | 104,105,227.67 | 108,872,657.16 |
| Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| Fair Value | $344,204.82 | $360,102.03 | $376,592.67 |
| Upside / Downside | 294.73% | 312.96% | 331.87% |
| 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% |