Definitive Analysis
| Stable Growth | $1,381,431.19 - $1,627,560.00 | $1,525,262.07 |
| Multi-Stage | $5,415,809.69 - $5,946,868.51 | $5,676,366.17 |
| Blended Fair Value | $3,600,814.12 | |
| Current Price | $88,500.00 | |
| Upside | 3,968.72% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 13.25% | 7.87% | 1,736.18 | 1,895.88 | 1,103.54 | 1,013.96 | 1,024.70 | 931.90 | 828.36 | 730.08 | 732.33 | 866.94 |
| YoY Growth | - | - | -8.42% | 71.80% | 8.83% | -1.05% | 9.96% | 12.50% | 13.46% | -0.31% | -15.53% | 6.49% |
| Dividend Yield | - | - | 2.90% | 3.50% | 2.02% | 1.34% | 1.13% | 1.58% | 0.82% | 0.79% | 0.73% | 0.63% |
| Net Income To Common (M) | 178,284.83 |
| (-) Cash Dividends Paid (M) | 40,294.57 |
| (=) Cash Retained (M) | 137,990.26 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 35,656.97 | 22,285.60 | 13,371.36 |
| Cash Retained (M) | 137,990.26 | 137,990.26 | 137,990.26 |
| (-) Cash Required (M) | -35,656.97 | -22,285.60 | -13,371.36 |
| (=) Excess Retained (M) | 102,333.30 | 115,704.66 | 124,618.90 |
| (/) Shares Outstanding (M) | 21.79 | 21.79 | 21.79 |
| (=) Excess Retained per Share | 4,697.42 | 5,311.21 | 5,720.40 |
| LTM Dividend per Share | 1,849.65 | 1,849.65 | 1,849.65 |
| (+) Excess Retained per Share | 4,697.42 | 5,311.21 | 5,720.40 |
| (=) Adjusted Dividend | 6,547.07 | 7,160.85 | 7,570.05 |
| WACC / Discount Rate | -28.11% | -28.11% | -28.11% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,381,431.19 | $1,525,262.07 | $1,627,560.00 |
| Upside / Downside | 1,460.94% | 1,623.46% | 1,739.05% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 178,284.83 | 189,873.34 | 202,215.11 | 215,359.09 | 229,357.43 | 244,265.66 | 251,593.63 |
| Payout Ratio | 22.60% | 36.08% | 49.56% | 63.04% | 76.52% | 90.00% | 92.50% |
| Projected Dividends (M) | 40,294.57 | 68,508.17 | 100,219.30 | 135,763.43 | 175,504.87 | 219,839.09 | 232,724.11 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | -28.11% | -28.11% | -28.11% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 94,401.66 | 95,296.46 | 96,191.26 |
| Year 2 PV (M) | 190,294.33 | 193,918.90 | 197,577.67 |
| Year 3 PV (M) | 355,217.64 | 365,414.67 | 375,804.99 |
| Year 4 PV (M) | 632,758.72 | 657,092.84 | 682,122.16 |
| Year 5 PV (M) | 1,092,172.26 | 1,144,924.59 | 1,199,695.88 |
| PV of Terminal Value (M) | 115,618,569.43 | 121,202,989.57 | 127,001,138.60 |
| Equity Value (M) | 117,983,414.05 | 123,659,637.02 | 129,552,530.57 |
| Shares Outstanding (M) | 21.79 | 21.79 | 21.79 |
| Fair Value | $5,415,809.69 | $5,676,366.17 | $5,946,868.51 |
| Upside / Downside | 6,019.56% | 6,313.97% | 6,619.63% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 5271.KL | Pecca Group Berhad | 3.89% | $0.07 | 81.04% |
| 8183.TWO | Info-Tek Corporation | 3.89% | $1.30 | 53.03% |
| BDMS-R.BK | Bangkok Dusit Medical Services Public Company Limited | 3.89% | $0.75 | 72.62% |
| DANHOS13.MX | Fibra Danhos | 3.89% | $1.09 | 36.98% |
| FPE.DE | Fuchs Petrolub SE | 3.89% | $1.17 | 51.86% |
| S63.SI | Singapore Technologies Engineering Ltd | 3.89% | $0.33 | 72.94% |
| SONIC.BK | Sonic Interfreight Public Company Limited | 3.89% | $0.06 | 33.00% |
| 0QMW.L | Kuehne + Nagel International AG | 3.88% | $9.95 | 98.58% |
| 600861.SS | FESCO Group Co., Ltd. | 3.88% | $0.71 | 34.85% |
| CIV.PA | Caisse régionale de Crédit Agricole Mutuel d'Ille-et-Vilaine Société coopérative | 3.88% | $4.05 | 18.13% |
| DIR-UN.TO | Dream Industrial Real Estate Investment Trust | 3.88% | $0.49 | 65.95% |
| GGBR3.SA | Gerdau S.A. | 3.88% | $0.68 | 45.15% |
| HMC.AX | HMC Capital Limited | 3.88% | $0.16 | 11.87% |
| 000728.SZ | Guoyuan Securities Company Limited | 3.87% | $0.32 | 52.50% |
| 2145.HK | Shanghai Chicmax Cosmetic Co., Ltd. | 3.87% | $2.69 | 64.24% |
| 600025.SS | Huaneng Lancang River Hydropower Inc. | 3.87% | $0.35 | 75.95% |
| 603970.SS | Sino-Agri Leading Biosciences Co.,Ltd | 3.87% | $0.50 | 74.51% |
| 6509.TWO | Taiwan Hopax Chems.Mfg.Co.,Ltd. | 3.87% | $1.25 | 49.65% |
| AKZA.AS | Akzo Nobel N.V. | 3.87% | $2.31 | 95.66% |
| 1763.HK | China Isotope & Radiation Corporation | 3.86% | $0.83 | 32.12% |
| 600761.SS | Anhui Heli Co.,Ltd. | 3.86% | $0.81 | 53.66% |
| 605337.SS | Zhe Jiang Li Zi Yuan Food Co.,Ltd. | 3.86% | $0.46 | 92.31% |
| BOSS.DE | Hugo Boss AG | 3.86% | $1.40 | 43.29% |
| GOFORE.HE | Gofore Oyj | 3.86% | $0.52 | 83.77% |
| LOGO.IS | Logo Yazilim Sanayi ve Ticaret A.S. | 3.86% | $5.94 | 43.46% |
| PKTM.VI | PIERER Mobility AG | 3.86% | $0.58 | 3.67% |
| SICT.BK | Silicon Craft Technology Public Company Limited | 3.86% | $0.09 | 51.68% |
| 000591.SZ | CECEP Solar Energy Co.,Ltd. | 3.85% | $0.17 | 63.11% |
| 0QKI.L | Swisscom AG | 3.85% | $22.01 | 91.35% |
| 215200.KQ | MegaStudyEdu Co. Ltd | 3.85% | $1,569.97 | 34.80% |
| 2163.T | Artner Co.,Ltd. | 3.85% | $81.57 | 65.08% |
| 3265.TWO | Winstek Semiconductor Co., Ltd. | 3.85% | $4.80 | 95.49% |
| 6301.T | Komatsu Ltd. | 3.85% | $192.66 | 42.48% |
| 9563.SR | Bena Steel Industries Co. | 3.85% | $1.58 | 84.07% |
| CPN-R.BK | Central Pattana Public Company Limited | 3.85% | $2.12 | 57.57% |
| 000080.KS | HITEJINRO Co., Ltd. | 3.84% | $700.20 | 55.98% |
| 601921.SS | Zhejiang Publishing & Media Co., Ltd. | 3.84% | $0.30 | 51.98% |
| 9945.TW | Ruentex Development Co.,Ltd. | 3.84% | $1.14 | 33.31% |
| AGUAS-A.SN | Aguas Andinas S.A. | 3.84% | $14.22 | 70.41% |
| TNK | Teekay Tankers Ltd. | 3.84% | $1.98 | 21.29% |
| WALMEX.MX | Wal-Mart de México, S.A.B. de C.V. | 3.84% | $2.16 | 74.07% |
| 000810.KS | Samsung Fire & Marine Insurance Co., Ltd. | 3.83% | $19,037.86 | 40.33% |
| 0QPW.L | Zug Estates Holding AG | 3.83% | $85.00 | 29.91% |
| 9910.TW | Feng Tay Enterprises Co., Ltd. | 3.83% | $4.31 | 86.98% |
| CTC-A.TO | Canadian Tire Corporation, Limited | 3.83% | $6.72 | 49.69% |
| LOR.DE | L'Oréal S.A. | 3.83% | $13.98 | 59.38% |
| SOBO | South Bow Corporation | 3.83% | $1.07 | 69.36% |
| 0799.HK | IGG Inc | 3.82% | $0.15 | 12.76% |
| 105630.KS | Hansae Co., Ltd. | 3.82% | $500.30 | 39.98% |
| SIX2.DE | Sixt SE | 3.82% | $2.71 | 44.65% |