Definitive Analysis
| Stable Growth | $859,167.25 - $3,107,447.47 | $2,721,980.40 |
| Multi-Stage | $390,148.84 - $427,050.18 | $408,260.72 |
| Blended Fair Value | $1,565,120.56 | |
| Current Price | $115,500.00 | |
| Upside | 1,255.08% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 14.18% | 22.64% | 4,002.68 | 3,100.71 | 3,870.17 | 2,643.04 | 2,317.91 | 2,062.61 | 2,063.90 | 1,340.44 | 1,019.19 | 811.19 |
| YoY Growth | - | - | 29.09% | -19.88% | 46.43% | 14.03% | 12.38% | -0.06% | 53.97% | 31.52% | 25.64% | 56.00% |
| Dividend Yield | - | - | 5.07% | 4.53% | 8.12% | 4.31% | 4.12% | 5.97% | 4.69% | 2.21% | 2.08% | 2.55% |
| Net Income To Common (M) | 5,804,665.00 |
| (-) Cash Dividends Paid (M) | 1,316,794.00 |
| (=) Cash Retained (M) | 4,487,871.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,160,933.00 | 725,583.13 | 435,349.88 |
| Cash Retained (M) | 4,487,871.00 | 4,487,871.00 | 4,487,871.00 |
| (-) Cash Required (M) | -1,160,933.00 | -725,583.13 | -435,349.88 |
| (=) Excess Retained (M) | 3,326,938.00 | 3,762,287.88 | 4,052,521.13 |
| (/) Shares Outstanding (M) | 371.50 | 371.50 | 371.50 |
| (=) Excess Retained per Share | 8,955.53 | 10,127.41 | 10,908.67 |
| LTM Dividend per Share | 3,544.58 | 3,544.58 | 3,544.58 |
| (+) Excess Retained per Share | 8,955.53 | 10,127.41 | 10,908.67 |
| (=) Adjusted Dividend | 12,500.10 | 13,671.99 | 14,453.24 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $859,167.25 | $2,721,980.40 | $3,107,447.47 |
| Upside / Downside | 643.87% | 2,256.69% | 2,590.43% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 5,804,665.00 | 6,181,968.23 | 6,583,796.16 | 7,011,742.91 | 7,467,506.20 | 7,952,894.10 | 8,191,480.93 |
| Payout Ratio | 22.69% | 36.15% | 49.61% | 63.07% | 76.54% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,316,794.00 | 2,234,662.77 | 3,266,291.02 | 4,422,589.50 | 5,715,406.70 | 7,157,604.69 | 7,577,119.86 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 2,068,184.69 | 2,087,788.34 | 2,107,391.98 |
| Year 2 PV (M) | 2,797,754.02 | 2,851,043.38 | 2,904,835.47 |
| Year 3 PV (M) | 3,505,973.33 | 3,606,617.22 | 3,709,169.00 |
| Year 4 PV (M) | 4,193,304.91 | 4,354,567.59 | 4,520,437.42 |
| Year 5 PV (M) | 4,860,202.21 | 5,094,951.79 | 5,338,685.80 |
| PV of Terminal Value (M) | 127,513,120.11 | 133,672,051.49 | 140,066,699.67 |
| Equity Value (M) | 144,938,539.28 | 151,667,019.81 | 158,647,219.34 |
| Shares Outstanding (M) | 371.50 | 371.50 | 371.50 |
| Fair Value | $390,148.84 | $408,260.72 | $427,050.18 |
| Upside / Downside | 237.79% | 253.47% | 269.74% |
| 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% |