Definitive Analysis
| Stable Growth | $9,329,804.29 - $10,992,090.22 | $10,301,198.31 |
| Multi-Stage | $1,933,944.84 - $2,119,805.80 | $2,025,154.77 |
| Blended Fair Value | $6,163,176.54 | |
| Current Price | $1,107,000.00 | |
| Upside | 456.75% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 73.06% | 16.25% | 2,527.29 | 1,067.23 | 747.06 | 640.85 | 367.88 | 162.81 | 10.45 | 0.00 | 336.38 | 12.80 |
| YoY Growth | - | - | 136.81% | 42.86% | 16.57% | 74.20% | 125.95% | 1,458.66% | 0.00% | -100.00% | 2,528.14% | -97.72% |
| Dividend Yield | - | - | 0.41% | 0.52% | 0.76% | 1.24% | 0.91% | 0.80% | 0.03% | 0.00% | 0.72% | 0.03% |
| Net Income To Common (M) | 2,618,963.95 |
| (-) Cash Dividends Paid (M) | 223,787.69 |
| (=) Cash Retained (M) | 2,395,176.26 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 523,792.79 | 327,370.49 | 196,422.30 |
| Cash Retained (M) | 2,395,176.26 | 2,395,176.26 | 2,395,176.26 |
| (-) Cash Required (M) | -523,792.79 | -327,370.49 | -196,422.30 |
| (=) Excess Retained (M) | 1,871,383.47 | 2,067,805.77 | 2,198,753.96 |
| (/) Shares Outstanding (M) | 47.38 | 47.38 | 47.38 |
| (=) Excess Retained per Share | 39,494.20 | 43,639.56 | 46,403.12 |
| LTM Dividend per Share | 4,722.88 | 4,722.88 | 4,722.88 |
| (+) Excess Retained per Share | 39,494.20 | 43,639.56 | 46,403.12 |
| (=) Adjusted Dividend | 44,217.08 | 48,362.43 | 51,126.00 |
| WACC / Discount Rate | 5.91% | 5.91% | 5.91% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $9,329,804.29 | $10,301,198.31 | $10,992,090.22 |
| Upside / Downside | 742.80% | 830.55% | 892.96% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 2,618,963.95 | 2,789,196.60 | 2,970,494.38 | 3,163,576.52 | 3,369,208.99 | 3,588,207.57 | 3,695,853.80 |
| Payout Ratio | 8.54% | 24.84% | 41.13% | 57.42% | 73.71% | 90.00% | 92.50% |
| Projected Dividends (M) | 223,787.69 | 692,722.50 | 1,221,673.33 | 1,816,461.02 | 2,483,409.54 | 3,229,386.82 | 3,418,664.77 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.91% | 5.91% | 5.91% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 647,948.27 | 654,089.96 | 660,231.65 |
| Year 2 PV (M) | 1,068,851.03 | 1,089,209.64 | 1,109,760.31 |
| Year 3 PV (M) | 1,486,514.72 | 1,529,187.22 | 1,572,668.65 |
| Year 4 PV (M) | 1,900,958.00 | 1,974,063.48 | 2,049,257.53 |
| Year 5 PV (M) | 2,312,199.42 | 2,423,879.52 | 2,539,833.87 |
| PV of Terminal Value (M) | 84,221,087.38 | 88,288,997.40 | 92,512,595.90 |
| Equity Value (M) | 91,637,558.82 | 95,959,427.21 | 100,444,347.91 |
| Shares Outstanding (M) | 47.38 | 47.38 | 47.38 |
| Fair Value | $1,933,944.84 | $2,025,154.77 | $2,119,805.80 |
| Upside / Downside | 74.70% | 82.94% | 91.49% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| EG7.IR | FBD Holdings plc | 12.49% | $1.97 | 61.47% |
| WILC | G. Willi-Food International Ltd. | 12.48% | $3.58 | 52.70% |
| 9908.HK | JiaXing Gas Group Co., Ltd. | 12.44% | $1.02 | 40.94% |
| MPMX.JK | PT Mitra Pinasthika Mustika Tbk | 12.44% | $120.00 | 95.84% |
| 0QL5.L | Carlo Gavazzi Holding AG | 12.42% | $20.00 | 62.49% |
| GOZ.AX | Growthpoint Properties Australia | 12.40% | $0.30 | 16.37% |
| 1999.HK | Man Wah Holdings Limited | 12.39% | $0.57 | 57.62% |
| 1285.HK | Jiashili Group Limited | 12.38% | $0.14 | 55.24% |
| 600015.SS | Hua Xia Bank Co., Limited | 12.36% | $0.85 | 49.77% |
| BNP.DE | BNP Paribas S.A. | 12.28% | $10.07 | 51.11% |
| 0836.HK | China Resources Power Holdings Company Limited | 12.20% | $2.15 | 41.97% |
| BIS.AX | Bisalloy Steel Group Limited | 12.19% | $0.59 | 81.88% |
| KBS.BK | Khonburi Sugar Public Company Limited | 12.17% | $0.70 | 56.34% |
| 9300.SR | Alwaha REIT Fund | 12.14% | $1.18 | 71.67% |
| 2005.HK | SSY Group Limited | 12.13% | $0.35 | 50.50% |
| BGI-UN.TO | Brookfield Global Infrastructure Securities Income Fund | 12.09% | $0.96 | 46.13% |
| 2003.HK | VCREDIT Holdings Limited | 12.07% | $0.32 | 18.47% |
| 1713.HK | Sichuan Energy Investment Development Co., Ltd. | 12.02% | $0.29 | 41.35% |
| NSI.AS | NSI N.V. | 12.02% | $2.33 | 30.60% |
| RIO1.DE | Rio Tinto Group | 12.02% | $8.28 | 64.54% |
| IGL.AX | IVE Group Limited | 12.01% | $0.35 | 74.81% |
| 0G5B.L | Sto SE & Co. KGaA | 12.00% | $14.64 | 83.41% |
| CDU.LS | Conduril - Engenharia, S.A. | 12.00% | $1.80 | 69.00% |
| 2156.HK | C&D Property Management Group Co. Limited | 11.98% | $0.33 | 54.74% |
| 0057.HK | Chen Hsong Holdings Limited | 11.94% | $0.19 | 45.38% |
| BBSE3.SA | BB Seguridade Participações S.A. | 11.93% | $4.26 | 91.94% |
| SWUT.VI | SW Umwelttechnik Stoiser & Wolschner AG | 11.93% | $3.70 | 34.18% |
| 0Q76.L | CBo Territoria S.A. | 11.92% | $0.44 | 61.80% |
| ALCOF.PA | Cofidur S.A. | 11.92% | $34.80 | 38.87% |
| 0239.HK | Pak Fah Yeow International Limited | 11.87% | $0.28 | 52.60% |
| 2356.HK | Dah Sing Banking Group Limited | 11.87% | $1.29 | 41.19% |
| 3311.HK | China State Construction International Holdings Limited | 11.87% | $1.10 | 29.31% |
| ENGI.PA | Engie S.A. | 11.87% | $2.73 | 76.93% |
| SENA.BK | Sena Development Public Company Limited | 11.86% | $0.20 | 74.93% |
| 4348.SR | Alkhabeer REIT Fund | 11.85% | $0.66 | 98.08% |
| AWZ.SI | Multi-Chem Limited | 11.83% | $0.41 | 60.70% |
| 0331.HK | FSE Lifestyle Services Limited | 11.81% | $0.67 | 31.73% |
| SUL.AX | Super Retail Group Limited | 11.78% | $1.87 | 91.92% |
| 2877.HK | China Shineway Pharmaceutical Group Limited | 11.77% | $1.01 | 39.47% |
| DSWL | Deswell Industries, Inc. | 11.77% | $0.40 | 27.95% |
| 0855.HK | China Water Affairs Group Limited | 11.75% | $0.62 | 56.78% |
| 0659.HK | CTF Services Limited | 11.70% | $0.88 | 76.18% |
| DRA.AX | DRA Global Limited | 11.69% | $0.21 | 58.65% |
| GWA.AX | GWA Group Limited | 11.68% | $0.29 | 95.40% |
| 0968.HK | Xinyi Solar Holdings Limited | 11.67% | $0.36 | 70.18% |
| ENI-UN.TO | Energy Income Fund | 11.66% | $0.23 | 56.38% |
| TCF.AX | 360 Capital Mortgage REIT | 11.66% | $0.67 | 76.18% |
| 3316.HK | Binjiang Service Group Co. Ltd. | 11.65% | $2.76 | 69.09% |
| CC3.SI | StarHub Ltd | 11.65% | $0.13 | 81.69% |
| TFG-R.BK | Thaifoods Group Public Company Limited | 11.65% | $0.52 | 42.58% |