Definitive Analysis
| Stable Growth | $391,399.86 - $1,951,342.67 | $819,570.57 |
| Multi-Stage | $240,634.29 - $263,470.14 | $251,841.62 |
| Blended Fair Value | $535,706.10 | |
| Current Price | $61,400.00 | |
| Upside | 772.49% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 8.81% | 12.23% | 2,568.44 | 2,962.12 | 3,123.26 | 2,470.36 | 1,963.80 | 1,683.93 | 1,448.67 | 1,432.17 | 1,356.24 | 1,107.04 |
| YoY Growth | - | - | -13.29% | -5.16% | 26.43% | 25.79% | 16.62% | 16.24% | 1.15% | 5.60% | 22.51% | 36.61% |
| Dividend Yield | - | - | 5.46% | 6.50% | 8.84% | 5.95% | 5.24% | 5.89% | 3.31% | 3.13% | 2.91% | 2.73% |
| Net Income To Common (M) | 4,867,041.00 |
| (-) Cash Dividends Paid (M) | 1,292,142.00 |
| (=) Cash Retained (M) | 3,574,899.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 973,408.20 | 608,380.13 | 365,028.08 |
| Cash Retained (M) | 3,574,899.00 | 3,574,899.00 | 3,574,899.00 |
| (-) Cash Required (M) | -973,408.20 | -608,380.13 | -365,028.08 |
| (=) Excess Retained (M) | 2,601,490.80 | 2,966,518.88 | 3,209,870.93 |
| (/) Shares Outstanding (M) | 493.35 | 493.35 | 493.35 |
| (=) Excess Retained per Share | 5,273.08 | 6,012.97 | 6,506.24 |
| LTM Dividend per Share | 2,619.10 | 2,619.10 | 2,619.10 |
| (+) Excess Retained per Share | 5,273.08 | 6,012.97 | 6,506.24 |
| (=) Adjusted Dividend | 7,892.18 | 8,632.08 | 9,125.34 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 4.92% | 5.92% | 6.92% |
| Fair Value | $391,399.86 | $819,570.57 | $1,951,342.67 |
| Upside / Downside | 537.46% | 1,234.81% | 3,078.08% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 4,867,041.00 | 5,155,117.49 | 5,460,245.00 | 5,783,432.79 | 6,125,749.81 | 6,488,328.32 | 6,682,978.17 |
| Payout Ratio | 26.55% | 39.24% | 51.93% | 64.62% | 77.31% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,292,142.00 | 2,022,819.48 | 2,835,466.60 | 3,737,226.99 | 4,735,802.73 | 5,839,495.49 | 6,181,754.81 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 4.92% | 5.92% | 6.92% |
| Year 1 PV (M) | 1,872,033.31 | 1,889,875.98 | 1,907,718.64 |
| Year 2 PV (M) | 2,428,496.20 | 2,475,009.63 | 2,521,964.28 |
| Year 3 PV (M) | 2,962,230.27 | 3,047,740.68 | 3,134,881.07 |
| Year 4 PV (M) | 3,473,916.60 | 3,608,264.10 | 3,746,471.16 |
| Year 5 PV (M) | 3,964,218.26 | 4,156,772.14 | 4,356,736.71 |
| PV of Terminal Value (M) | 104,016,755.24 | 109,069,158.65 | 114,316,010.37 |
| Equity Value (M) | 118,717,649.88 | 124,246,821.17 | 129,983,782.24 |
| Shares Outstanding (M) | 493.35 | 493.35 | 493.35 |
| Fair Value | $240,634.29 | $251,841.62 | $263,470.14 |
| Upside / Downside | 291.91% | 310.17% | 329.10% |
| 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% |