Definitive Analysis
| Stable Growth | $30,407.13 - $109,727.12 | $96,746.41 |
| Multi-Stage | $14,451.93 - $15,781.49 | $15,104.65 |
| Blended Fair Value | $55,925.53 | |
| Current Price | $4,400.00 | |
| Upside | 1,171.03% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 24.03% | 19.72% | 353.96 | 264.67 | 180.18 | 110.05 | 177.49 | 120.61 | 99.51 | 66.57 | 65.36 | 53.23 |
| YoY Growth | - | - | 33.74% | 46.89% | 63.72% | -38.00% | 47.17% | 21.20% | 49.49% | 1.84% | 22.80% | -9.03% |
| Dividend Yield | - | - | 6.81% | 3.84% | 3.49% | 2.79% | 5.77% | 5.15% | 2.68% | 1.73% | 2.23% | 2.07% |
| Net Income To Common (M) | 51,495,530.00 |
| (-) Cash Dividends Paid (M) | 43,510,539.00 |
| (=) Cash Retained (M) | 7,984,991.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 10,299,106.00 | 6,436,941.25 | 3,862,164.75 |
| Cash Retained (M) | 7,984,991.00 | 7,984,991.00 | 7,984,991.00 |
| (-) Cash Required (M) | -10,299,106.00 | -6,436,941.25 | -3,862,164.75 |
| (=) Excess Retained (M) | -2,314,115.00 | 1,548,049.75 | 4,122,826.25 |
| (/) Shares Outstanding (M) | 93,333.11 | 93,333.11 | 93,333.11 |
| (=) Excess Retained per Share | -24.79 | 16.59 | 44.17 |
| LTM Dividend per Share | 466.19 | 466.19 | 466.19 |
| (+) Excess Retained per Share | -24.79 | 16.59 | 44.17 |
| (=) Adjusted Dividend | 441.39 | 482.77 | 510.36 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $30,407.13 | $96,746.41 | $109,727.12 |
| Upside / Downside | 591.07% | 2,098.78% | 2,393.80% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 51,495,530.00 | 54,842,739.45 | 58,407,517.51 | 62,204,006.15 | 66,247,266.55 | 70,553,338.88 | 72,669,939.04 |
| Payout Ratio | 84.49% | 85.60% | 86.70% | 87.80% | 88.90% | 90.00% | 92.50% |
| Projected Dividends (M) | 43,510,539.00 | 46,942,672.33 | 50,637,150.96 | 54,613,579.03 | 58,893,000.78 | 63,498,004.99 | 67,219,693.62 |
| 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) | 43,446,948.67 | 43,858,768.09 | 44,270,587.51 |
| Year 2 PV (M) | 43,376,270.22 | 44,202,466.34 | 45,036,456.75 |
| Year 3 PV (M) | 43,298,719.52 | 44,541,670.16 | 45,808,183.14 |
| Year 4 PV (M) | 43,214,507.70 | 44,876,415.71 | 46,585,803.27 |
| Year 5 PV (M) | 43,123,841.24 | 45,206,738.90 | 47,369,353.95 |
| PV of Terminal Value (M) | 1,132,383,081.15 | 1,187,077,607.39 | 1,243,865,421.89 |
| Equity Value (M) | 1,348,843,368.50 | 1,409,763,666.58 | 1,472,935,806.50 |
| Shares Outstanding (M) | 93,333.11 | 93,333.11 | 93,333.11 |
| Fair Value | $14,451.93 | $15,104.65 | $15,781.49 |
| Upside / Downside | 228.45% | 243.29% | 258.67% |
| 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% |