Definitive Analysis
| Stable Growth | $956,301.75 - $3,949,959.84 | $2,458,251.08 |
| Multi-Stage | $472,811.64 - $517,218.91 | $494,608.90 |
| Blended Fair Value | $1,476,429.99 | |
| Current Price | $100,700.00 | |
| Upside | 1,366.17% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 43.48% | 22.71% | 5,567.30 | 3,560.33 | 3,051.71 | 1,017.24 | 1,169.82 | 915.51 | 813.79 | 1,118.96 | 1,118.96 | 1,025.17 |
| YoY Growth | - | - | 56.37% | 16.67% | 200.00% | -13.04% | 27.78% | 12.50% | -27.27% | 0.00% | 9.15% | 42.53% |
| Dividend Yield | - | - | 6.03% | 3.28% | 3.77% | 1.37% | 1.41% | 3.52% | 2.30% | 3.61% | 3.02% | 2.12% |
| Net Income To Common (M) | 7,828,160.00 |
| (-) Cash Dividends Paid (M) | 2,559,045.00 |
| (=) Cash Retained (M) | 5,269,115.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,565,632.00 | 978,520.00 | 587,112.00 |
| Cash Retained (M) | 5,269,115.00 | 5,269,115.00 | 5,269,115.00 |
| (-) Cash Required (M) | -1,565,632.00 | -978,520.00 | -587,112.00 |
| (=) Excess Retained (M) | 3,703,483.00 | 4,290,595.00 | 4,682,003.00 |
| (/) Shares Outstanding (M) | 394.14 | 394.14 | 394.14 |
| (=) Excess Retained per Share | 9,396.44 | 10,886.05 | 11,879.13 |
| LTM Dividend per Share | 6,492.78 | 6,492.78 | 6,492.78 |
| (+) Excess Retained per Share | 9,396.44 | 10,886.05 | 11,879.13 |
| (=) Adjusted Dividend | 15,889.22 | 17,378.83 | 18,371.91 |
| WACC / Discount Rate | 7.25% | 7.25% | 7.25% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $956,301.75 | $2,458,251.08 | $3,949,959.84 |
| Upside / Downside | 849.65% | 2,341.16% | 3,822.50% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 7,828,160.00 | 8,336,990.40 | 8,878,894.78 | 9,456,022.94 | 10,070,664.43 | 10,725,257.62 | 11,047,015.34 |
| Payout Ratio | 32.69% | 44.15% | 55.61% | 67.08% | 78.54% | 90.00% | 92.50% |
| Projected Dividends (M) | 2,559,045.00 | 3,680,964.61 | 4,937,921.81 | 6,342,731.36 | 7,909,303.44 | 9,652,731.85 | 10,218,489.19 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.25% | 7.25% | 7.25% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 3,399,815.93 | 3,432,041.67 | 3,464,267.41 |
| Year 2 PV (M) | 4,212,420.64 | 4,292,655.42 | 4,373,647.13 |
| Year 3 PV (M) | 4,997,555.23 | 5,141,017.09 | 5,287,198.51 |
| Year 4 PV (M) | 5,755,900.58 | 5,977,256.28 | 6,204,935.95 |
| Year 5 PV (M) | 6,488,122.63 | 6,801,501.38 | 7,126,873.87 |
| PV of Terminal Value (M) | 161,498,746.65 | 169,299,196.50 | 177,398,187.93 |
| Equity Value (M) | 186,352,561.66 | 194,943,668.33 | 203,855,110.80 |
| Shares Outstanding (M) | 394.14 | 394.14 | 394.14 |
| Fair Value | $472,811.64 | $494,608.90 | $517,218.91 |
| Upside / Downside | 369.52% | 391.17% | 413.62% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 0QLX.L | Metall Zug AG | 4.87% | $39.89 | 32.62% |
| 6418.T | Japan Cash Machine Co., Ltd. | 4.86% | $49.98 | 71.76% |
| A2A.MI | A2A S.p.A. | 4.86% | $0.11 | 47.95% |
| GEST.MC | Gestamp Automoción, S.A. | 4.86% | $0.15 | 50.80% |
| 2296.HK | Huarchi Global Group Holdings Limited | 4.85% | $0.05 | 78.87% |
| 7004.T | Kanadevia Corp | 4.85% | $46.09 | 36.42% |
| 001630.KS | Chong Kun Dang Holdings Corp. | 4.84% | $2,194.23 | 30.09% |
| 020000.KS | HANDSOME Corp. | 4.84% | $749.99 | 41.55% |
| 0906.HK | CPMC Holdings Limited | 4.84% | $0.34 | 39.95% |
| 603323.SS | Jiangsu Suzhou Rural Commercial Bank Co., Ltd | 4.84% | $0.24 | 24.36% |
| ESEA | Euroseas Ltd. | 4.84% | $2.62 | 15.15% |
| JPFA.JK | PT Japfa Comfeed Indonesia Tbk | 4.84% | $140.43 | 48.97% |
| LPH.BK | Ladprao General Hospital Public Company Limited | 4.84% | $0.18 | 77.89% |
| PTNT3.SA | Pettenati S.A. Industria Têxtil | 4.84% | $0.42 | 43.56% |
| 002100.KS | Kyung Nong Corporation | 4.83% | $449.74 | 46.25% |
| 3IT.F | audius SE | 4.83% | $0.67 | 47.79% |
| ME8U.SI | Mapletree Industrial Trust | 4.83% | $0.10 | 84.21% |
| SOAG.OL | SpareBank 1 Østfold Akershus | 4.83% | $21.88 | 42.41% |
| 0693.HK | Tan Chong International Limited | 4.82% | $0.10 | 28.87% |
| 2152.HK | Suxin Joyful Life Services Co., Ltd. | 4.82% | $0.27 | 19.91% |
| BDMN.JK | PT Bank Danamon Indonesia Tbk | 4.82% | $119.56 | 31.76% |
| EKAD.JK | PT Ekadharma International Tbk | 4.82% | $8.87 | 98.38% |
| PTG-R.BK | PTG Energy Public Company Limited | 4.82% | $0.34 | 62.48% |
| VEND.OL | Vend Marketplaces ASA | 4.82% | $17.24 | 49.52% |
| 1890.HK | China Kepei Education Group Limited | 4.81% | $0.06 | 16.29% |
| BASS.PA | Bassac S.A. | 4.81% | $2.46 | 28.93% |
| DEYAAR.AE | Deyaar Development PJSC | 4.81% | $0.05 | 40.79% |
| SDF.AX | Steadfast Group Limited | 4.81% | $0.26 | 50.20% |
| SXE.AX | Southern Cross Electrical Engineering Limited | 4.81% | $0.12 | 59.32% |
| HPOL-B.ST | HEXPOL AB (publ) | 4.80% | $4.21 | 74.04% |
| MEGA-R.BK | Mega Lifesciences Public Company Limited | 4.80% | $1.61 | 70.67% |
| PTL-R.BK | Polyplex (Thailand) Public Company Limited | 4.80% | $0.40 | 81.34% |
| 000828.SZ | Dongguan Development (Holdings) Co., Ltd. | 4.79% | $0.52 | 50.35% |
| 002372.SZ | Zhejiang Weixing New Building Materials Co., Ltd. | 4.79% | $0.50 | 90.51% |
| 002736.SZ | Guosen Securities Co., Ltd. | 4.79% | $0.63 | 51.57% |
| 600612.SS | Lao Feng Xiang Co., Ltd. | 4.79% | $2.13 | 69.19% |
| 6285.TW | WNC Corporation | 4.79% | $4.79 | 75.15% |
| 6642.TWO | Fuzetec Technology Co., Ltd. | 4.79% | $2.50 | 94.93% |
| BSGR.AS | B&S Group S.A. | 4.79% | $0.28 | 24.05% |
| 030210.KS | Daol Investment & Securities Co., Ltd. | 4.78% | $165.86 | 88.74% |
| 0960.HK | Longfor Group Holdings Limited | 4.78% | $0.42 | 15.35% |
| 2176.HK | CCID Consulting Company Limited | 4.78% | $0.08 | 66.12% |
| 600820.SS | Shanghai Tunnel Engineering Co., Ltd. | 4.77% | $0.31 | 38.17% |
| 8097.T | San-Ai Obbli Co., Ltd. | 4.77% | $100.80 | 88.28% |
| 2722.HK | Chongqing Machinery & Electric Co., Ltd. | 4.76% | $0.09 | 35.27% |
| 7267.T | Honda Motor Co., Ltd. | 4.76% | $73.14 | 47.07% |
| VALMT.HE | Valmet Oyj | 4.76% | $1.35 | 90.84% |
| 000928.SZ | Sinosteel Engineering & Technology Co., Ltd. | 4.75% | $0.31 | 60.04% |
| 029780.KS | Samsung Card Co., Ltd. | 4.75% | $2,578.91 | 46.87% |
| 2020.HK | ANTA Sports Products Limited | 4.75% | $3.89 | 40.14% |