Definitive Analysis
| Stable Growth | $750,906.69 - $2,715,146.09 | $2,380,211.41 |
| Multi-Stage | $343,929.52 - $376,290.36 | $359,813.49 |
| Blended Fair Value | $1,370,012.45 | |
| Current Price | $87,200.00 | |
| Upside | 1,471.12% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 13.39% | 25.63% | 3,891.80 | 4,835.85 | 3,227.28 | 2,067.47 | 2,117.90 | 2,076.65 | 1,695.27 | 1,126.27 | 767.91 | 604.82 |
| YoY Growth | - | - | -19.52% | 49.84% | 56.10% | -2.38% | 1.99% | 22.50% | 50.52% | 46.67% | 26.97% | 52.21% |
| Dividend Yield | - | - | 6.53% | 8.57% | 7.93% | 4.25% | 4.95% | 8.99% | 4.51% | 2.46% | 2.08% | 2.44% |
| Net Income To Common (M) | 3,946,935.00 |
| (-) Cash Dividends Paid (M) | 1,341,315.00 |
| (=) Cash Retained (M) | 2,605,620.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 789,387.00 | 493,366.88 | 296,020.13 |
| Cash Retained (M) | 2,605,620.00 | 2,605,620.00 | 2,605,620.00 |
| (-) Cash Required (M) | -789,387.00 | -493,366.88 | -296,020.13 |
| (=) Excess Retained (M) | 1,816,233.00 | 2,112,253.13 | 2,309,599.88 |
| (/) Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| (=) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| LTM Dividend per Share | 4,639.64 | 4,639.64 | 4,639.64 |
| (+) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| (=) Adjusted Dividend | 10,922.02 | 11,945.96 | 12,628.59 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $750,906.69 | $2,380,211.41 | $2,715,146.09 |
| Upside / Downside | 761.13% | 2,629.60% | 3,013.70% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 3,946,935.00 | 4,203,485.78 | 4,476,712.35 | 4,767,698.65 | 5,077,599.07 | 5,407,643.00 | 5,569,872.30 |
| Payout Ratio | 33.98% | 45.19% | 56.39% | 67.59% | 78.80% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,341,315.00 | 1,899,427.82 | 2,524,428.25 | 3,222,653.65 | 4,000,982.65 | 4,866,878.70 | 5,152,131.87 |
| 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) | 1,757,931.00 | 1,774,593.85 | 1,791,256.71 |
| Year 2 PV (M) | 2,162,325.61 | 2,203,511.84 | 2,245,086.62 |
| Year 3 PV (M) | 2,554,763.62 | 2,628,101.71 | 2,702,830.04 |
| Year 4 PV (M) | 2,935,504.76 | 3,048,395.99 | 3,164,512.44 |
| Year 5 PV (M) | 3,304,803.74 | 3,464,426.99 | 3,630,159.41 |
| PV of Terminal Value (M) | 86,714,438.74 | 90,902,778.56 | 95,251,416.00 |
| Equity Value (M) | 99,429,767.47 | 104,021,808.94 | 108,785,261.21 |
| Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| Fair Value | $343,929.52 | $359,813.49 | $376,290.36 |
| Upside / Downside | 294.41% | 312.63% | 331.53% |
| 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% |