Definitive Analysis
| Stable Growth | $956,301.75 - $3,949,959.84 | $2,458,251.08 |
| Multi-Stage | $472,811.64 - $517,218.91 | $494,608.90 |
| Blended Fair Value | $1,476,429.99 | |
| Current Price | $100,700.00 | |
| Upside | 1,366.17% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 43.48% | 22.71% | 5,567.30 | 3,560.33 | 3,051.71 | 1,017.24 | 1,169.82 | 915.51 | 813.79 | 1,118.96 | 1,118.96 | 1,025.17 |
| YoY Growth | - | - | 56.37% | 16.67% | 200.00% | -13.04% | 27.78% | 12.50% | -27.27% | 0.00% | 9.15% | 42.53% |
| Dividend Yield | - | - | 6.03% | 3.28% | 3.77% | 1.37% | 1.41% | 3.52% | 2.30% | 3.61% | 3.02% | 2.12% |
| Net Income To Common (M) | 7,828,160.00 |
| (-) Cash Dividends Paid (M) | 2,559,045.00 |
| (=) Cash Retained (M) | 5,269,115.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,565,632.00 | 978,520.00 | 587,112.00 |
| Cash Retained (M) | 5,269,115.00 | 5,269,115.00 | 5,269,115.00 |
| (-) Cash Required (M) | -1,565,632.00 | -978,520.00 | -587,112.00 |
| (=) Excess Retained (M) | 3,703,483.00 | 4,290,595.00 | 4,682,003.00 |
| (/) Shares Outstanding (M) | 394.14 | 394.14 | 394.14 |
| (=) Excess Retained per Share | 9,396.44 | 10,886.05 | 11,879.13 |
| LTM Dividend per Share | 6,492.78 | 6,492.78 | 6,492.78 |
| (+) Excess Retained per Share | 9,396.44 | 10,886.05 | 11,879.13 |
| (=) Adjusted Dividend | 15,889.22 | 17,378.83 | 18,371.91 |
| WACC / Discount Rate | 7.25% | 7.25% | 7.25% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $956,301.75 | $2,458,251.08 | $3,949,959.84 |
| Upside / Downside | 849.65% | 2,341.16% | 3,822.50% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 7,828,160.00 | 8,336,990.40 | 8,878,894.78 | 9,456,022.94 | 10,070,664.43 | 10,725,257.62 | 11,047,015.34 |
| Payout Ratio | 32.69% | 44.15% | 55.61% | 67.08% | 78.54% | 90.00% | 92.50% |
| Projected Dividends (M) | 2,559,045.00 | 3,680,964.61 | 4,937,921.81 | 6,342,731.36 | 7,909,303.44 | 9,652,731.85 | 10,218,489.19 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.25% | 7.25% | 7.25% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 3,399,815.93 | 3,432,041.67 | 3,464,267.41 |
| Year 2 PV (M) | 4,212,420.64 | 4,292,655.42 | 4,373,647.13 |
| Year 3 PV (M) | 4,997,555.23 | 5,141,017.09 | 5,287,198.51 |
| Year 4 PV (M) | 5,755,900.58 | 5,977,256.28 | 6,204,935.95 |
| Year 5 PV (M) | 6,488,122.63 | 6,801,501.38 | 7,126,873.87 |
| PV of Terminal Value (M) | 161,498,746.65 | 169,299,196.50 | 177,398,187.93 |
| Equity Value (M) | 186,352,561.66 | 194,943,668.33 | 203,855,110.80 |
| Shares Outstanding (M) | 394.14 | 394.14 | 394.14 |
| Fair Value | $472,811.64 | $494,608.90 | $517,218.91 |
| Upside / Downside | 369.52% | 391.17% | 413.62% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 3487.T | CRE Logistics REIT, Inc. | 4.46% | $7,526.15 | 70.87% |
| 6012.KL | Maxis Berhad | 4.46% | $0.17 | 91.48% |
| 7052.KL | Padini Holdings Berhad | 4.46% | $0.08 | 48.65% |
| CRAV.PA | Caisse régionale de Crédit Agricole Mutuel Atlantique Vendée | 4.46% | $6.25 | 28.59% |
| GWCS.QA | Gulf Warehousing Company Q.P.S.C. | 4.46% | $0.10 | 54.78% |
| 005940.KS | NH Investment & Securities Co., Ltd. | 4.45% | $948.23 | 45.04% |
| 0291.HK | China Resources Beer (Holdings) Company Limited | 4.45% | $1.18 | 43.56% |
| 600269.SS | Jiangxi Ganyue Expressway CO.,LTD. | 4.45% | $0.23 | 30.75% |
| ASCO.AT | As Commercial Industrial Company of Computers and Toys S.A. | 4.45% | $0.18 | 43.19% |
| BOKUS.ST | Bokusgruppen AB (publ) | 4.45% | $3.39 | 86.63% |
| 000598.SZ | Chengdu Xingrong Environment Co., Ltd. | 4.44% | $0.32 | 44.55% |
| 058860.KS | KTIS Corporation | 4.44% | $120.09 | 10.16% |
| DEWA.AE | Dubai Electricity and Water Authority (PJSC) | 4.44% | $0.12 | 85.40% |
| GALP.LS | Galp Energia, SGPS, S.A. | 4.44% | $0.65 | 49.23% |
| MONC.MI | Moncler S.p.A. | 4.44% | $2.43 | 52.33% |
| ORTHEX.HE | Orthex Oyj | 4.44% | $0.21 | 57.93% |
| 6270.TWO | Professional Computer Technology Limited | 4.43% | $1.00 | 76.06% |
| 9802.TW | Fulgent Sun International (Holding) Co., Ltd. | 4.43% | $4.52 | 66.25% |
| FROTO.IS | Ford Otomotiv Sanayi A.S. | 4.43% | $4.24 | 43.47% |
| TCM.CO | TCM Group A/S | 4.43% | $2.97 | 46.27% |
| YDUQ3.SA | Yduqs Participações S.A. | 4.43% | $0.54 | 61.33% |
| 1651.HK | Precision Tsugami (China) Corporation Limited | 4.42% | $1.53 | 45.55% |
| 210980.KS | SK D&D Co. Ltd. | 4.42% | $600.13 | 17.82% |
| HER.MI | Hera S.p.A. | 4.42% | $0.18 | 51.61% |
| 015360.KS | INVENI Co., Ltd. | 4.41% | $2,880.24 | 15.75% |
| 603889.SS | Zhejiang Xinao Textiles Inc. | 4.41% | $0.35 | 58.00% |
| 6214.TW | Systex Corporation | 4.41% | $5.21 | 76.44% |
| BGIP3.SA | Banco do Estado de Sergipe S.A. | 4.41% | $1.70 | 21.11% |
| TLDN.JK | PT Teladan Prima Agro Tbk | 4.41% | $30.89 | 31.72% |
| WEHA.JK | PT WEHA Transportasi Indonesia Tbk | 4.41% | $6.00 | 38.19% |
| 1662.HK | Yee Hop Holdings Limited | 4.40% | $0.10 | 52.30% |
| 267850.KS | Asiana IDT, Inc. | 4.40% | $499.28 | 43.32% |
| 605599.SS | Beijing Caishikou Department Store Co.,Ltd. | 4.40% | $0.72 | 68.99% |
| 7202.SR | Arabian Internet and Communications Services Co. Ltd. | 4.40% | $9.92 | 76.74% |
| 8415.TWO | Brighton-Best International (Taiwan) Inc. | 4.40% | $1.48 | 56.16% |
| ISB.IC | Íslandsbanki hf. | 4.40% | $6.54 | 47.32% |
| NCC.AE | National Cement Company (Public Shareholding Co.) | 4.40% | $0.20 | 39.44% |
| WUW.DE | Wüstenrot & Württembergische AG | 4.40% | $0.65 | 43.88% |
| 0QM5.L | Emmi AG | 4.39% | $32.01 | 42.17% |
| 2615.TW | Wan Hai Lines Ltd. | 4.39% | $3.49 | 28.69% |
| 3234.T | Mori Hills REIT Investment Corporation | 4.39% | $6,539.40 | 66.38% |
| BUMP.L | Seraphine Group PLC | 4.39% | $1.34 | 76.06% |
| COM7-R.BK | Com7 Public Company Limited | 4.39% | $0.86 | 52.19% |
| CVE | Cenovus Energy Inc. | 4.39% | $0.77 | 43.95% |
| VVV3.DE | Ökoworld AG | 4.39% | $1.18 | 16.92% |
| 139130.KS | iM Financial Group Co., Ltd. | 4.38% | $670.33 | 30.22% |
| 5200.KL | UOA Development Bhd | 4.38% | $0.08 | 52.34% |
| 600346.SS | Hengli Petrochemical Co.,Ltd. | 4.38% | $0.99 | 99.77% |
| SCHAND.BO | S Chand and Company Limited | 4.38% | $7.02 | 48.25% |
| 3029.TW | Zero One Technology Co., Ltd. | 4.37% | $5.00 | 85.70% |