Definitive Analysis
| Stable Growth | $91,560.39 - $140,622.09 | $114,427.68 |
| Multi-Stage | $207,542.87 - $228,032.27 | $217,587.98 |
| Blended Fair Value | $166,007.83 | |
| Current Price | $110,000.00 | |
| Upside | 50.92% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 0.00% | 0.00% | 5,457.32 | 5,132.02 | 4,580.84 | 4,230.93 | 1,534.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| YoY Growth | - | - | 6.34% | 12.03% | 8.27% | 175.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Dividend Yield | - | - | 4.57% | 4.24% | 3.33% | 2.64% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Income To Common (M) | 7,330.93 |
| (-) Cash Dividends Paid (M) | 5,984.02 |
| (=) Cash Retained (M) | 1,346.92 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,466.19 | 916.37 | 549.82 |
| Cash Retained (M) | 1,346.92 | 1,346.92 | 1,346.92 |
| (-) Cash Required (M) | -1,466.19 | -916.37 | -549.82 |
| (=) Excess Retained (M) | -119.27 | 430.55 | 797.10 |
| (/) Shares Outstanding (M) | 0.73 | 0.73 | 0.73 |
| (=) Excess Retained per Share | -163.94 | 591.82 | 1,095.67 |
| LTM Dividend per Share | 8,225.45 | 8,225.45 | 8,225.45 |
| (+) Excess Retained per Share | -163.94 | 591.82 | 1,095.67 |
| (=) Adjusted Dividend | 8,061.51 | 8,817.27 | 9,321.12 |
| WACC / Discount Rate | 6.63% | 6.63% | 6.63% |
| Growth Rate | -2.00% | -1.00% | 0.00% |
| Fair Value | $91,560.39 | $114,427.68 | $140,622.09 |
| Upside / Downside | -16.76% | 4.03% | 27.84% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 7,330.93 | 7,257.62 | 7,185.05 | 7,113.20 | 7,042.06 | 6,971.64 | 7,180.79 |
| Payout Ratio | 81.63% | 83.30% | 84.98% | 86.65% | 88.33% | 90.00% | 92.50% |
| Projected Dividends (M) | 5,984.02 | 6,045.71 | 6,105.58 | 6,163.64 | 6,219.93 | 6,274.48 | 6,642.23 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.63% | 6.63% | 6.63% |
| Growth Rate | -2.00% | -1.00% | 0.00% |
| Year 1 PV (M) | 5,612.61 | 5,669.89 | 5,727.16 |
| Year 2 PV (M) | 5,262.14 | 5,370.07 | 5,479.11 |
| Year 3 PV (M) | 4,931.63 | 5,084.14 | 5,239.77 |
| Year 4 PV (M) | 4,620.15 | 4,811.63 | 5,009.01 |
| Year 5 PV (M) | 4,326.79 | 4,552.10 | 4,786.69 |
| PV of Terminal Value (M) | 126,234.12 | 132,807.42 | 139,651.75 |
| Equity Value (M) | 150,987.43 | 158,295.25 | 165,893.48 |
| Shares Outstanding (M) | 0.73 | 0.73 | 0.73 |
| Fair Value | $207,542.87 | $217,587.98 | $228,032.27 |
| Upside / Downside | 88.68% | 97.81% | 107.30% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 603551.SS | AUPU Intelligent Technology Corporation Limited | 4.75% | $0.55 | 70.57% |
| ABCB4.SA | Banco ABC Brasil S.A. | 4.75% | $1.12 | 27.47% |
| ASSA.JK | PT Adi Sarana Armada Tbk | 4.75% | $55.37 | 53.84% |
| CHMF.ME | PJSC Severstal | 4.75% | $45.69 | 47.39% |
| LMN.SW | lastminute.com N.V. | 4.75% | $0.62 | 39.82% |
| LREN3.SA | Lojas Renner S.A. | 4.75% | $0.64 | 45.84% |
| POT.NZ | Port of Tauranga Limited | 4.75% | $0.37 | 93.98% |
| 005720.KS | Nexen Corporation | 4.74% | $283.16 | 21.67% |
| 0DTK.L | Savencia S.A. | 4.74% | $2.97 | 20.78% |
| 1368.HK | Xtep International Holdings Limited | 4.74% | $0.25 | 35.82% |
| 3030.SR | Saudi Cement Company | 4.74% | $1.64 | 59.10% |
| EGIE3.SA | Engie Brasil Energia S.A. | 4.74% | $1.48 | 39.71% |
| 3570.TWO | Otsuka Information Technology Corp. | 4.73% | $7.97 | 55.25% |
| 600096.SS | Yunnan Yuntianhua Co., Ltd. | 4.73% | $1.58 | 51.07% |
| CHE-UN.TO | Chemtrade Logistics Income Fund | 4.73% | $0.70 | 71.01% |
| GVH | Globavend Holdings Limited | 4.73% | $0.07 | 61.06% |
| MOUR.BR | Moury Construct S.A. | 4.73% | $27.35 | 20.85% |
| 1578.HK | Bank of Tianjin Co., Ltd. | 4.72% | $0.12 | 10.90% |
| 601598.SS | Sinotrans Limited | 4.72% | $0.29 | 56.81% |
| 6393.T | Yuken Kogyo Co., Ltd. | 4.72% | $152.08 | 45.60% |
| 7278.T | EXEDY Corporation | 4.72% | $264.78 | 76.11% |
| SHURB.XD | Shurgard Self Storage Ltd | 4.72% | $1.38 | 21.77% |
| TD | The Toronto-Dominion Bank | 4.72% | $4.46 | 37.31% |
| 0QLW.L | ALSO Holding AG | 4.71% | $10.07 | 55.86% |
| 111110.KS | Hojeon Limited | 4.71% | $377.81 | 20.16% |
| 3413.TW | Foxsemicon Integrated Technology Inc. | 4.71% | $13.29 | 62.47% |
| BVG.BK | BlueVenture Group Public Company Limited | 4.71% | $0.08 | 58.67% |
| DUNI.ST | Duni AB (publ) | 4.71% | $5.00 | 71.87% |
| 002810.KS | Samyung Trading Co., Ltd. | 4.70% | $746.82 | 22.45% |
| 013520.KS | Hwaseung Corporation Co.,Ltd. | 4.70% | $101.24 | 13.31% |
| 2S.BK | 2S Metal Public Company Limited | 4.70% | $0.11 | 76.54% |
| COLOR.BK | Salee Colour Public Company Limited | 4.70% | $0.05 | 65.65% |
| GJTL.JK | PT. Gajah Tunggal Tbk | 4.70% | $49.82 | 16.37% |
| JHSF3.SA | JHSF Participações S.A. | 4.70% | $0.37 | 19.33% |
| 0QLN.L | Tecan Group AG | 4.69% | $6.01 | 46.42% |
| 2891.TW | CTBC Financial Holding Co., Ltd. | 4.69% | $2.39 | 63.03% |
| 9536.SR | Arabian Food & Dairy Factories Company | 4.69% | $2.77 | 42.88% |
| KAMART.BK | Karmarts Public Company Limited | 4.69% | $0.42 | 80.09% |
| SNW.DE | Sanofi | 4.69% | $3.87 | 51.33% |
| WWL.WA | Wawel S.A. | 4.69% | $35.00 | 61.86% |
| 603299.SS | Jiang Su Suyan Jingshen Co.,Ltd. | 4.68% | $0.49 | 72.35% |
| 001790.KS | TS Corporation | 4.67% | $129.85 | 23.71% |
| 6049.HK | Poly Property Services Co., Ltd. | 4.67% | $1.51 | 27.86% |
| ABRD.ME | PJSC Abrau-Durso | 4.67% | $7.73 | 35.43% |
| CURY3.SA | Cury Construtora e Incorporadora S.A. | 4.67% | $1.47 | 49.28% |
| INCI.JK | PT Intanwijaya Internasional Tbk | 4.67% | $34.76 | 31.60% |
| NTGY.MC | Naturgy Energy Group, S.A. | 4.67% | $1.20 | 57.49% |
| 1015.KL | AMMB Holdings Berhad | 4.66% | $0.30 | 48.65% |
| 1686.HK | SUNeVision Holdings Ltd. | 4.66% | $0.22 | 47.87% |
| 1834.SR | Saudi Manpower Solutions Co. | 4.66% | $0.25 | 81.73% |