Definitive Analysis
| Stable Growth | $1,497,389.07 - $5,272,633.59 | $4,941,229.85 |
| Multi-Stage | $670,661.10 - $734,032.98 | $701,765.42 |
| Blended Fair Value | $2,821,497.63 | |
| Current Price | $138,500.00 | |
| Upside | 1,937.18% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 20.45% | 16.82% | 5,319.83 | 4,631.37 | 3,604.16 | 2,231.24 | 1,697.16 | 2,098.44 | 2,438.36 | 1,811.45 | 1,702.53 | 1,597.30 |
| YoY Growth | - | - | 14.87% | 28.50% | 61.53% | 31.47% | -19.12% | -13.94% | 34.61% | 6.40% | 6.59% | 42.14% |
| Dividend Yield | - | - | 6.00% | 4.97% | 4.81% | 3.19% | 3.59% | 6.04% | 3.51% | 2.79% | 2.66% | 2.10% |
| Net Income To Common (M) | 1,594,728.08 |
| (-) Cash Dividends Paid (M) | 409,176.00 |
| (=) Cash Retained (M) | 1,185,552.08 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 318,945.62 | 199,341.01 | 119,604.61 |
| Cash Retained (M) | 1,185,552.08 | 1,185,552.08 | 1,185,552.08 |
| (-) Cash Required (M) | -318,945.62 | -199,341.01 | -119,604.61 |
| (=) Excess Retained (M) | 866,606.46 | 986,211.07 | 1,065,947.47 |
| (/) Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| (=) Excess Retained per Share | 14,407.30 | 16,395.73 | 17,721.34 |
| LTM Dividend per Share | 6,802.54 | 6,802.54 | 6,802.54 |
| (+) Excess Retained per Share | 14,407.30 | 16,395.73 | 17,721.34 |
| (=) Adjusted Dividend | 21,209.84 | 23,198.26 | 24,523.88 |
| WACC / Discount Rate | 6.99% | 6.99% | 6.99% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,497,389.07 | $4,941,229.85 | $5,272,633.59 |
| Upside / Downside | 981.15% | 3,467.67% | 3,706.96% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,594,728.08 | 1,698,385.40 | 1,808,780.46 | 1,926,351.19 | 2,051,564.01 | 2,184,915.67 | 2,250,463.14 |
| Payout Ratio | 25.66% | 38.53% | 51.39% | 64.26% | 77.13% | 90.00% | 92.50% |
| Projected Dividends (M) | 409,176.00 | 654,327.32 | 929,619.55 | 1,237,935.24 | 1,582,404.32 | 1,966,424.11 | 2,081,678.41 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.99% | 6.99% | 6.99% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 605,810.82 | 611,553.10 | 617,295.38 |
| Year 2 PV (M) | 796,873.13 | 812,051.33 | 827,372.71 |
| Year 3 PV (M) | 982,480.25 | 1,010,683.72 | 1,039,421.85 |
| Year 4 PV (M) | 1,162,747.27 | 1,207,463.25 | 1,253,456.73 |
| Year 5 PV (M) | 1,337,787.17 | 1,402,402.79 | 1,469,491.40 |
| PV of Terminal Value (M) | 35,454,901.86 | 37,167,386.88 | 38,945,412.73 |
| Equity Value (M) | 40,340,600.49 | 42,211,541.06 | 44,152,450.80 |
| Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| Fair Value | $670,661.10 | $701,765.42 | $734,032.98 |
| Upside / Downside | 384.23% | 406.69% | 429.99% |
| 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% |