Definitive Analysis
| Stable Growth | $24,687.07 - $72,835.10 | $68,257.15 |
| Multi-Stage | $10,270.00 - $11,221.79 | $10,737.23 |
| Blended Fair Value | $39,497.19 | |
| Current Price | $2,698.00 | |
| Upside | 1,363.94% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 14.86% | 14.65% | 258.04 | 303.71 | 253.09 | 78.62 | 0.00 | 129.10 | 114.12 | 69.70 | 63.26 | 55.80 |
| YoY Growth | - | - | -15.03% | 20.00% | 221.92% | 5,940,300.00% | -100.00% | 13.13% | 63.74% | 10.18% | 13.37% | -15.13% |
| Dividend Yield | - | - | 8.81% | 10.25% | 9.87% | 2.68% | 0.00% | 6.69% | 3.44% | 2.51% | 2.56% | 2.69% |
| Net Income To Common (M) | 276,734.00 |
| (-) Cash Dividends Paid (M) | 215,061.00 |
| (=) Cash Retained (M) | 61,673.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 55,346.80 | 34,591.75 | 20,755.05 |
| Cash Retained (M) | 61,673.00 | 61,673.00 | 61,673.00 |
| (-) Cash Required (M) | -55,346.80 | -34,591.75 | -20,755.05 |
| (=) Excess Retained (M) | 6,326.20 | 27,081.25 | 40,917.95 |
| (/) Shares Outstanding (M) | 755.62 | 755.62 | 755.62 |
| (=) Excess Retained per Share | 8.37 | 35.84 | 54.15 |
| LTM Dividend per Share | 284.62 | 284.62 | 284.62 |
| (+) Excess Retained per Share | 8.37 | 35.84 | 54.15 |
| (=) Adjusted Dividend | 292.99 | 320.46 | 338.77 |
| WACC / Discount Rate | 6.75% | 6.75% | 6.75% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $24,687.07 | $68,257.15 | $72,835.10 |
| Upside / Downside | 815.01% | 2,429.92% | 2,599.60% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 276,734.00 | 294,721.71 | 313,878.62 | 334,280.73 | 356,008.98 | 379,149.56 | 390,524.05 |
| Payout Ratio | 77.71% | 80.17% | 82.63% | 85.09% | 87.54% | 90.00% | 92.50% |
| Projected Dividends (M) | 215,061.00 | 236,281.88 | 259,352.84 | 284,424.74 | 311,660.21 | 341,234.61 | 361,234.75 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.75% | 6.75% | 6.75% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 219,258.74 | 221,337.02 | 223,415.30 |
| Year 2 PV (M) | 223,328.42 | 227,582.20 | 231,876.11 |
| Year 3 PV (M) | 227,272.47 | 233,796.65 | 240,444.50 |
| Year 4 PV (M) | 231,093.29 | 239,980.48 | 249,121.58 |
| Year 5 PV (M) | 234,793.21 | 246,133.80 | 257,908.44 |
| PV of Terminal Value (M) | 6,624,444.39 | 6,944,407.53 | 7,276,616.41 |
| Equity Value (M) | 7,760,190.51 | 8,113,237.68 | 8,479,382.34 |
| Shares Outstanding (M) | 755.62 | 755.62 | 755.62 |
| Fair Value | $10,270.00 | $10,737.23 | $11,221.79 |
| Upside / Downside | 280.65% | 297.97% | 315.93% |
| 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% |