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 % ⇵ |
|---|---|---|---|---|
| 0O1S.L | Alten S.A. | 3.81% | $4.43 | 39.82% |
| 3607.T | Kuraudia Holdings Co.,Ltd. | 3.81% | $11.99 | 34.63% |
| 7179.KL | Lagenda Properties Berhad | 3.81% | $0.05 | 30.12% |
| 8188.HK | GME Group Holdings Limited | 3.81% | $0.04 | 23.08% |
| FC9.DE | FCR Immobilien AG | 3.81% | $0.46 | 15.59% |
| PSGO.JK | PT Palma Serasih Tbk | 3.81% | $8.00 | 38.48% |
| TASA3.SA | Taurus Armas S.A. | 3.81% | $0.19 | 20.71% |
| 000726.SZ | Lu Thai Textile Co., Ltd. | 3.80% | $0.27 | 41.15% |
| 012750.KS | S-1 Corporation | 3.80% | $2,699.92 | 50.51% |
| 603198.SS | Anhui Yingjia Distillery Co., Ltd. | 3.80% | $1.50 | 57.46% |
| 8273.T | Izumi Co., Ltd. | 3.80% | $113.85 | 67.94% |
| LMKDC.IS | Limak Dogu Anadolu Cimento Sny Ve Tcr AS | 3.80% | $1.09 | 27.90% |
| THULE.ST | Thule Group AB (publ) | 3.80% | $8.81 | 90.05% |
| ZUGER.SW | Zuger Kantonalbank | 3.80% | $335.48 | 37.77% |
| 000430.KS | Daewon Kang Up Co., Ltd. | 3.79% | $151.18 | 88.95% |
| 0558.HK | L.K. Technology Holdings Limited | 3.79% | $0.13 | 21.83% |
| 1888.HK | Kingboard Laminates Holdings Limited | 3.79% | $0.51 | 57.98% |
| 603055.SS | Zhe Jiang Taihua New Material Co., Ltd. | 3.79% | $0.36 | 60.25% |
| CPU.AX | Computershare Limited | 3.79% | $1.29 | 51.79% |
| INDS.JK | PT Indospring Tbk | 3.79% | $8.56 | 81.55% |
| 002120.SZ | YUNDA Holding Co., Ltd. | 3.78% | $0.25 | 59.62% |
| 6305.T | Hitachi Construction Machinery Co., Ltd. | 3.78% | $175.13 | 42.61% |
| GROREIT.BK | Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition | 3.78% | $0.28 | 34.44% |
| QNBK.QA | Qatar National Bank (Q.P.S.C.) | 3.78% | $0.71 | 38.00% |
| SISB.BK | SISB Public Company Limited | 3.78% | $0.42 | 42.68% |
| 078520.KS | Able C&C Co., Ltd. | 3.77% | $412.08 | 69.50% |
| 192400.KS | Cuckoo Holdings Co., Ltd. | 3.77% | $1,087.99 | 26.79% |
| 6435.TWO | Sinopower Semiconductor, Inc. | 3.77% | $4.26 | 56.41% |
| 6523.T | PHC Holdings Corporation | 3.77% | $41.87 | 90.94% |
| 6724.T | Seiko Epson Corporation | 3.77% | $74.76 | 47.38% |
| ASC | Ardmore Shipping Corporation | 3.77% | $0.39 | 45.12% |
| BAHN-B.ST | Bahnhof AB (publ) | 3.77% | $2.00 | 97.05% |
| CNDF.PA | Caisse Régionale de Crédit Agricole Mutuel Nord de France Société coopérative | 3.77% | $1.03 | 14.19% |
| 0QLT.L | Graubündner Kantonalbank | 3.76% | $69.01 | 39.45% |
| 603587.SS | Dazzle Fashion Co., Ltd | 3.76% | $0.50 | 90.21% |
| A1OS.DE | All for One Group SE | 3.76% | $1.62 | 50.06% |
| CWY.AX | Cleanaway Waste Management Limited | 3.76% | $0.10 | 69.98% |
| GYT.BK | Goodyear (Thailand) Public Company Limited | 3.76% | $7.40 | 22.93% |
| KARE.AT | Karelia Tobacco Company Inc. | 3.76% | $13.30 | 38.58% |
| THEP.PA | Thermador Groupe S.A. | 3.76% | $2.97 | 36.00% |
| 000708.SZ | Citic Pacific Special Steel Group Co., Ltd. | 3.75% | $0.61 | 56.33% |
| 002615.SZ | ZheJiang Haers Vacuum Containers Co.,Ltd. | 3.75% | $0.29 | 79.55% |
| 004980.KS | Sungshin Cement Co., Ltd | 3.75% | $351.10 | 39.08% |
| 2072.TWO | Century Wind Power Co., Ltd. | 3.75% | $10.15 | 49.95% |
| 3455.TWO | Utechzone Co., Ltd. | 3.75% | $4.49 | 95.02% |
| 600519.SS | Kweichow Moutai Co., Ltd. | 3.75% | $51.62 | 71.84% |
| KUAS.JK | PT Ace Oldfields Tbk | 3.75% | $3.00 | 33.35% |
| 002142.SZ | Bank of Ningbo Co., Ltd. | 3.74% | $1.05 | 24.03% |
| 083420.KS | Green Chemical Co., Ltd. | 3.74% | $240.14 | 58.66% |
| 0QPY.L | Sonova Holding AG | 3.74% | $8.87 | 46.46% |