Definitive Analysis
| Stable Growth | $830,052.99 - $2,416,309.77 | $2,264,436.12 |
| Multi-Stage | $333,239.06 - $364,622.10 | $348,642.85 |
| Blended Fair Value | $1,306,539.48 | |
| Current Price | $156,600.00 | |
| Upside | 734.32% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 8.73% | 13.54% | 4,026.46 | 3,326.47 | 3,300.35 | 2,499.98 | 2,649.98 | 2,649.98 | 1,999.99 | 1,420.11 | 2,484.16 | 1,895.21 |
| YoY Growth | - | - | 21.04% | 0.79% | 32.01% | -5.66% | 0.00% | 32.50% | 40.83% | -42.83% | 31.08% | 67.58% |
| Dividend Yield | - | - | 4.86% | 3.64% | 5.26% | 3.79% | 3.39% | 6.16% | 2.38% | 1.22% | 2.29% | 1.61% |
| Net Income To Common (M) | 2,181,829.00 |
| (-) Cash Dividends Paid (M) | 866,715.00 |
| (=) Cash Retained (M) | 1,315,114.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 436,365.80 | 272,728.63 | 163,637.18 |
| Cash Retained (M) | 1,315,114.00 | 1,315,114.00 | 1,315,114.00 |
| (-) Cash Required (M) | -436,365.80 | -272,728.63 | -163,637.18 |
| (=) Excess Retained (M) | 878,748.20 | 1,042,385.38 | 1,151,476.83 |
| (/) Shares Outstanding (M) | 179.58 | 179.58 | 179.58 |
| (=) Excess Retained per Share | 4,893.46 | 5,804.70 | 6,412.20 |
| LTM Dividend per Share | 4,826.45 | 4,826.45 | 4,826.45 |
| (+) Excess Retained per Share | 4,893.46 | 5,804.70 | 6,412.20 |
| (=) Adjusted Dividend | 9,719.91 | 10,631.16 | 11,238.65 |
| WACC / Discount Rate | 6.74% | 6.74% | 6.74% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $830,052.99 | $2,264,436.12 | $2,416,309.77 |
| Upside / Downside | 430.05% | 1,346.00% | 1,442.98% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 2,181,829.00 | 2,323,647.89 | 2,474,685.00 | 2,635,539.52 | 2,806,849.59 | 2,989,294.81 | 3,078,973.66 |
| Payout Ratio | 39.72% | 49.78% | 59.83% | 69.89% | 79.94% | 90.00% | 92.50% |
| Projected Dividends (M) | 866,715.00 | 1,156,697.80 | 1,480,716.49 | 1,841,970.57 | 2,243,931.64 | 2,690,365.33 | 2,848,050.63 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.74% | 6.74% | 6.74% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 1,073,530.19 | 1,083,705.83 | 1,093,881.47 |
| Year 2 PV (M) | 1,275,441.72 | 1,299,735.30 | 1,324,258.07 |
| Year 3 PV (M) | 1,472,535.40 | 1,514,806.60 | 1,557,879.13 |
| Year 4 PV (M) | 1,664,895.71 | 1,728,922.90 | 1,794,779.31 |
| Year 5 PV (M) | 1,852,605.82 | 1,942,087.37 | 2,034,993.60 |
| PV of Terminal Value (M) | 52,502,728.97 | 55,038,630.41 | 57,671,586.77 |
| Equity Value (M) | 59,841,737.82 | 62,607,888.43 | 65,477,378.35 |
| Shares Outstanding (M) | 179.58 | 179.58 | 179.58 |
| Fair Value | $333,239.06 | $348,642.85 | $364,622.10 |
| Upside / Downside | 112.80% | 122.63% | 132.84% |
| 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% |